Cryptocurrency Q&A
Who is XLM owned by?
Who is XLM owned by?
Caterina
Sat Jun 15 2024
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6 answers
1012
I'm quite intrigued about this cryptocurrency, XLM. Could you please clarify for me who actually owns XLM? Is it a private individual, a group of investors, or perhaps a larger organization? I'm also curious to know if there are any major shareholders or key individuals with significant stakes in its ownership? I'd appreciate it if you could provide a concise yet informative response regarding the ownership structure of XLM. Thank you.
6 answers
IncheonBeautyBloomingRadianceGlow
Mon Jun 17 2024
With such a large stake, the foundation is able to exercise its influence in various ways, shaping the development and adoption of Stellar.
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Raffaele
Mon Jun 17 2024
One of the key advantages of this control is the ability to steer the cryptocurrency towards its intended goals and objectives.
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Carolina
Mon Jun 17 2024
The Stellar Development Foundation plays a pivotal role in the cryptocurrency landscape, holding approximately 60% of the total XLM supply.
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Nicola
Mon Jun 17 2024
The foundation can also use its position to stabilize the value of XLM, protecting investors and users from excessive volatility.
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CryptoPioneer
Mon Jun 17 2024
This substantial holding gives the foundation significant control over the cryptocurrency, allowing it to influence its direction and value.
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