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Stellar XLM is a Smart Play, Here is Why

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Stellar XLM

Stellar XLM is a well-known platform that has received a lot of popularity and attention recently. Its goal is to connect payment systems, banks, and people in a more efficient way, and make the payment processes faster and easier to do. In fact, its protocol is specially designed for making international payments faster, and more efficient.

Not only that, but Stellar XLM also allows others to issue tokens through ICOs, DEXs, and it even hosts dApps. It was created by a group consisting of David Mazieres, Graydon Hoare, and Jed McCaleb back in 2014. So far, it has managed to attract numerous investors, advisors, as well as board members which all include some pretty big names.

Stellar wishes to make the world better by making financial services better, which is why it has a potential of being one of the biggest projects that will lead us into a brighter future. Of course, this takes time, and investing in Stellar should be viewed as a long-term thing. Here are some of the reasons why investing in this project is the smart decision.

Why investing in Stellar XLM is a good idea

1) Partnership with IBM

Over the years, Stellar has become pretty close with IBM, and the two have made a lot of progress on multiple mutually-shared initiatives. In a lot of cases, partnerships between companies and various cryptos are only real in name. Firms wish to demonstrate how modern and progressive they are, and the cryptos receive more attention due to their new connection to a big name.

However, this is not the case with Stellar and IBM. Ever since the two have partnered up, this collaboration has demonstrated extreme value for both parties. IBM uses XLM for the firm’s blockchain solutions in the real-world environment, and the partnership has led to a lot of improvement in cross-border payments.

IBM has also revealed plans to create their personal token, Verde, which will likely mean that the firm will use Stellar as a primary bridge asset in the UPS, their joint venture. What Stellar is getting in return is 8 validating nodes, and their tech used for their own customers. Additionally, numerous joint projects started by the two entities continue to thrive.

2) Stellar XLM supports stable coins

Stable coins appeared as a method of pointing out the high volatility of cryptocurrencies. They do so by tying themselves to assets in the real world, like a fiat currency. This has brought several stable coins, with the best-known one being Tether, which is tied to the US dollar.

Now, there is news of another stable coin, US Anchor, doing the same, and doing it through Stellar’s network. This coin is being launched by a startup going by the name of Stronghold. And, while Tether’s financial backing isn’t exactly known to the public, Anchor is said to be backed by the dollar completely and will use the funds held by a firm called Prime Trust.

IBM itself is also involved in this project, with the goal of exploring the use cases that stable coins can bring up. Additionally, due to its large customer ecosystem, IBM is also the perfect way for the coin to reach the market. Eventually, IBM hopes to see Achor become a go-to coin for financial institutions, and for various purposes at that.

If Anchor, or some other stable coin, gets implemented on Stellar’s network without issues it is also expected that CBDC (Central Bank Digitally Issued Currency) might soon come too. While this would bring Stellar to the new heights, there is also a question of decentralization involved. Stellar itself is decentralized, which might mean that the banks would have a problem with that.

Additionally, many are wondering if stable coins might hurt Stellar’s potential to serve as a bridge asset. However, while this is a valid concern, it is not completely clear whether or not stable coins will actually pose a threat to Stellar’s functionality.

3) Coinbase targeting Stellar XLM

Coinbase has been every crypto’s dream for years now, and a lot of coins would give anything to find themselves on their list. Historically, Coinbase has been rather selective of the coins it adopts. This is due to numerous regulative uncertainties since the platform doesn’t want to get into trouble if it turns out that one of their coins is a security or a scam.

However, the platform has been making serious efforts on overcoming this fear and expanding their token list. Recently, they announced that they are looking into numerous coins in search of their next addition, with Stellar being one of them. Of course, this doesn’t mean that Stellar is already on the list since Coinbase itself said that maybe none of the coins that they are considering will actually be added. Still, the fact that Coinbase took Stellar as a potential candidate means a lot for this crypto.

4) Stellar XLM targets a huge addressable market

We already mentioned that Stellar is looking into revolutionizing numerous markets, but when they are combined, its total addressable market is really huge and worth of tens of trillions of dollars. Even if it gets involved in a tiny fraction of this, that could still mean billions of dollars for everyone involved, and the coin’s price would reach the moon.

Of course, Stellar has a lot of work to do here, and it even has a lot of competition like OmiseGo and Ripple. However, its biggest adversary is the traditional method of making payments. Stellar is bringing new technology, one that many are still wary of. With that in mind, it will first have to convince these markets that its tech is reliable and truly better than what they have been using for decades.

5) The Lightning network

The Lightning network has brought a promise of an increase in privacy, and the coins that wish to remain relevant will likely have no choice but to get on it. Stellar is way ahead of many others in this regard, and it hopes to have a live implementation by the end of the year.

Lightning Network’s technology will allow it, even more, use cases, and much, much faster transaction speeds. Not to mention near-free and near-instant atomic swaps between XLM, Stellar’s other tokens like Anchor, and other cryptos.

6) Stellar XLM allows ICOs

Ethereum has grown to be a second largest crypto for a reason, and that is its ability to raise funds through ICOs. Now, Stellar hopes to do the same. However, Stellar is hoping to do things a bit differently. It doesn’t require gas for a program executing, and its transaction fees are extremely small. This makes it very attractive for developers, especially since gas prices on other blockchains have grown to be very expensive.

Additionally, Stellar (XLM) even has a decentralized exchange that allows for immediate token trading. All of this combined is making Stellar one of the most attractive coins today, and it basically secures it as one of the coins of the future. Because of that, avoiding Stellar now would be a big mistake for everyone hoping to make a smart investment.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

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Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

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