About Stellar Lumens (XLM)
XLM or Stellar Lumens is the cryptocurrency of the Stellar blockchain network. It can be used to represent any form of currency or value transacted on the network, as well as pay for transaction costs.
Launched with 100 billion lumens, the total supply was reduced by half in 2019, leaving approximately 20 billion lumens on the open market and 30 billion in a development fund.
XLM as a transaction technology is outstanding - allowing users to transfer almost any amount of value across the world in seconds, for a tiny fee.
Read an in-depth Briefing Note on XLM, here.
How is the price of Stellar Lumens determined?
The price of Stellar Lumens (XLM) can change rapidly, as the crypto is traded 24/7/365 all over the world.
Just like any traded asset, the price changes based on supply (how many XLM are available for sale) and demand (how many XLM people want to buy).
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