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XLM

Stellar  

#XLM

XLM Price:
$0.12
Volume:
$0.1 B
All Time High:
$0.92
Market Cap:
$3.0 B


Circulating Supply:
25,481,027,319
Exchanges:
80
Total Supply:
50,001,787,570
Markets:
211
Max Supply:
Pairs:
75



  XLM PRICE


The price of #XLM today is $0.12 USD.

The lowest XLM price for this period was $0, the highest was $0.116, and the current live price for one XLM coin is $0.11608.

The all-time high XLM coin price was $0.92.

Use our custom price calculator to see the hypothetical price of XLM with market cap of ETH and how the supply affects the price of XLM at different market capitalizations.


  XLM OVERVIEW


The code for Stellar is #XLM.

Stellar is 8.2 years old.


  XLM MARKET CAP


The current market capitalization for Stellar is $2,957,955,250.

Stellar is ranked #24 out of all coins, by market cap (and other factors).


  XLM VOLUME


There is a very large volume of trading today on #XLM.

Today's 24-hour trading volume across all exchanges for Stellar is $149,127,140.


  XLM SUPPLY


The circulating supply of XLM is 25,481,027,319 coins, which is 51% of the total coin supply.

Stellar has a relatively large supply of coins, 210 times larger than Ethereum's supply, as an example.


  XLM BLOCKCHAIN


XLM is the native coin for the Stellar blockchain.

View the full list of Stellar blockchain tokens.


  XLM EXCHANGES


XLM is well integrated with many pairings with other cryptocurrencies and is listed on at least 80 crypto exchanges.

View #XLM trading pairs and crypto exchanges that currently support #XLM purchase.


  XLM RESOURCES


Websitewww.stellar.org
Whitepaperwww.stellar.org/papers/stellar-consensus-protocol....
TwitterStellarOrg
Redditr/stellar
Mediumstellar-community


  XLM DEVELOPER NEWS



Submissions open for SCF#11!

It’s time: submissions are now open for the 11th round of the Stellar Community Fund (SCF)! Is there a change you can imagine that would make the world a better place? A need out there that’s not addressed by current technology? Apply to the SCF with your Stellar-based project before one of the submission deadlines (Sept 25 & Oct 30) and request the budget you need to realize your vision. ‍ The SCF is an open-application grant program that distributes up to 24M XLM annually based on community input to support the development of products and services built on Stellar. — What’s new? - — 🥾 | SCF#11 Startup Bootcamp. — For the first time ever, selected candidates are invited to participate in a virtual bootcamp from November 1–3. Participants will work with SDF and Stellar ecosystem members to define a problem, storyboard a solution, and develop a rapid prototype before getting feedback from the Stellar community. Learn more about the bootcamp here and complete your SCF submission form before September 25th to be considered! — 📘 | SCF Handbook. — Say goodbye to guessing answers or looking for scattered rules and information. Welcome the brand-new SCF Handbook, a source-of-truth document for everything related to the SCF! While you’ll still be able to view SCF projects, find dates for upcoming rounds, and access submission forms on communityfund.stellar.org, the handbook will contain all the information, rules, and recommendations for project submission and community participation. — 🌟 | Opportunities for Verified Members. — Verified members are the life force of SCF. They provide critical feedback and decide how to allocate funding to Stellar-based projects. This round, we’re expanding our effort to grow, diversify, and engage the verified member panel by: Inviting verified members to join the selection panel to screen submissions;, Inviting verified members to become project facilitators in the SCF#11 Startup Bootcamp;, Enabling collaborative submission review., More information coming soon, stay tuned! — 📈 | Post-SCF growth opportunities. — In addition to kick-starting your Stellar-based project, SCF also unlocks opportunities for continued development and growth. Starting with SCF#10, all candidates selected for community review will be considered (but not guaranteed) for: Support from SDF’s Partnerships team;, Other SDF grants (Marketing, Infrastructure, etc.);, Referral to external accelerators, incubators, and investors., Questions? Check out our newly created FAQ. Additional questions? Ask them in the #support channel on the SCF Discord or join us during weekly office hours on Fridays at 12 PM ET. Submissions open for SCF#11! was originally published in Stellar Community on Medium, where people are continuing the conversation by highlighting and responding to this story.




Announcing the winners of SCF#10

Today, we are excited to announce the winners of the 10th round of the Stellar Community Fund (SCF). After two weeks of deliberation, a panel of 52 judges drawn from both the Stellar Development Foundation and the greater Stellar community and ecosystem voted to award 15 projects their requested budgets, and to give away a grand total of over 10.5M XLM**. Similar to last SCF rounds, each project specified a budget request. Judges considered those requests when voting, and as a result, the winners range from single developer projects to launch-ready businesses building the future of finance. It’s a diverse set of projects, and we’re excited to see what they do next! Without further ado, here are the winners ranked by highest vote: — 1. AssemblyScript smart contracts SDK — $59,000 worth of XLM*. — An open-source, free AssemblyScript smart contracts SDK that will help (web) developers implement native smart contracts for Stellar (Jump Cannon). — 2. Beans app — $220,000 worth of XLM*. — A non-custodial wallet where users enjoy free international payments and savings accounts with healthy yields through a user experience that anyone can understand without any blockchain jargon. — 3. Elixir Stellar SDK — $12,000 worth of XLM*. — A LatAm tech talent and innovation incubator aiming to provide support for Stellar in the programming language Elixir through open-source libraries ‘Elixir XDR’, ‘Stellar Base’, and ‘Stellar SDK’. — 4. Pluto Loans — $48,480 worth of XLM*. — Allows users to spend their future yield today via time-based and self-repaying loans with no liquidation risks. They plan to launch in Argentina, where the annual inflation rate has reached 60%+. — 5. Vitreous — $50,000 worth of XLM*. — A project aiming to make transparent data easy to understand and encourage trust by providing transparent accounts with social network features. — 6. Synced Geo-Bounties — $50,000 worth of XLM*. — Allows crowdfunding and crowdsourcing of geospatial data where users can submit bounties for environmental (e.g., reporting broken infrastructure) and social matters (e.g., finding places of local history). — 7. The Blue Marble — $180,000 worth of XLM*. — A marketplace that revolutionizes impact investment by allowing NFT creators to easily launch campaigns and split sales revenues with social and environmental causes. — 8. Source of Tales — $7,500 worth of XLM*. — A 2D MMO Action-RPG that will use Stellar for authentication and give players ownership of their characters and in-game possessions that can be traded independently of the game. — 9. Sentit — $55,000 worth of XLM*. — An easy-to-use multi-currency non-custodial wallet on Stellar for fast cross-border and bill payments at a low cost. Integrating capabilities for users to acquire stocks, bonds, and NFT collectibles. — 10. Skyhitz — $120,000 worth of XLM*. — A music NFT marketplace providing musicians the tools to leverage their creativity and use Stellar to trade equity of their work in exchange for XLM or other assets on the network. — 11. MythForge — $20,000 worth of XLM*. — A game that allows players to create in-game items and link them to newly minted NFTs on Stellar, which can be traded and rented to other players. — 12. BP Ventures — $125,000 worth of XLM*. — Helps FinTechs like MSBs increase revenues, decrease chargebacks and fraud, and improve treasury efficiencies through consulting and a whitelabel DeFi dashboard, cash-in cash-out payment solution. — 13. LINK — $50,000 worth of XLM*. — A fintech service provider building cross-border payments infrastructure in Africa. LINK is also the issuer of the multi-chain Nigerian Naira stablecoin (NGNC) on Stellar with SEP-24 on- and off-ramp capabilities. — 14. EduNode — $77,200 worth of XLM*. — An e-learning platform that empowers Web3 developers and innovators with easy access to high-quality blockchain educational experiences, NFTs certifications, and tools to monetize their skills. — 15. Smilepay — $50,000 worth of XLM*. — A peer-to-peer mobile app that helps African diasporas abroad to send money, pay utility bills, & buy airtime for friends & family in Africa, in real-time & free of charge. Starting in the USA & Ethiopia. — Note from SDF’s ecosystem team - Big thanks to the judges and the Stellar community as a whole for evaluating, engaging with, and supporting these projects, and congratulations to the winners! We wish you all the very best, and look forward to watching your projects evolve and grow. That said, there were a ton of great — really, really great — projects this round, and we wish we could have funded the lot. So, if you didn’t make the cut this time, don’t give up! We will open submissions for SCF #11 soon, and you can take what you’ve learned to do an even better job crafting your next application. Several winners of this round have applied to the SCF before but didn’t win until now, so take this chance to build on your project and strengthen your participation in the Stellar community and ecosystem at large. *The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on July 5, 2022 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at www.cfbenchmarks.com) **From the total 12M XLM pool, the above candidates were able to get their requested budget fully funded. Any leftover XLM will roll over into the next round of SCF. Learn more about voting here. Announcing the winners of SCF#10 was originally published in Stellar Community on Medium, where people are continuing the conversation by highlighting and responding to this story.




SCF #10 — Candidate Pitches

SCF #10 — Candidate Pitches - On June 15th and 16th, the Stellar community had the opportunity to interact live with candidates of the 10th round of the Stellar Community Fund (SCF) during five candidate pitch sessions. Almost all candidates presented their Stellar-based solutions and community members provided support, asked questions, and gave feedback. Did you miss any of these sessions? No problem! Read on to view summaries of each pitch, sorted by category, budget request, and project stage. Each project title links to the project’s SCF page, where you can find a demo video and more information about their business model and team. Even if you’re not voting in this SCF round, we encourage you to read about each candidate and engage with the teams in the SCF Discord. — Cross-border payments and remittances - — Mango | $24,600 | Development. — Mango provides the unbanked population of Mexico a cash-to-crypto entrance by offering cash-on-ramps through the thousands of OXXO convenience stores located throughout the region. — CashAbroad | $28,500 | Development. — Helps businesses quickly manage accounts receivable and debt to pay with international merchants and vendors through simple natural language NLP–starting with the Mexico-Colombia corridor. — KometPay | $32,000 | Development. — Makes money transfers easy and accessible to Colombian immigrants in the US by combining a user-friendly interface with receiving options catering to the unbanked demographics of LatAm. — Centiiv | $45,000 | Startup. — A payment platform facilitating seamless fund transfers across Africa, including crypto-to-bank and utility bill payments. Also provides earning opportunities with passive income through investment and savings features. — Finoo | $50,000 | Startup. — The world’s first study abroad digital wallet. Say no to all unnecessary fees from banks and discover a simpler and more convenient way to afford your university abroad. — LINK | $50,000 | Startup. — A fintech service provider building cross-border payments infrastructure in Africa. LINK is also the issuer of the multi-chain Nigerian Naira stablecoin (NGNC) on Stellar with SEP-24 on- and off-ramp capabilities. — Payment Porte | $50,000 | Development. — Plans to utilize digital assets & stablecoins to create a neobanking & borderless payment ecosystem and facilitate a paradigm shift from legacy banking to the future of digital economies and fintech. — Smilepay | $50,000 | Startup. — A peer-to-peer mobile app that helps African diasporas abroad to send money, pay utility bills, & buy airtime for friends & family in Africa, in real-time & free of charge. Starting in the USA & Ethiopia. — Sentit | $55,000 | Startup. — An easy-to-use multi-currency non-custodial wallet on Stellar for fast cross-border and bill payments at a low cost. Integrating capabilities for users to acquire stocks, bonds, and NFT collectibles. — Banking The Unbanked | $56,000 | Startup. — A secured cross-border payments platform that enables businesses and individuals to pay and get paid by the unbanked population worldwide through an inclusive digital banking experience via mobile. — Peimi | $70,000 | Startup. — A B2B platform that enables US employers to send international payments to LatAm contractors in their preferred currency at the best possible rate, speed, and security. — Meru | $100,000 | Startup. — A mobile app that can send money across LatAm countries in seconds by leveraging SEP-24 integrations with Stellar anchors, starting with Colombia and Venezuela. — Clickpesa Sender Portal | $200,000 | Expansion. — Uses Stellar to connect locally available payment solutions to East Africa to facilitate cheaper, quicker, and compliant payment remittances and settlements for traders, partners, and companies. — Elsa.care | $200,000 | Startup. — A fintech superapp improving the life of overseas Filipinos and their unbanked loved ones back home with free remittances, bill and service payments to hold in-app or spend in 20K+ off ramp locations. — Chronospay | $204,000. — A universal payment platform created for freelancers, entrepreneurs, and small businesses in Latam countries that offers reduced traditional commission fees by 70% with instant settlement in local currency. — DeFi & wallets - — Pluto Loans | $48,480 | Startup. — Allows users to spend their future yield today via time-based and self-repaying loans with no liquidation risks. They plan to launch in Argentina, where the annual inflation rate has reached 60%+. — PesaKit | $50,000 | Expansion. — A fintech furthering access to financial services at the last mile through crypto cash-in-cash-out agent locations in East Africa. Also provides DeFi lending for underbanked and underserved areas. — Bonafide | $150,000 | Startup. — Wallet that enables businesses and individuals to hold and spend digital dollars, send and receive money globally, earn annual interest on wallet balance, and participate in no-loss weekly raffle draws. — Mesh | $217,063 | Growth. — Decentralized financial markets platform for cross-asset issuance, trade, investment and management of Trad- and DeFi assets. Fast, low cost, and direct access for all to primary sources of capital. — Beans App | $220,000 | Startup. — A non-custodial wallet where users enjoy free international payments and savings accounts with healthy yields through a user experience that anyone can understand without any blockchain jargon. — Education and Community - — Wastecoin | $40,000 | Development. — A blockchain app that educates and rewards users for their recycling effort through Wastecoin, a Stellar token that can also be used to purchase items at their marketplace. — Edunode | $77,200 | Startup. — An e-learning platform that empowers Web3 developers and innovators with easy access to high-quality blockchain educational experiences, NFTs certifications, and tools to monetize their skills. — Marketplace - — Rabid Reader E-book Platform | $25,000 | Maturity. — Token-based e-book marketplace that unlocks global access to granular digital content (e.g. parts of books) to help anyone purchase content for education curriculum and professional development. — ImpactCred | $30,000 | Startup. — A FinTech lending marketplace seeking to connect impact debt investors with early-stage social enterprises to solve the unmet annual debt financing need of $1.5B across accelerator program graduates globally. — FatHouse | $50,000 | Development. — An intuitive investment platform that empowers millions to emotionally connect and invest in Latin America real estate digital products to generate passive income, regardless of budget or experience. — Synced Geo-Bounties | $50,000 | Startup. — Allows crowdfunding and crowdsourcing of geospatial data where users can submit bounties for environmental (e.g., reporting broken infrastructure) and social matters (e.g., finding places of local history). — GetPaid | $185,000 | Growth. — A marketplace and community platform that provides creators, traders, and freelancers in Africa access to opportunities in the global digital economy through connecting, learning, and earning. — Micro & B2B payments - — Prontopagos Pay | $49,319 | Expansion. — A non-custodial wallet designed for the general public in Venezuela to pay public and telecom services, taxes, debt, and other obligations quickly with low transaction costs. — OSOCI | $50,000 | Development. — Run by a team experienced with streaming services for 12+ years, OSOCI allows anyone worldwide to earn for streamed content through a token-based solution with the ability to spend instantly. — Paystreme | $50,000 | Startup. — A payment streaming platform that enables customers to pay in real-time for services such as cell phone coverage, internet, pay-tv, and video streaming. Pay-as-you-go with no more subscription fees. — Quidroo | $56,500 | Startup. — An online factoring platform where transactions are streamlined and Nigerian SMEs get paid within 72 hours by selling their invoices to investors to get fast cash at favorable rates. — NFTs and Gaming - — Source of Tales | $7,500 | Development. — A 2D MMO Action-RPG that will use Stellar for authentication and give players ownership of their characters and in-game possessions that can be traded independently of the game. — MythForge | $20,000 | Development. — A game that allows players to create in-game items and link them to newly minted NFTs on Stellar, which can be traded and rented to other players. — MegafanWorld | $45,000 | Development. — An interact-to-earn metaverse and social network aiming to create a community for soccer fans around the world rewarded for participation through a non-custodial Stellar wallet and NFT marketplace. — Million NFTs | $50,000 | Development. — An NFT marketplace that uses Stellar to offer a fast and low-cost solution for minting NFTs. Instead of charging commission fees, they encourage users to pay for ad features in a custom token. — Skyhitz | $120,000 | Startup. — A music NFT marketplace providing musicians the tools to leverage their creativity and use Stellar to trade equity of their work in exchange for XLM or other assets on the network. — The Blue Marble | $180,000 | Startup. — A marketplace that revolutionizes impact investment by allowing NFT creators to easily launch campaigns and split sales revenues with social and environmental causes. — Tools and infrastructure - — Elixir Stellar SDK | $12,000 | Development. — A LatAm tech talent and innovation incubator aiming to provide support for Stellar in the programming language Elixir through open-source libraries ‘Elixir XDR’, ‘Stellar Base’, and ‘Stellar SDK’. — Xycloo: sTeX & Stensitive | $15,300 | Development. — sTeX is an online LaTeX environment: a Google Docs for latex using stellar for document tokenization and management. Stensitive is a simple tool to encrypt sensitive data with any Stellar wallet. — Vitreous | $50,000 | Development. — A project aiming to make transparent data easy to understand and encourage trust by providing transparent accounts with social network features. — AssemblyScript smart contracts SDK | $59,000 | Development. — An open-source, free AssemblyScript smart contracts SDK that will help (web) developers implement native smart contracts for Stellar (Jump Cannon). — BP Ventures | $125,000 | Growth. — Helps FinTechs like MSBs increase revenues, decrease chargebacks and fraud, and improve treasury efficiencies through consulting and a whitelabel DeFi dashboard, cash-in cash-out payment solution. — Truestamp | $150,000 | Startup. — A SaaS platform that leverages Stellar to provide easy access to cryptographically strong tools to verify the timestamp, integrity, and provenance of your most important data. Know what’s true. — InfinitySwap | $200,000 | Expansion. — Smart routing multi-chain aggregator enabling x-chain swaps. With InfinitySwap, Ferrum intends to port liquidity to Stellar and bring TVL and volume to Stellar DEX and other DeFi platforms in the ecosystem. Until 11:59 PM PST on July 4th, verified community members can cast their votes to candidates they believe deserve their requested budget. Interested in becoming verified and help shape the Stellar Ecosystem? Check if you meet the benchmarks for qualification and apply. SCF #10 — Candidate Pitches was originally published in Stellar Community on Medium, where people are continuing the conversation by highlighting and responding to this story.




Launch your own branded fintech app on Stellar, Rehive, and Wyre

Rehive’s white-label digital wallet. Your branding, your customers! It is expensive and time-consuming to build an end-to-end, fully compliant fintech app from scratch — all before even testing out your use case! But no sweat, this is where Rehive and Wyre come in. They have teamed up to make it easy for fintechs, PSPs, marketplaces, and platforms to launch their own branded wallet and fintech apps. Wyre solves all the heavy lifting around compliance, on-off-ramps, money services licenses, and custody of user funds. Rehive slots on top of Wyre with customizable iOS, Android, and web applications. — So what does the end product look like? - The end application is similar to Cash App. It supports mass payouts, sending and requesting payments, in-app purchases, rewards, scan-to-pay flows, invoicing, and more. The solution is a perfect fit if you are looking to streamline payouts to gig workers, vendors, teachers, suppliers, and more with your own branded experience. The end-user experience is clean and simple. As a custodial wallet solution, end-users do not have to worry about managing their own private keys. That being said, we are working on a non-custodial account add-on that will give end-users the best of both worlds. If you are specifically interested in non-custodial wallets, please let us know!The Rehive white-label app is built to be completely customizable, choose your colors, add your branding and launch. — How to get started - Create a test project here to get started and follow the Wyre onboarding steps. Rehive offers a 14-day trial to test out all the flows. Subscription packages range between $25/month to $2,500/month, depending on your needs. You can either use Rehive as-is or customize the frontend codebase. Rehive has partnered with SDF to provide special discounts to all participants of the Stellar Blockchain Bootcamp with DFS Lab in April this year. In addition, anyone can apply to the Rehive Pilot Program for $7,500 in subscription credits to help you kickstart your project. The application deadline for this round is 30 June 2022. Let us know if you have any questions! Read more on our website and help center. Launch your own branded fintech app on Stellar, Rehive, and Wyre was originally published in Stellar Community on Medium, where people are continuing the conversation by highlighting and responding to this story.




SCF #10 — Community Discussion begins!

SCF #10 — Community Discussion begins! - As the Stellar Ecosystem grows, so does the Stellar Community Fund. In the past two weeks, the selection panel reviewed over 150 submissions — a new record — by developers, startups and full-fledged companies building on Stellar, of which 43 are selected to move forward. Take a look: communityfund.stellar.org/current. For the next two weeks, any and all have the chance to weigh in on those projects. The Community Discussion phase not only gives contestants a chance to advocate for their projects, it also gives the Stellar community a chance to interact directly with developers and entrepreneurs from all over the world, and to help them hone their pitches and refine their products so they impact the world in the best possible ways. — How to participate in discussion - Start by reading through entries on communityfund.stellar.org/current. Join a project’s dedicated channel in the SCF Discord (under SCF #10) to ask questions and provide feedback. The more you engage, the stronger the entries become, and the bigger the impact SCF has on the Stellar ecosystem and the world at large. — A few tips: - Be constructive. Ask substantive questions that give contestants a chance to clarify or explain their project. When possible, suggest a change rather than merely pointing out a flaw., Think about what the project is asking for. Does it deserve the requested budget? If you were an investor, would you provide the desired level of funding? If not, why not?, Play to your strengths. You don’t need to give feedback on every aspect of a submission. If you’re good at reviewing code, go straight to the GitHub repo. If you’re a product person, check out the “Products and Services” section. If business plans are your thing, look at the revenue model, competitive analysis, or marketing and sales proposal. Many submitters are new to Stellar and could use your specific insight and experience to scale their projects., Be kind and supportive, even to your competitors. We’re working together to build a community, and a welcoming environment increases participation and drives development., — For selected projects - This is your opportunity to engage with, learn from, and get to know the Stellar community. Over the next two weeks, you have a rare opportunity to collect feedback, and to use it to improve your submission. You can also interact with potential voters to help them understand your project, and to tailor your submission to highlight its value. — A few tips: - Check your dedicated project channel on the SCF Discord, and take the time to read and respond to feedback! Use other channels accordingly:, ☕│general: for general chat, no project postings❓│support: questions about the Stellar Community Fund🎉│self-promotion: promote your project for the current round (in this case SCF #10)⚡│project-announcements: post announcements of your project (can be all (previously) selected projects) Ask questions when you can, accept feedback gracefully, and listen to what the community has to say. Remember: it’s the community that will decide whether to award you your budget request. Check out these guidelines for effectively asking and responding to feedback., While you’re at it, give your submission another read. Is there anything you can improve? Be very clear about what you’re building, fill out your submission in as much detail as possible, share any info you have about your current users, and make sure all your links work., You can request modifications for your entry until June 19th, which is when Community Discussion ends and the Voting Phase starts. Make sure you use this time to optimize your entry based on feedback! — For projects who didn’t make the selection - The increase in submissions required more stringent selection criteria to ensure the best projects rise to the top and gain valuable feedback and expert advice from the Stellar community at large. If you didn’t make the cut, chances are your application didn’t quite fit these criteria . But don’t give up! Take a closer look at the info below, use it to improve your submission, and you can apply again later this year. As part of an objective review, the panel selected candidates by asking the following questions: Does the submission… Adhere by the participant eligibility guidelines?, Provide sufficient information with enough clarity to allow for review?, Incorporate use cases beneficial to the Stellar Ecosystem based on submission eligibility guidelines?, Request a reasonable budget according to budget guidelines?, (Plan to) use Stellar in its core features?, Explain how Stellar is and will be integrated?, Truthfully describe the product or service without overstatement or false claims?, For resubmitting projects: Has the entry sufficiently improved since the previous submission, as described in the resubmission guidelines?, Use cases that are primarily focused on promoting a custom token or relying on Stellar for arbitrary data storage generally don’t make the cut. Submissions that incorporate NFTs into a project or platform qualify, but those that primarily consist of minting NFTs or NFT Collections are not eligible.Also, projects need to be directly built on and make use of the Stellar network in their core operations. — Upcoming changes - To grow the SCF at scale, we will introduce multiple opportunities to get selected as a candidate before live SCF rounds begin. Applicants will fill out a shorter application, and a selection panel consisting of verified members will review incoming submissions periodically. This means that applicants will spend less time submitting, know answers sooner, and have more chances to improve their submission before SCF rounds. Selected candidates will earn a place on the SCF website and on the Stellar.org “Built on Stellar” page, will continue to have a dedicated channel in the SCF Discord, and will enjoy potential opportunities including brand presence in the Stellar ecosystem and community, 1:1 meetings with SDF teams, and future growth through partnerships, investments, and accelerators and incubators. Based on community feedback, we’re also working towards other strategic changes to improve the SCF, including more transparent communication and guidelines to prepare for submission. Stay tuned! SCF #10 — Community Discussion begins! was originally published in Stellar Community on Medium, where people are continuing the conversation by highlighting and responding to this story.




Help! I forgot my Stellar memo.

“I recently sent XLM to an exchange. My transaction is confirmed on the blockchain, but it hasn’t shown up in my exchange account. Can you help?” Does this sound familiar? Well if so, don’t worry. You may have forgotten to fill out the memo field in your transaction, or you may have accidentally included an incorrect memo. In this article, I’m going to walk you step-by-step through the process of reclaiming your XLM and warning you of some pitfalls that you can easily avoid. Then, we’re going to look at why and how exchanges use memos and a solution to get rid of memos in exchange transactions that’s been available since July 2020. Let’s jump on in! — What if I forget the Memo? - If you are making an ‘everyday’ transaction on the Stellar network using a popular Stellar wallet, forgetting the memo is no big deal; it’s optional. However, if you are sending (depositing) lumens to an exchange, forgetting the memo will generally lead to your exchange account not being credited with lumens. If this happens, it’s important that you contact the exchange you sent lumens to — SDF can not help you recover your lumens. I suggest finding your transaction using the Payment Locator on Stellar.Expert and getting as many details as you can regarding the transaction. Reach out to the exchange’s support team with the transaction details, let them know that you forgot the memo, and see what they can do to help you identify your transaction. Going forward, make sure to (1) review the address you’re sending to, (2) verify if you need to provide a memo, and (3) check that you provide an appropriate fee. You should only send transactions after you have double checked all of this information and verified that it is correct. Remember, it’s never a bad idea to try sending a small amount of an asset before making any major transaction. Also, I recommend not sending transactions directly between two exchanges. First, send your transaction to a public address you own. Then, send it from there to the exchange you want to deposit on. This will help you to avoid what I call Lumen Limbo. What’s Lumen Limbo, you may ask? Well, let’s say you send a transaction without a memo, and you contact the exchange as suggested above. They respond that they’ve found your transaction, but their policy doesn’t allow them to credit your account with the XLM. They can only send the XLM back to the account that sent it to them, and they won’t include a memo. Well, if you used an exchange to send the XLM, that address is going to require a memo for it to be credited to your account. Then, you reach out to the exchange they sent the transaction back to, and they send it back to the other exchange without a memo, and now, you’re stuck in Lumen Limbo forever bouncing memo-less transactions between two exchanges! — How Do Exchanges Use Memos? - Many custodial exchanges don’t create an individual Stellar wallet for every user that signs up on their platform. Instead, they use one wallet that serves X amount of users. An example would be that users are divided into groups of 50 with each group sharing a wallet. You might assume that 50 users sharing one wallet would become very cluttered — memos provide a solution. Memos allow exchanges to easily keep track of a particular user’s balance by assigning each user a specific memo to provide with their transactions. To explain this further, I’ll show how a couple of popular custodial exchanges let users deposit / receive lumens. You can see in the images provided, popular exchanges try to help you understand that a memo is required before you begin your deposit. The final step in each image shows the memo field that should be copied and provided with the transaction being sent. Each also provides the option of using a QR code which will automatically include the required memo. Other exchanges implement similar mechanisms for providing memos and it’s best to double check with your exchange of choice. The provided memo is significant because it separates your transactions from the others in the shared wallet. If you do not provide this memo with your transaction, it’s like sending cash to your bank without telling them which account to deposit it to. — What is a Memo? - The usual transaction flow for cryptocurrencies such as Bitcoin goes as follows: Type in receiving address, specify amount to be sent along with fees, click send. Stellar introduces an optional step to this transaction flow called a memo. A memo is a data field for including information associated with a transaction. Memos can be one of the following types: MEMO_TEXT : A string encoded using either ASCII or UTF-8, up to 28-bytes long. MEMO_ID : A 64 bit unsigned integer. MEMO_HASH : A 32 byte hash. MEMO_RETURN : A 32 byte hash intended to be interpreted as the hash of the transaction the sender is refunding. It’s up to developers to determine the best use for the memo field in their software. SDF does not recommend a specific use-case for memos. Besides exchanges using them to identify deposits, some users use memos to denote what a transaction was for or as a “Thank You”. Others use memos in more experimental ways. One potential use case, presented by StellarGuard, is using memos to send private transaction data. Using different encryption methods combined with memos could allow exchanges or financial services to provide more security for their users when data needs to be associated with a transaction. — Custodial Exchanges — time to ditch the memo? - As Stellar grows and more people are looking to move their assets around, the frequency of memo support questions and issues have grown. Even people who are familiar with “memo deposits” still mess them up from time to time. Luckily, there’s a (memo-less) solution built into Stellar! Instead of using memos for deposits, custodial exchanges can just utilize muxed (or multiplexed) accounts on Stellar. A muxed account is an account that exists “virtually” under a traditional Stellar account address. It combines the familiar GABC… address with a 64-bit integer ID and can be used to distinguish multiple “virtual” accounts that share an underlying “real” account. If your application supports Stellar, we highly recommend supporting muxed accounts. You can learn more about them here. Help! I forgot my Stellar memo. was originally published in Stellar Community on Medium, where people are continuing the conversation by highlighting and responding to this story.




Build your Track Record in the Stellar Ecosystem

The submission deadline for the 10th round of the Stellar Community Fund (SCF) is coming up on the 29th (we recently extended it with a week!). If you’re thinking about submitting a Stellar-based project, now is the time! The next selection phase isn’t for another five months. Need a few more days to wrap up your submission? No problem — reach out and we can most likely accommodate. I know some of you are hesitant to submit your projects to this round of SCF because they might not be completely built out. My advice to you is to submit them anyway! And here’s why: It’s the talented people like you behind a project that matters the most, Submitting projects early on opens the door to the Stellar community and ecosystem and gives you something to build off of, During my time heading the SCF, I’ve had the chance to speak with many investors and stakeholders in the blockchain space. One of the most common sentiments is how vital talent is when making an investment decision. Their reasoning? It’s the people behind the product that truly bring success. Many first-time entrepreneurs thinking about submitting to the SCF fear their project is not developed enough. They’re (former) students, job switchers, and developers with excellent skills and ideas but little history in the space and market. However, it is the talent of these individuals that truly drives progress. This National Bureau of Economic Research paper says it perfectly: “skill is an important determinant of success for entrepreneurial startups.” The paper also mentions that entrepreneurs with a good track record are more likely to succeed. To create this history of achievement, you can submit projects to SCF more than once. A common path is to apply initially and ask for a small budget just to get your foot in the door. It’s easy for verified members to approve a solid, small-budget project. Then, after being granted this visibility and community, you can submit your project again and ask for a larger budget.Use SCF to build your track record in the ecosystem and let the community know you’re here to stay. At the Stellar Development Foundation, we focus on accessibility and this is felt across all our initiatives, including our grant programs. SCF is open and accessible to a wide variety of Stellar-based projects, whether you’re building a helpful developer tool, community initiative, or full-fledged business ready to scale. SCF isn’t just a one-stop-shop to get some funding and be on your way, but it’s a place to grow your project and presence in the ecosystem. If you’re still unsure if you want to submit, remember: You can get in early and start small in the SCF with manageable goals, Regardless of winning, you’ll connect with the community (find a buddy, listen to experts in the field, work with partners) and prove you’re committed to growing your project by achieving your goals, Apply again next round with additional funding and greater goals!, I hope to see your SCF submission soon! Questions? Reach out to us on Discord and connect with the community or send an email to communityfund@stellar.org Build your Track Record in the Stellar Ecosystem was originally published in Stellar Community on Medium, where people are continuing the conversation by highlighting and responding to this story.




Hot Potato — Having fun on the Stellar Blockchain

Photo by Franco Antonio Giovanella on Unsplash — Hot Potato — Having fun on the Stellar Blockchain - “You’re going to another competition after this one? ” — asked a girl I met at a Philosophy competition.“Yes, this will be a wild weekend. ” — I said And it was. Not just a weekend, but it took several weeks. I’ve never learned when is a good time to launch a project. Not just launch, but promote it too. This time I decided why not. What do I have to lose? — Stellar NFT Hackathon - After studying a philosophy book for the entire day, and shorting out my brain’s RAM memory from learning about a ton of philosophers, I needed a break. Luckily for the past couple of days, a few of my friends from the Stellar Community asked me if I’d join the SXSW Stellar hackathon. People were also posting about it on Twitter and Reddit Perhaps the universe was tempting me to do this hackathon. Or not? Maybe it was predetermined. Oh no, philosophical concepts are leaking in this blog. Leave! It was a hybrid hackathon. Most of us were online and even without physical presence, I had fun interacting with the community via Discord. Due to their short timeframe, hackathon participants are known to sleep on the desks where they are working. Since I was at home, I could work on the hackathon and sleep in my own bed instead of a desk, getting the best of both worlds. By the way, did I mention that I have an in-house video production team as well? The event started with a workshop by the legendary mentor for all things related stellar, Tyler van der Hoeven. We got basic information on how we can code our NFT by chaining operations together. I had participated in a Stellar hackathon previously and this was fun to watch in the background. medium.com Once the event started, the hacking began too. For this hackathon, I had an idea to replicate a children’s game. You can probably guess what it is, it involves potatoes. Once I settled on an idea, I started coding. Coding a contract is easy. 🥳 Figuring out why your promises aren’t working, especially when StackOverflow is down, isn’t. 🫠 Writing quick dirty HTML and JS code is easy. 🤩 Deciphering what you wrote two hours later is not fun. 🙃 Write comments, kids. But there was one thing that all entries must-have, a demo video. One thing that separates home video and professional video is creative freedom. Everyone at my house took part in the filming process, from designing costumes to rendering digital files. I had a blast scouting for music and catching potatoes together with my family. I can confidently say we made the best video we’ve ever shot. But the most crucial ingredient for a successful video is my brother. It wouldn’t have been as entertaining without him. 😉 No potatoes were harmed during the filming of the video. 🥔 medium.com The deadline was very close, and we barely made it in time to submit everything at the last minute. From here, we started playing a new game — the waiting game. So we waited and waited. We discussed the potential victors, and we explored some of the GitHub repos. We were increasingly curious about who the winner was. It was getting late and we were almost asleep when this message awoke us. So my family and I gathered in the bedroom and streamed the video on the TV. We listened to the finalists and winners carefully. We needed to rewind to make sure we heard right. Hot Potato got 3rd prize in the Stellar NFT Hackathon! medium.com That night I was so happy, I could not sleep. A couple of days later, when I was sharing my Devpost entry, this was one of the replies: When we showed the video to friends and relatives, they loved my brother in different costumes, playing with a potato. Hearing the same thing from someone on the internet made our day. — How does Hot Potato work? - In real life, Players pass an object, which is a potato, and they have to give it to someone else. If the person doesn’t pass the potato quickly enough, or they drop it, they lose and so the game repeats On the blockchain, a person cannot drop a potato. They can only transfer it to a different person. But that seemed dull, so I came up with another condition. The person has only 24 hours to complete the transaction. Hot Potato requires two crucial components of the Stellar Blockchain. A Decentralized Exchange or DEX for short, and Clawbacks. So how does it work? First, it queries the DEX to verify the existence of our Hot Potato. There are two possible scenarios for this. If an asset doesn’t exist on the blockchain, the game hasn’t started. In that case, we will issue the potato and start the game. By default, Stellar Assets stay on the account unless clawback is enabled. Clawbacks are needed to remove the potato from the game when the timer expires. We will also limit the asset to only being traded. By using trades, I can easily follow where the potato has gone. To make the contract faster. I’ve also encoded the holder’s public key into a data field. Now that we have covered what happens when an asset does not exist, we will move to what happens when a potato is on the blockchain. We fetch the Issuer’s account and look up the currentAccount. There are two requirements I added. The first one is to find the unique trade of the mentioned user and verify that the transaction didn’t take more than 24 hours. The last one is to prove that the destination address hasn’t received the potato. It does that by recursively looping through each trade and performing a check on the asset. If it’s our hot potato, the function stops and returns true, causing the contract to terminate. If all those checks are satisfied, an XDR gets generated via an API endpoint. The only parameters are the person who possesses the potato and the destination public key. But let’s face it? Who uses curl + REST API calls to interact with a website? Nobody. I connected the API to a simple website that queries the trades to show the timeline of how the potato has moved. A timer showcasing how much time is left and a simple input box that interacts with Albedo. Albedo is a web wallet that allows interactions with the Stellar Blockchain. The contract and its static resources get served via a fastify server. The frontend doesn’t use any fancy JS frameworks, and it’s mostly document.querySelectors connected with fetch that modify the DOM. — Why did you stay on Stellar and not move to another blockchain? - One of the most obvious answers that you might assume is I was lazy, and I’ve had most of the code written, so all I had to do was polish it. Well, you’re right on that part, but also, not the only reason why I stayed. Let’s consider the prices for deploying a contract on Ethereum. I will base it on this tweet which raised a heated discussion on Hacker News. But depending on some requirements it can get up to 5000$.  — @eric_khun In comparison, launching Hot Potato at the time of writing was 0.30 cents. The only cost was creating an asset on the blockchain. The domain name, hosting, DNS, and analytics are on a free tier. Thank you, Stellar, for saving me around 500$ for deploying a contract. Let’s consider one more factor, the fees. When I was writing this blog post, the cost for executing a transaction on Ethereum was the following: In comparison, the fees for my contract ranged from: 0.0001 XLM to 0.002146 XLM which in USD ranges from: 0,000020$ — 0004292$. Who would be playing a game like that, when $3 goes towards fees? Would you play Chess if each move cost you $3? Lastly, I do not know how to deploy or write contracts for Ethereum, or any other blockchains. Writing contracts to interact with the Stellar Blockchain is like building a house out of legos. You have these basic blocks called operations, and with them, you can create anything you want. Hot Potato’s main contract consists of 10 operations. — An adventure begins! - My original plan for launching Hot Potato included launching on April First, but something else happened that day, and I forgot to do that.Preview of the canvas on r/place Reddit launched r/place, where each person was limited to placing one pixel in 5 minutes. It would have also been a bad timing to launch it when everyone was distracted. So I waited. Hot Potato officially began on the 2nd of April, 18:22:23 UTC. It would start its journey from Skopje, North Macedonia, and travel via the internet 9004 km in a couple of seconds, settling in Florida. After arriving in Florida, it started a solo adventure around the world. I loved Hot Potato’s diary entries from France. Not only did the potato explore the country, but it also experienced a new culture, met new friends, and tasted lovely cuisine. It also got into trouble, ouch.  — @MatejMecka  — @vinamo_ It was also fun watching all the memes and jokes others created while waiting for the next pass. It made the time pass quicker.  — @YavuzAyral While Hot Potato was running, people recognized me as the person with the potato NFT. What a fun way to be remembered, Mission Successful! The best fun I’ve had was solving spintax’s puzzle for the potato. It was a fun challenge, and this was one of the most clever ways I’ve seen so far for someone to pass a potato.  — @spintax2 I laughed the most at when one of the holders decided, rather than searching for someone to pass the potato to, they created a website where a person can input their public key and receive a page where they can confirm the acceptance of the potato. The website is so simple and beautiful, and I was surprised someone took the time for this. How do you recognize an extrovert over an introvert? An extrovert would message his friends to claim a potato. An introvert would create a website for someone to claim it. One other thing I found fascinating was the following Reddit post about Hot Potato, and I’m thankful for the kind words by the author. medium.com The craziest thing of all was when I went to sleep and opened Twitter. When you have 12 new notifications, you would probably assume you became a meme. Or something has gone wrong.  — @StellarOrg I was shocked, I couldn’t believe it. Stellar tweeted about my project. Of all the things, this was the least I expected. My Twitter notifications during the day are silent. I was surprised to see all the traffic coming from that tweet. Cloudflare showed 343 unique visitors, with visitors from all around the world. Sadly all things have to come to an end. That was inevitable. But we had fun, didn’t we? The first round of hot potato lasted for two weeks. In those two weeks, we’ve met so many new friends, explored a variety of countries, and traveled the world. Hot Potato has met 22 new different people from the Stellar Community. You can say that the goal of Hot Potato was to bring us closer together. Hot Potato traveled around the world between two continents, and it explored eight countries in total. Most of the players resided in the United States. Germany was the second closest. Hot Potato also learned a couple of phrases from each country it visited. I believe those were: 🇩🇪 Vielen Dank, dass Sie mich hosten! 🇫🇷 Merci de me recevoir! 🇸🇪 Tack för att du är värd för mig! 🇳🇱 Bedankt voor het hosten van mij! 🇧🇷 Obrigado por me hospedar 🇺🇸 & 🇨🇦 Thank you for hosting me! 🇲🇰 Ви благодарам што ме угостивте! Here are some photos of the potato while it traveled the world. Can you guess the location of each? If you recognize these photos, they’re some of the NFTs I made for the participants. Thank you all for playing the first iteration of Hot Potato! Catch you in the next one? Possibly Soon 👀 — Conclusion - Thanks to everyone who participated in passing the Hot Potato. Everyone who gave feedback and offered to help, including reporting bugs. Hot Potato would not have evolved or improved without you. I would also like to give a special thanks to my parents and little brother, who helped develop the video, supported me through every step, and celebrated every milestone we achieved. I’d like to also give a special thank you to the Stellar Development Foundation for organizing this hackathon, allowing us the opportunity to have fun, and for helping promote my project :) Hot Potato is an Open Source project with the MIT License. You can check it out on GitHub I hope to see you all soon, maybe at the next hackathon! Hot Potato — Having fun on the Stellar Blockchain was originally published in Stellar Community on Medium, where people are continuing the conversation by highlighting and responding to this story.




How Arf helps increase remittance flows by using the Stellar network

Remittance flows are one of the strong determinants of the overall economic health of low and middle-income countries, as they make up a significant part of financial inflows. Today, 800 million people are dependent on remittances to sustain their livelihood globally. Their vital importance is undebatable. However, remittance companies are bound to use today’s correspondent banking model, where one ‘correspondent’ bank holds deposits owned by other ‘respondent’ banks and provides payment and other services to those respondents. Although this model has been an essential component of the international payments industry, it doesn’t comply with today’s fast-paced nature of cross-border payments, global trade, and e-commerce. In correspondent banking, the only way to achieve instant transactions as needed is that the traditional payments industry players prefund their treasuries locally with their partners. Today, $4 trillion USD is locked in prefunding at any given time since regulators mostly prohibit the funds to be used for purposes other than its intended activity. In the current financial system, prefunding operates as a ‘patch’ to overcome the shortcomings of the correspondent banking networks and settlement speed varies from 1–7 days. However, prefunding creates even more problems in the system as it entails high capital requirements, high FX exposure, and increased financial and treasury operations because cross-border payments are dependent on the networks such as SWIFT. Especially when there are long settlement cycles, prefunded capital acts as a barrier to growth in volume and to new corridors. — Arf comes up with a simple but cutting-edge solution to solve the need for prefunding in cross-border money transactions. - Together with Stellar, Arf brings an opportunity for licensed money service businesses (MSBs) and international money transfer operators (MTOs) worldwide to free themselves from high-capital prefunding requirements and conveniently build cross-border payment corridors. By leveraging stablecoins and allowing instant stablecoin settlements across multiple channels, including real-time transfers to bank accounts, e-wallets, and cash pickup points, Arf enables MSBs to build API-based cross-border financial operations and treasury management. Arf provides “global treasury accounts” on stablecoins along with its cross-border instant settlement network to minimize the prefunding need in each corridor partner’s bank account. With the combination of both, an MSB can send and receive payments from other MSBs in the network and hold its treasury denominated in USDC. On average, the prefunding need per corridor goes from 50% to 80% if the number of corridors utilized multiplies per MSB. Moreover, Arf recently launched Arf Credit, providing API-based, transactional, short-term working capital credit line to MSBs and reduce prefunding requirements in its network down to zero percent. Another benefit of using Arf Network is significantly lowering FX exposure with instant settlements by providing API-based, real-time, and local FX rates. An estimated 1/3 of managed prefunding in local currencies in a year is lost due to currency fluctuations, lack of real-time FX services, or regulations that prohibit holding prefunding in foreign currencies (depending on the country.) For this to work, Arf handles all the legal and compliance aspects, pricing, and FX via its API and dashboard. This way, MSBs as part of Arf Network from all around the world continue business as usual in fiat while settling between themselves in USDC. The key differences between Arf and other fiat or crypto-based networks are: Arf provides a fully compliant network., Any member can connect to all corridors inside Arf Network via a single API and a single Agreement., First and last miles can be in fiat so end-users and businesses don’t have to understand the concept of stablecoins or blockchain., Value (money) is settled instantly along with the payment and compliance information., Arf works only with attested, audited, fiat-backed stablecoins which are always 1:1 in value, like USDC., Arf Network Flow of Funds Arf is positioned as a stablecoin treasury provider to licensed financial institutions (FIs) and money service businesses (MSBs) along with its instant local settlement network. With the support of the Stellar Development Foundation (SDF), Arf helps MSBs to easily connect to each other, allowing them to significantly reduce the overhead of implementing APIs by leveraging Stellar Protocols as a standard for blockchain transactions. In addition to the treasury services, Arf provides MSBs cutting-edge financial instruments via 1:1 fiat-backed stablecoins, such as transactional credit line, and compliant DeFi high-yield accounts. As of March 2022, Arf is live in more than 60 countries including the US, UK, Singapore, and China, with more than 150 MSBs in the pipeline. — How Arf made payments simple and easy for remittance companies - Demand for money transfers increased from Europe to the Philippines. As of 2020, remittance flows reportedly made up almost 10% of the Philippines’ GDP, indicating an opportunity to enhance the experience for both sides of money transfers. As a result, digital MSB based in Europe and Arf launched a payment corridor between Europe and the Philippines. — Case Study - A babysitter living in Europe downloads the remittance app, approves the quote, and instantly sends the money back to her family in the Philippines. In the background of this transaction, the app sends the required amount of euros to the ‘global treasury account’ provided by Arf. This amount is transferred to an Arf Network Member in the Philippines through Arf’s stablecoin infrastructure. The member instantly pays out the money in Philippine pesos by using its own payout channels such as bank accounts, e-wallets, and cash pickup points. End-users and businesses never have to understand or deal with any stablecoins, as the payout always happens in fiat. The transaction, including the USDC amount, FX, and KYC information flows, is seamlessly orchestrated by Arf’s technology. It only takes a few minutes for the transaction to settle in the beneficiary’s local account. In this way, the remittance company keeps the treasury in the global treasury account to make instant payments, minimizing its financial operations and regular capital requirement. Most importantly, the same account can be used for all of the corridors and payout channels supported by Arf Network without additional effort. Download the case study. About Arf: Arf, a VISA Innovation Program company, built a global payment network enabling instant and fully compliant fiat-to-fiat cross-border payments by leveraging regulated stablecoins for licensed money service businesses (MSBs), especially e-wallets, neobanks, FX providers, digital remittance companies, and payment companies. Arf enables MSBs to build API-based cross-border financial operations and treasury management. arf.one How Arf helps increase remittance flows by using the Stellar network was originally published in Stellar Community on Medium, where people are continuing the conversation by highlighting and responding to this story.




Best Practices for Creating NFTs on Stellar

Stellar provides an environment to trade any assets with fast and virtually-free transactions. Coupled with the ability to issue capped and non-fractional units of an asset, these properties make Stellar an ideal blockchain for issuing Non-Fungible Tokens (NFTs). Many creators and NFT artists have now discovered the benefits of creating and trading NFTs on Stellar. The Litemint NFT marketplace on Stellar provides a stats page showing monthly NFT sales volume, top sales, unique items, creators. There are different ways to create NFTs on Stellar, and even more ways to store and address large amounts of data for these NFTs. This guide is about how to use Stellar to create NFTs that can stand the test of time while maximizing interoperability with the Stellar ecosystem services and wallets. 💡 NOTE The best practices described below have been developed and used to issue thousands of future-proof NFTs for artists on the Litemint marketplace. These NFTs are compatible with all Stellar wallets and are traded on the Stellar Decentralized Exchange (SDEX). 💡 NOTE #2 Back in Meridian 2021, the Stellar Development Foundation hosted its first-ever docsprint, including an NFT competition to design the very first #StellarDev NFT badge. — Use decentralized storage - As an NFT issuer, you should think carefully about how to store your NFT metadata. Using decentralized storage is a strong requirement for future-proofing your NFTs. ❌ Storing the data on-chain can be very costly and is not currently scalable on Stellar. Although it can be viable for some use cases (e.g. storing small images — NFTs from StellarQuest have successfully used this approach), it is not recommended for general use cases. ✔️ Follow the guidelines developed by Protocol Labs for storing data on the InterPlanetary File System (IPFS) and addressing NFT data with Multiformats Content Identifier (CID) specification. The IPFS protocol is broadly used in the NFT industry and its adoption is fast growing with IPFS-based decentralized storage services like web3.storage and nft.storage. 💡 PRO TIP There are several free services for IPFS, you can create an account with web3.storage, they currently offer 1TB of IPFS storage for free. 💡 PRO TIP You can find more details on the ipfs.io website including advanced instructions to upload data to IPFS with filenames preservation. — Create a metadata file - NFTs can represent ownership for anything. A metadata file is a must to provide extra information about your NFTs, for example: description, image, video, audio, name, title, terms, circular reference to the on-chain asset can be specified with metadata. Battle-tested and practical standards have been specified for creating metadata files on Ethereum with ERC-721 tokens. Follow these standards for creating your metadata files for Stellar NFTs. Here is an example of a JSON metadata file for an NFT on Stellar, with the image field containing the canonical form of link to NFT data on IPFS:{ "name":"Stellar Punk 0100", "description":"just came back from the Moon.. it's a temple to our Sun… hand drawn xlm network moon punks are here! always 1/1 animated edition", "image":"ipfs://QmZM3EYeamVihFFVd5kZmG35ua19DcKT4gNh4aofaPQ2H6", "code":"sPUNK", "issuer":"GC64XYMQAF43THY3DSGYW7X4TA322HP3XHOQKA4FAI2736HDADTHVF2O", } 💡 PRO TIP Technically, ERC-721 makes all fields optional by allowing empty values. Thus, you are practically free to use any field name to best describe your NFTs. Issuers can optionally publish a JSON schema to help clients validate the NFT metadata file structure (document contract). — Link your asset to metadata - ipfshash is a common naming convention by contracts on Ethereum or APIs (e.g. Pinata) to refer to the data CID. Use it for naming the data entry on your NFT issuer account. Learn how to use ManageData to set data entries on Stellar accounts. 💡 PRO TIP Litemint looks up the ipfshash data entry against the NFT issuer account to discover images, video, audio, full descriptions, and other properties so that your assets can seamlessly benefit from using the same naming convention. — Setup a TOML file - Setting up a TOML file provides immediate interoperability with all services and wallets on the Stellar ecosystem. It is highly recommended that all assets you issue on Stellar, NFTs or not, follow the SEP-0001 protocol standard to provide a valid stellar.toml file. Another incentive behind setting up a stellar.toml file for your NFTs is that, because it is trivial and costless to issue assets on Stellar, most Stellar ecosystem services and wallets tend to discard TOML-less assets and/or flag them as spam. Ensure you maximize interoperability with as many services as possible on Stellar. Here is an example stellar.toml file for an NFT:[DOCUMENTATION] ORG_URL="<ink.litemint.store>"[[CURRENCIES]] code="sPUNK" issuer="GAKZGD5BFXZ7P7P45WHTM6DODMOEWWJUSCAIPGYIVIPYQSVR6MM6YR7M" display_decimals=7 name="Stellar Punk 0100" desc="just came back from the Moon.. it's a temple to our Sun… hand drawn xlm network moon punks are here! always 1/1 animated edition" image="<ipfs1.litemint.com>" fixed_number=1 💡 PRO TIP It is a good idea to not directly link your image to the default ipfs.io gateway in your TOML, as the gateway is slow and rate limited. 💡 PRO TIP Provide an optimized version of the art if needed to allow fast-loading from services and wallets on Stellar. You should also configure your issuing account’s homeDomain field via setOptions to reference your TOML file’s domain so that others know where to look. — Use the stroop - In order to implement non-fractional assets, it is necessary to use the smallest, indivisible amount available to send, receive, and trade assets on Stellar as units. The smallest amount for an asset issued on Stellar is called a stroop, which is equal to one ten-millionth or 0.0000001 of a Stellar lumen (XLM). Therefore, to issue one NFT, you would issue 0.0000001 of an XLM on Stellar. 💡 PRO TIP Such small amounts may cause issues on the Stellar DEX because Core internally uses INT32 for the fractional representation of prices, and the INT32 type can only store values between -2,147,483,648 to 2,147,483,647 (inclusive). There are solutions to bypass these limitations, one of which is described in this blog entry by Litemint. — 🔒 Freeze your NFT account! - Put simply, without immutability, assets on Stellar are not NFTs. Freezing the NFT issuer account is key to provide immutability for the above setup: It prevents accounts from issuing additional units of the token., It prevents data entries from being modified., It prevents the merge operation allowing for accounts to be recreated., It prevents revocation of ownership (the Authorization Immutable flag could also be used, but alone, it would not prevent the other points above)., By default (i.e. without multisig setup), to freeze an account, you would set its master key weight to zero. In order to do so, you can use the setOptions operation. 🚨 Since freezing is an irreversible process, make sure that you only freeze your NFT account and not your wallet. 💡 PRO TIP To prevent any issues with existing user accounts, the Litemint Create Tool generates new random accounts on-the-fly during the NFT minting process. These accounts are funded and frozen at once in a single transaction (5 operations), so there is no risk for users (besides losing the 1.5 XLM reserve and fees). Here is an example of such a transaction. 💡 PRO TIP Some use cases may require the option to unfreeze an account at a future date. This can be done on Stellar via a pre-auth transaction with setOptions masterWeight=1 along with timebound constraints and by setting the hash of that transaction as signer against the account prior to freezing it. — — - And there you have it! You’ve successfully minted an NFT on Stellar. If you want to learn more about minting an NFT through Litemint, our FAQs will help you get started. Want to continue the conversation and find other like-minded folks building on Stellar? Join the community on the Stellar Dev Discord and tune in on Thursday, February 24th 10am EST for the next Stellar Shop Talk session on NFTs! Best Practices for Creating NFTs on Stellar was originally published in Stellar Community on Medium, where people are continuing the conversation by highlighting and responding to this story.




  XLM NEWS


Stellar Price Moves To A Lower Level, Can The Bulls Defeat This Resistan...

    Stellar price has continued to travel south over the last 24 hours. On the last day, XLM lost more than 6% of its market value. Stellar has recorded positive price sentiment recently, owing to an update that spread optimism across the XLM community. In the latest update, Stellar users can now transfer USDC and Stellar Lumens via email. Despite the update, technical indicators have sided with the bears on the one-day chart. The buying power has fallen considerably, even though the number of buyers is greater compared to the number of sellers. In the last week, Stellar price went up close to 7%. However, at press time, the bulls look exhausted. The present support zone for XLM stands between $0.111 and $0.106, respectively. A fall from the $0.106 mark will lead the Stellar price to touch the $0.99 price mark. Broader market support will be necessary for most altcoins to recover. If buyers don't pick up momentum and XLM doesn't topple above the 20-SMA, then the altcoin is in for a further drop in price. Stellar Price Analysis: One Day Chart Stellar was priced at $0.112 on the one-day chart | Source: XLMUSD on TradingView XLM was trading at $0.112 at the time of writing. The coin could not hold onto its weekly gains and fell on its chart as a result of declining buying strength. It is important for the bulls to defend Stellar at the $0.111 level, else Stellar price could drop down to $0.106. Once the coin touches the $0.106 mark, it could also fall near the $0.99 level. Overhead ... read More



Biggest Movers: APE, XLM Move Close to 1-Month Highs

    Apecoin was up by over 13% on Tuesday, despite bearish sentiment remaining largely present in cryptocurrency markets. The token stayed close to a one-month high in today's session, despite current market turbulence. Stellar was also in the green, nearing a four-week peak.Apecoin (APE) Apecoin (APE) was one of Tuesday's big movers, with the token climbing by as much as 13% in today's session. Following a low of $5.12 to start the week, APE/USD surged to an intraday high of $6.12 earlier today. The move saw the coin climb past a key resistance level of $6.00, moving closer to a four-week high in the process. Earlier gains have somewhat eased, as the 14-day relative strength index (RSI) collided with what appeared to be a ceiling. As of writing, the index is tracking at 55.64, which is below its current resistance point of 58.50. It appears that earlier bulls have secured gains and closed positions, and could be waiting for tomorrow's rate decision to come, before potentially reentering the market. Stellar (XLM) Like apecoin, stellar (XLM) was also in the green in today's session, with bulls pushing it closer to a one-month high. On Tuesday, XLM/USD found itself trading at a high of $0.1158, less than 24 hours after hitting a low of $0.1047. As a result of today's rally, the token is now near a resistance point of $0.1160, which has been in place since August 19. In order to move beyond this point, XLM would likely need to see gains in the RSI which is currently being held up... read More



Stellar (XLM) Shows Strong Recovery From Recent Slide

    Stellar (XLM) has seen a stunning turnaround after the recent market downturn. However, following the announcement of the CPI report and corresponding fears of an interest rate hike, a sell-off ensued. The Donchian channel indicates that the average price of XLM is $0.1076 as of this writing. After a drop, the Awesome Indicator also gives off very strong bullish signs. This could signal a rebound. The XLM market has showed a spectacular recovery from the September 13 catastrophe, with prices climbing back above the $0.1004 support line that sustained the downturn from August 14 to September 6. At the 4-hour time mark, the coin is following an uptrend. Looking at the wider picture, however, we see that the upturn may be short-lived. Stellar Rally Gives Investors Some Confidence The XLM token closely tracks Bitcoin's price movements because the whole cryptocurrency market is modeled after it. The downward pressure of the triangle indicates that the coin's motion is heading in a downward direction. Price levels of support and resistance were calculated using the Fibonacci retracement tool. The bulls are attempting to leverage two supports located at $0.1023 and $0.1058. These two factors have bolstered traders' and investors' optimism, which has contributed to the price increase. The range of $0.1153 represents the resistance level. If price momentum overcomes this resistance, the price might rise to the $0.1234 region. This can be a strong purchase signal for investors and tra... read More



Stellar (XLM) Trading is Now Available on the Kinesis Exchange

    [PRESS RELEASE - London, United Kingdom, 1st July 2022] XLM, the 10th cryptocurrency listed, is now available to Kinesis users. XLM will be paired against 8 fiat pairs, including USD, GBP and EUR, as well as Kinesis' native stable coins based on physical gold (KAU) and silver (KAG) - enabling greater accessibility to the platform for cryptocurrency traders and investors. Alongside the existing pool of cryptocurrencies, XLM is spendable on the Kinesis Virtual Card - which allows users to spend their cryptocurrencies, gold or silver in real-time, globally. XLM’s listing was a natural choice, as Kinesis’ native digital gold and silver-based assets, KAU and KAG, are built on a fork of the Stellar blockchain. By leveraging the Stellar blockchain, Kinesis can deliver users faster, low-cost global remittances and instant payments in gold and silver via the Kinesis platform. Since its implementation in 2019, Stellar technology has allowed Kinesis users across the globe to instantly send and receive money using the stable value of physical gold and silver, while helping users to avoid the high costs and FX fees of traditional remittance provision. Jai Bifulco, Chief Commercial Officer at Kinesis, comments “Stellar’s addition to the Kinesis ecosystem is very welcome, as Kinesis has been a proud supporter of Stellar from its inception. With XLM listed on our platform, holders of stellar can now not only trade XLM but use the asset as a real-world currency. Additi... read More



Biggest Movers: WAVES up Over 120% in the Last Week, XLM Moves Towards 3...

    WAVES was once again higher on Friday, with prices now gaining by over 120% in the last seven days. While WAVES soared, XLM also had a stellar showing, as it moved closer to a three-week high on Friday. WAVES While crypto markets have been either falling or consolidating over the past week, WAVES has continued to surge, climbing by over 120% in that time. On Friday, prices rose for a seventh consecutive session, hitting an intraday peak of $10.47 in the process. This move comes as prices marginally passed resistance at $10.45, nearing their highest level since May 11 as a result. Looking at the chart, the 14-day RSI also broke out of its own ceiling, as it moved past the 43 level earlier in the day. As a result of this rise in momentum, the moving averages of 10 and 25 days now look set for an upwards cross, which could see prices climb even further. As of writing, gains in WAVES have somewhat eased since hitting earlier resistance, and the asset is currently trading at $10.08, which is still 5.32% higher than yesterday's top. Stellar (XLM) XLM was also trading higher on Friday, as prices moved closer to a multi-week peak heading into the weekend. Following a low of $0.1378 on Thursday, XLM/USD rose to an intraday high of $0.1504 earlier in today's session. This climb has pushed prices closer to Tuesday's peak of $0.1537, which is the most XLM has traded at since May 8. Friday's gain has also come just as the 10-day and 25-day moving averages have crossed upwards, which i... read More



MoneyGram to Partner With Stellar to Provide Stablecoin Remittances

    One of the largest money transfer services in the world - MoneyGram - plans to enable users to send stablecoins and convert them to fiat currency. The company will collaborate with Stellar Blockchain to execute the move. In addition, CEO Alex Holmes shared his optimistic view on the crypto industry, predicting it is 'here to stay and it's going to be here for a long time despite recent selloffs and volatility.' MoneyGram to Interact With Stablecoins In a recent interview for Bloomberg News, Holmes argued that cryptocurrencies and fiat are 'not really compatible today.' As such, one of MoneyGram's goals is to establish a bridge between the two. And while the company has already provided bitcoin services to clients, it is now eyeing stablecoins, too. Through a partnership with Stellar Blockchain, it is getting ready to enable users to conduct USDC remittances. Customers would also be able to cash out those holdings using MoneyGram's network. The CSO of Circle addressed concerns related to the recent crash of Terra's algorithmic stablecoin - UST - which was one of the top events in the cryptocurrency world this month. The asset lost its peg and is currently trading at around $0.03. Dante Disparte - CSO of Circle (the company that issues USDC) - assured that de-pegging is unlikely to occur because the stablecoin is fully backed by safe liquid assets: 'We're not taking the dollar and putting it in the reserves and then lending it out. Instead, the reserves are strictly cash and US... read More



Brazil's Largest Crypto Exchange Partners With Stellar To Work on ...

    On May 24, Mercado Bitcoin, the largest cryptocurrency and digital asset platform in Latin America, announced its partnership with the Stellar Development Foundation (SDF) to participate in the development of Brazil's CBDC. According to an official post share by the Stellar Foundation, Mercado Bitcoin will work on one of the nine projects promoted by the Laboratory of Financial and Technological Innovations of Brazil (LIFT), created to develop a 'minimum viable product (MVP)' for a CBDC that meets the goals of the Brazilian government. A 'Minimum Viable Product' is this case would be a CBDC solution functional enough to be satisfy the mimium requirements set by the Central Bank of Brazil, basically providing the best possbile product with the least possible effort. The project was supported by the Central Bank of Brazil (BC) and the National Federation of Central Bank Servers Associations (Fenasbac). In addition, all projects will focus on different use cases for the upcoming CBDC to be issued by the Central Bank of Brazil. Mercado Bitcoin expects to meet the Central Bank of Brazil's expectations. Reinaldo Rabelo, CEO of Mercado Bitcoin, said the company expects to build robust solutions using Stellar's blockchain technology. This should be enough to meet all the parameters required for the evaluation and future approval of the Brazilian CBDC. 'We are in a consortium of companies that have the structure and ambition to build robust solutions for the financial market through b... read More



Why Stellar And MoneyGram Teamed Up With Techstars To Improve Cross-Bord...

    The Stellar Development Foundation (SDF) and MoneyGram, the payment solution company, have partnered with Techstars. XLM Reacts To The Upside Specifically, the partners will focus on people trying to improve digital payments and blockchain technology. The objective is “streamline cross-border payments and support financial inclusion”, per a press release. Techstars is a company that, according to its website, provides access to capital, customers, talent, infrastructure, and mentorship. The company calls itself an “operational investor” created to support people on their entrepreneurial aspirations. Techstars has worked with ClassPass, DataRobot, DigitalOcean, and crypto-based companies, such as Chainalysis. Their partnership with Stellar and MoneyGram will target ways to remove friction from the process of transferring money in the Latin American region. The SDF explained: Each year for the next three years, the program will select a class of up to 12 fintech startups to participate in an immersive 13-week program where entrepreneurs will work with mentors from Techstars, the Stellar Development Foundation, and MoneyGram to solidify their value proposition and product-market-fit. Once the cohorts finish their program, they will have the opportunity to present their progress in front of the fintech community, the released said. Potential participants will be able to start sending applications as early as July 25, 2022, until October 12, 2022. Denelle D... read More



Celestials Stellar Club Announces NFT Collection Minting Date March 14 2...

    PRESS RELEASE. Looking for an exciting new NFT collection to be a part of? Look no further than Celestials Stellar Club. We are pleased to announce the public mint date of our first collection of 4,962 NFT exoplanets on the Ethereum blockchain will take place on March 14 2022. Celestials Stellar Club is more than just a NFT collection. It has quickly become a community of passionate crypto enthusiasts. Holders of the CSC NFT exoplanets receive perks both in the free multiplayer web space exploration game itself and also through future collections and upcoming airdrops. The discord group for CSC is a place to share your excitement and thoughts on the project and interact with others. Members can discuss things like floor price, nft rarity, memes, space exploration, and also stay up to date with project news, partnerships, and community perks. Details about the Celestial Stellars Club NFT collection – Exoplanets are backed by real NASA data sets! Be among the first to claim your mystery planet on the other side of the Universe! CelestialsClub.Space is a collection of 4,962 Exoplanets launched on the Ethereum blockchain. – Each planet includes real world data such as the actual age, mass, and other values that make up its composition. You can explore your NFT and others in the CSC spaceship metaverse game. – A hand crafted algorithm combined with each planet's characteristics give the exoplanets their rarity amongst others in the cosmos. Existing Partnership... read More



bitFlyer USA lists Polkadot (DOT), Tezos (XTZ), Basic Attention Token (B...

    bitFlyer, Japan's largest headquartered cryptocurrency exchange also licensed to operate in the US, EU, today announced the listing of 4 new crypto-assets for trading on bitFlyer USA. Starting today, Polkadot (DOT), Tezos (XTZ), Basic Attention Token (BAT), and Stellar (XLM) will be available for exchange. Further, bitFlyer USA customers will be able to deposit these new tokens to their accounts, transfer them to external wallets, and set up recurring purchases. Polkadot (DOT) Polkadot allows for the interconnection of multiple different blockchains. It was founded by the Web3 Foundation, which aims to develop a decentralized web. In addition to the central Relay Chain, Polkadot uses multiple parallel blockchains, called parachains, to provide interoperability that allows for the exchange of various types of data and value. Operating blockchains in parallel solves the scalability problem while also increasing safety by pooling the security functions of the parachains into the Relay Chain. Tezos (XTZ) Tezos is a decentralized, public blockchain and smart contract platform. Stakeholders of the Tezos network vote on amendments to the protocol to reach social consensus on proposals, creating a secure and organic upgrading mechanism. The protocol’s on-chain governance system, its consensus algorithm based on Proof-of-Stake(PoS), and its ability to facilitate formal verification of smart contracts, make Tezos an ideal solution for high-value financial applications. Basic Atte... read More



XLM Takes Off With 20% Gain, SDF CEO Outlines Drivers Which Could Fuel R...

    XLM has been following the general sentiment in the crypto market and records bullish momentum in lower timeframes. The cryptocurrency records high volatility in the past day, as the U.S. XLM Reacts To The Upside As of press time, XLM is trading at $0.23 with a 1.7% loss in the last 24 hours, a 3.2% and 22.6% profit in the last hour and 30 days, respectively. XLM moves to the upside on the daily chart. Source: XLMUSDT Tradingview Although XLM has been following the general market trend, it has been lagging when compared to Bitcoin, Ethereum, and other largest cryptocurrencies. Data from Material Indicators suggest the recent upside move to the upside was sold off by small investors. As the market approached the CPI print, investors with ask orders of up to $10,000 drove the price down, but bulls were quick at reverting the downside trend. This positive reaction suggests investors have already price-in inflation impact on the market, at least, for the short term. Bullish intraday reversal on the open. Market saying inflation doesn't matter for now any longer. — Alex Krüger (@krugermacro) February 10, 2022 Thus, XLM’s price and the crypto market could see an extended bullish trend. Additional data provided by Material Indicators shows that Stellar bounced back on critical support, as there was a cluster of bidding orders around today’s lows near $0.22. To the upside, $0.240 could operate as the next major resistance area, but bulls could breach thr... read More



Stellar To Deploy Smart Contracts By End Of 2022? XLM Reacts To The Upsi...

    Stellar (XLM) records a positive performance in 24-hours as the crypto market in general recovers from its sell-off. As of press time, XLM trades at $0.20 with a 4.8% profit in the last day. Related Reading | Stellar Development Foundation Launches New Account Model, How Users Will Benefit XLM trends to the upside in the 4-hour chart. Source: XLMUSDT Tradingview On January 25th, Stellar Development Foundation (SDF) Vice President of Technological Strategy Tomer Weller announced via Twitter the integration of smart contract on this network. With a tentative deployment date set by the end of 2022, this addition could transform XLM’s ecosystem and use cases. As Weller clarified, the SDF aims for a “feature-complete test network” for that period. However, he believes “the ecosystem” most decide when to roll-out smart contract capabilities on Stellar. Weller will host a Twitter Space today at 12:00 Pacific Time (PT) to provide more details. Weller said: Stellar enables equitable access to the financial system. DeFi is becoming a major part of that system. DeFi isn’t new to Stellar. It’s been core to the protocol with a built in DEX from the get go (before “DEX” was popularized), and AMM functionality became available in ‘21. The logical step of that development is to support the introduction smart contracts, Weller said, and take DeFi on Stellar to “the next level”. These capabilities could aid the network a... read More



Stellar Development Foundation Launches New Account Model, How Users Wil...

    Via an official blog post, the Stellar Development Foundation (SDF) announced a new account model called Muxed. Created to remove friction and facilitate user interaction with the account model based on this network, and the multiple services build on top of it, the Muxed accounts seem to be an important improvement for the entire ecosystem. According to the post, a Muxed account is one that combines the GABC and 64-bit integer ID to create a “virtual” account under a traditional address. Due to its characteristics, a muxed account can be identified within a real account. Thus, if there is a service or product using Stellar to pool multiple accounts, they can now manage them with more ease and will be able to eliminate burdensome issues, such as meme problems. The SDF has called on “products and services built on Stellar” to check if the validators are compatible with the new account model and asked them to “come up with a plan to implement” muxed accounts into their system. The organization said: Custodial services generally use muxed accounts to map incoming payments to an internal customer database. Businesses may use muxed accounts to map incoming payments to an invoice or customer account. Other characteristics for muxed accounts, as revealed by the SBF, are the differences in its encoding, they will be 69 characters long and not 56 as a traditional account, and in their base values. As a result, Muxed accounts will have M as their first character rather than... read More



Ukraine hryvnia pilot on Stellar launched by TASCOMBANK and Bitt

    Blockchain and fintech company Bitt and TASCOMBANK, one of Ukraine’s oldest commercial banks, have launched a pilot project to issue an electronic hryvnia on Stellar. As part of the pilot, the cross-company team will test the electronic hryvnia on the use cases of programmable payroll for public employees at Diia, an IT solutions enterprise, as well as for peer-to-peer payments and merchant payments. This project is being implemented under the supervision of the National Bank of Ukraine and with the support of the Ministry of Digital Transformation. Deputy Minister of Digital Transformation of Ukraine, Oleksandr Bornyakov, noted, “This pilot project will serve as a technological basis for the issuance of electronic money, and is the next key step to advance innovation of payment and financial infrastructure in Ukraine.” Cooperation with Bitt to build on Stellar allows us to connect our core banking system with blockchain-based infrastructure, creating an ecosystem that includes a full range of banking products and operations with electronic currency on the Stellar blockchain. Electronic currency paves the way to more sophisticated products in the virtual assets field that we are excited to explore. – TASCOMBANK Chairman of the Board, Volodymyr Dubey The objective of the project is to pilot the issuance of electronic money on an open blockchain with asset-control capabilities for issuers. TASCOMBANK will build and test the regulated electronic hryvnia... read More



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