What is Stellar (XLM)?
Stellar is an open source blockchain payment system. The organisation's currency, which is called Lumen, trades under the symbol XLM. The Stellar blockchain network connects banks, payments systems and people to facilitate low-cost international transactions between any pair of currencies.
What does Stellar (XLM) solve?
The purpose of Stellar is to connect financial institutions via the blockchain and provide cheap cross-border payments solutions to developing markets.
With Stellar, you can create, send, and trade digital representations of all forms of money (fiat & crypto). Additionally, Stellar states on its website that it is designed for all the world’s financial systems to work together on a single network.
What’s coming up for Stellar?
Stellar has launched Litemint, a digital collectibles and NFT marketplace. Litemint offers relatively low cost minting and takes only a few seconds which is quicker compared to a majority of existing marketplaces. This is likely to incentivise creators to join Litemint and lift the demand for Stellar Network’s asset XLM.
Stellar (XLM) 3-month price chart from CoinMarketCap.
The Dacxi Blue Ocean Bundle
Dacxi’s Blue Ocean Bundle offers access to a collection of today’s most promising crypto currencies including Stellar. The Blue Ocean Bundle holds a curated range of coins, hand-picked as emerging leaders.
% increase in value of Dacxi Bundles if purchased on June 1, 2021
Watch Ian Lowe, CEO for Dacxi Australia and New Zealand discuss the latest Global Blockchain Survey by Deloitte and crypto's recent ascent to $3T in market cap.
How to buy Stellar (XLM) in Australia
You are able to buy Stellar through a trading account with Dacxi. If you haven’t opened an account with Dacxi, all you need to do to get started is to provide details and get your account verified. Account verification is typically completed in less than 5 minutes with your Australian ID.
You can deposit funds into your account via bank transfer and POLi Pay. Once your funds have been successfully deposited, you can start buying Stellar immediately. Simply enter the amount of Stellar you want to buy and tap the ‘Buy Stellar’ button to complete your Stellar purchase. Alternatively, if you would like to sell Stellar, you can do so by clicking the sell tab.
Dacxi lists a range of blue chip crypto and curated bundles with proven performance. You can use fiat currency or other cryptocurrency coins/tokens such as USDT to buy Stellar at the market price.
The Dacxi Advantage
Dacxi is a pioneer of digital assets and tokenisation. Dacxi’s proprietary technology and platform provides everyday investors with access to a carefully curated catalogue of investment opportunities, including select cryptocurrencies and bundles.
Dacxi’s catalogue also includes tokenised precious metals, one of the oldest asset classes in existence. Dacxi’s exchange provides individuals, Australian SMSFs and companies unprecedented access to build a portfolio of precious metals.