When it comes to Stellar, you may not be familiar with it. As early as 2014 to 2015, Stellar pioneered the airdrop model. 95% of Stellar (the initial supply limit is 100 billion) were used for free distribution, and accumulated a large mass base worldwide. Not only that, its operating team also mobilized the stickiness of fans and earned the attention of the public through various promotional activities.
Project Introduction: Stellar is positioned as an open source protocol for value exchange. It is an improvement on the Ripple protocol, and its main areas are payment and settlement. It can connect 180 currencies in the world within 2-5 seconds, connecting banks, payment systems and the general public, reducing transaction costs and time delays caused by cross-border payments. Stellar's Genesis ledger has only one root account, with 100 billion coins on it and 1% issued every year. This is also the native currency in the Stellar system. 50% will be destroyed in 2019, and the current total is 50 billion, and there is no increase every year.
Founding team: Jed McCaleb and David Mazières worked together to create Stellar. Jed McCaleb was once a co-founder of Ripple and founded the Mt Gox exchange (currently closed), and was an early participant in virtual currencies. David Mazières is mainly responsible for the consensus protocol of the Stellar chain. Unlike some project teams, these two key figures do not seem to like arguing with people on social networks, and basically spend most of their time on research. In addition, its board members include former Square COO Keith Rabois, Stripe CEO Patrick Collison, and Dogecoin co-founder Jackson Palmer, etc.
Technical features: The performance of the nodes running on the Stellar network has been improved, and the node resource requirements are very low. The transaction time is less than 5 seconds and the fee is extremely low. There are no miners, no proof of work, no proof of equity (Pos), no 51% total, and excessive transaction fees.
Summary: The total amount of Stellar is 100 billion, the highest price is 6.6. Currently it is less than 0.5, and the market value has always been in the tenth place. The community consensus is strong. Although it is an old coin, there is still room for growth.
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