/biz/ - Business & Finance

[Anonymous No.6982872]

https://youtu.be/TfX37oWL8ZQ?t=265

>https://www.stellar.org/about/mandate/#Mission
>https://www.stellar.org/about/

Mission
>The mission of the Stellar Development Foundation (SDF) is to promote global financial access, literacy, and inclusion. SDF accomplishes this by expanding worldwide access to low-cost financial services through the development and maintenance of technology and partnerships.

>SDF’s vision is an open and affordable financial system where people of all income levels can access simple-to-use, secure, and low cost financial services. SDF also aims to empower developers with useful technology to create financial products and services for their communities.

>SDF — also known as Stellar.org — was incorporated in 2014 as a non-stock nonprofit corporation in the U.S. State of Delaware. SDF has no stock, no profits given to individuals, and no private inurement.

Lumen Distribution
>At the genesis of the Stellar Network, 100 billion lumens (XLM) were created as specified in the protocol. As part of its custodial mandate, SDF is entrusted to oversee that the vast majority, 95 billion, of the lumens are distributed to the world. SDF manages the execution of lumen distribution, with oversight and direction provided by SDF’s Expansion Board.
>50% for distribution via the Direct Sign-up Program
>25% for distribution via the Partnership Program
>20% for distribution via the Bitcoin Program
>5% held by SDF to support operational costs

Direct Sign-up Program
>We believe the Direct Sign-up Program will help us expand the reach of the network and, subsequently, help achieve our goal of building a more inclusive digital economy. Giving away free lumens is an invitation for communities to learn more about Stellar’s low cost infrastructure, learn more about digital financial assets, and design and build the financial services they need. The availability and active use of lumens on the network will increase the overall network’s utility.

[Anonymous No.6982913]

Direct Sign-up Program
>We believe the Direct Sign-up Program will help us expand the reach of the network and, subsequently, help achieve our goal of building a more inclusive digital economy. Giving away free lumens is an invitation for communities to learn more about Stellar’s low cost infrastructure, learn more about digital financial assets, and design and build the financial services they need. The availability and active use of lumens on the network will increase the overall network’s utility.

>The Direct Sign-up Program will be conducted in rounds and with a phased roll-out to encourage learning and public awareness throughout the distribution process. We will experiment with various ways to conduct distributions. Any initiative or scheme we implement to support this distribution will serve the implicit purpose of this program: to get a small amount of lumens in the hands of as many people as possible with the intention of promoting financial knowledge and access to financial services around the world.

To fund the rewards, 25% of the initial lumens will be set aside for grants to businesses, governments, institutions, or nonprofit organizations that contribute to the growth of the Stellar ecosystem. More specifically, the goal of the program is to reward institutions that contribute to the Stellar ecosystem in two core capacities:
>By being an early adopter and contributor to the Stellar ecosystem or;
>By extending the network’s reach to underserved or financially excluded populations

Unclaimed Lumens and Stellar Build Challenge
>Lumens that were not claimed by during the Bitcoin program are currently going to the Stellar Build Challenge and toward the operations of SDF. The Stellar Build Challenge rewards development, education, usage, and integrations in the Stellar ecosystem by awarding lumen to the creators of useful technologies, resources, and applications.

[Anonymous No.6982948]

Bitcoin Program
>SDF allocated 20% of the initial lumens to be distributed for free to holders of bitcoin and XRP (19% for bitcoin holders and 1% for XRP holders). The goal of this giveaway was to encourage bitcoin holders to explore and use Stellar, encourage exchanges to support lumen trading, promote the development of useful Stellar ecosystem technologies, and encourage Stellar integrations by financial institutions and service providers. With more people holding lumens and transacting on the network, the network itself will become more useful to those who build low-cost services on it.

>The Bitcoin Program was completed in two rounds: one round was completed in October 2016 and another was completed in August 2017. SDF does not intend to conduct another round of lumen distributions to bitcoin or XRP holders.

Held by Foundation
>In order to provide market stability to lumens, SDF founders and Stripe have voluntarily agreed not to sell any of the lumens initially received (either via employee grants in the case of the founders, or via repayment of the Stripe loan) for at least five years. However, Stripe may auction any of their lumens, provided the recipients also agree not to sell their lumens for five years, and net profits will be returned to the Foundation.

Inflation
>The Stellar Network has a built-in, fixed, nominal inflation mechanism. New lumens are added to the network at the rate of 1% each year. Each week, the protocol distributes these lumens to any account that gets over .05% of the “votes” from other accounts in the network.

The base fee functions as a deterrent: Though nominal, it discourages users with malicious intentions from flooding the network with transactions (otherwise known as a DoS attack). The base fee is currently set to .00001 XLM—a fraction of a fraction of a penny. The sender of the transaction incurs the fee. No one profits from the base fee.

[Anonymous No.6982979]

5 Things You Need To Know About Stellar Lumens According To IBM
IBM’s Michael Dowling, Group CTO and Chief Architect for Blockchain Financial Services, referred to in his Reddit post a month ago about their partnership with Stellar.

IBM and Stellar have a common purpose to fix a genuine problem and they are determined to stick together to make this happen
>The IBM/Stellar Universal Payment Solution represents a shift in the way traditional – and now non-traditional – financial institutions can send value around the world with as little fraction as legally possible….The folks at Stellar, like us, want to see the world move past the 40 + year old fragmented system that we all suffer in today, but move towards a system that is more fair and equitable for all. This partnership is not just long term – it’s tight. Stellar joined the Hyperledger Foundation in addition to partnering on this project. There are many upcoming projects coming up this year about to be announced.

Stellar Lumens (XLM / STR) is already active and being used in very practical ways. Volume will only increase as more partnerships are announced. Results will be seen very soon – Q1 2018.

>XLM, while relatively small today, is growing fast. More and more people are using Lumens and trading them actively. We have a strong desire (and requirement) to open the market for fiat to XLM at the institutional level. We have 1 major market maker right now, and 14 major institutions involved in direct or indirect capacity on the network. Starting in Q1 2018, you should see more of those institutions redirecting payment traffic on the network.
This major market maker is rumored to be Bank of America based on one of their websites mentioning XLM in the code before the page was promptly taken down.

It is steps ahead of Bitcoin as it is already compliant with regulations

It has a proven model unlike Ethereum as it already has the unique technology to issue any asset directly

[Anonymous No.6983001]

>A very unique capability with Stellar is the ability to issue an asset directly on the network, and specify how that asset is managed on the network and what nodes validate and confirm transactions. That means we can work with other parties – such as traditional fiat currency issuers (stay tuned) …Together with the technology developed at IBM, the ability to clear transactions with very fast settlement using Lumens was a no-brainer and a perfect match. Together, traditional and non-traditional financial institutions can settle using a cryptocurrency with those transactions directly tied to counter-terrorism financing, AML and KYC processes required by regulators around the world. Basically, it’s the missing piece those institutions need to move forward transacting with cryptocurrencies.

XLM allows for any financial instrument to be transferred as a type of ‘money’ to anyone in the world, for free, instantly, and in any currency. This is not just automation, it is revolutionary.

>XLM is one of the assets on Stellar. It’s also used to ‘pay’ for transactions on the network. So XLM has 1) value and 2) utility. There will be other assets. So, for example, let’s say that a fictional island nation called Stellarisle has a central bank, and that central bank wants to issue currency assets on Stellar. In that case, Stellar is used, and XLM is used to power those transactions for those assets, even though XLM isn’t directly used as the settlement mechanism. It doesn’t matter if XLM is the settlement mechanism. Rather what really matters is 1) the safest settlement mechanism is used for two transacting parties, and 2) XLM is still used even as a utility.

[Anonymous No.6983019]

Roadmap is live, the only people fud'ing it are 'le reddit' retards and people who bought in at ATH

https://www.stellar.org/blog/2018-Stellar-Roadmap/

Goal #1: SDEX – the Stellar Decentralized Exchange
This is our main product focus for 2018, and we’ll reveal further details on SDEX’s specific roadmap, brand, and leadership in the near future. SDEX will be the world-class front-end that our underlying technology has long deserved. It will enable on-chain, protocol-level trades for any Stellar token, and we will create liquidity to minimize spreads and maximize choice of assets. Specific niceties the SDEX implies: Day One trading for any Stellar ICO token, atomic pathfinding to discover the cheapest rates between any two assets, very low trading fees, end-user control of secret keys

For SDEX to compete with other major exchanges we will need to increase the quality and number of anchors and market-makers on our network. We continue to offer grants of up to $2M for partners in these areas. The Exchange also promotes our vision of moving more real-world assets on the blockchain. ICOs are already coming to Stellar because we’re cheap, scalable, and fast. See Mobius’s We Did It! announcement, posted just a few days ago, for their impression of our platform. In 2018, we will put significant energy into bringing a wider variety of financial instruments on to the network. SDEX will be the exchange of first resort for all Stellar tokens, and we foresee a future where, say, carbon credits, oil futures, and the latest digital asset are all traded together—cheaply and quickly.

[Anonymous No.6983047]

Secondary Product Objective: Better Ecosystem Support
We recognize that our platform is only as useful as the tools built on top of it. As noted, we’re seeing more interest in Stellar than ever before, from randos and !randos alike, and we want to make sure it’s easy for anyone to begin building on our network. We need a robust and informed community of developers and entrepreneurs alongside us to become a global financial protocol.

In 2018, we plan:better overall brand communication, more implementation walk-throughs to help people get going, better technical documentation, including release notes, continued improvement to our Horizon API and the surrounding SDKs. We will also continue to award lumens, via the Stellar Build Challenge, to people and businesses who contribute to our ecosystem.

Goal #2: Lightning Network on Stellar
Technology has always been the strongest part of the Stellar story, and we will make it even stronger in 2018. We’ve noted the market demand for more private channel transactions on Stellar, and we will integrate the Lightning Network in 2018. For those of you unfamiliar with Lightning, this Vice piece is a decent introduction: WTF is the Lightning Network and Will It Save Bitcoin? Of course, unlike Bitcoin, Stellar doesn’t need “saving” . . . we’re just going from a good place to an even better one.

Lightning will have a huge positive effect on Stellar’s long-term scalability and security. We’ve been aware of Lightning’s potential for Stellar for a while, and we’ve recently collaborated with Stellar advisor and Bitcoin Core developer Jeremy Rubin to optimize our implementation.

[Anonymous No.6983073]

Secondary Tech Objectives
Hardening: as we make performance improvements, the network must remain resilient and secure. We will reduce the attack surface at the protocol layer by adding invariant support (with checks performed constantly by the validator). Those checks will reduce the impact of bugs on the ledger state.

Decentralization: we want to make it easier to run a full validator. In order for the network to be as decentralized as possible, the overhead of running nodes should be minimal. By making nodes more reliable and self sufficient, node operators can spend time doing other things. We’ll also be making improvements to how we monitor the network’s health, and the way nodes exchange data, by revisiting some characteristics of the peer-to-peer code.

We closed 37 partners last year and highlighted a few, including IBM and Tempo, in our Stellar and the State of Cryptocurrency post from last week. Corporate development work will continue: we’ve planned major partnership events around the world this Spring.

!!Reminder!! If you are keeping your Lumens in an exchange you're throwing money away. Due to low transaction time you can keep it in the Stellar wallet without fear of missing out on trades. Get the desktop wallet, go to your settings and set yourself to an inflation pool to begin growing your money.

[Anonymous No.6984115]

How does the inflation count for the coin distribution?

What documents do I have that the stellar founders won't pay themselves absurd paychecks while staying "non profit" I read the statement on the website but it seems pretty flimsy.

[Anonymous No.6984147]

[Anonymous No.6984319]

>>6982913

Stellar. Totally centralized bank shitcoin. Runs on literally like 5 nodes owned by devs and a bank. They have to grant you access to run a node and can deny you access later. Devs own 85% (they try to say they don't, just wait). Literally a laughable pile of shit. HOWEVER, it's going to moon again so probably buy it.

[Anonymous No.6984335]

[Anonymous No.6984431]

>>6982872
Let me ask you something op, if that is your real name. This is a top 10 coin. Why do you find it necessary to spam this board with shit that everyone already knows? If you had a unique perspective or opinion it would be worthwhile to discuss, but do you really think you are going to move the price with this shill post on biz? It makes sense for smaller cap coins, but not much about xlm can be said that hasn't been said already.

[Anonymous No.6984447]

>>6982872
Partner with Btcp

[Anonymous No.6984656]

so what youre saying is xlm will never be more than 1 USD?

[Anonymous No.6984802]

RESPOND.

[Anonymous No.6984875]

>>6982872
NICE TRAJECTORY STELLAR SNEK!

>>6984431
Anon you clearly haven't been here very long, everyone spams their favorite coin. Have you not noticed the Turtle and Ignite posters taking over the catalogue? How about the VEN guys like 5 days ago?

[Anonymous No.6985175]

>>6984875
Nah I've been here I just don't know why the fuck anyone would read this novel of copypasta. Op is literally a robot and not a very advanced one as it can't respond at all.

[Anonymous No.6985687]

>>6982872
4:08