Why Uganda chose Stellar Lumens to power the currency of its new city
Per a report by NBS Television, Uganda is planning to build a futuristic city. The project has received the green light from the local government and is set to be completed by 2036. American singer of Senegalese origin, Akon, has been awarded one square mile of land to carry out the project. To be named […]
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Stellar Foundation to give away lumen crypto-tokens to all bitcoin holders in the coming months. It is good news for those bitcoin users with a streak of altruism in their blood. Stellar Foundation is giving away a significant number of lumen, the crypto-tokens used by Stellar protocol to bitcoin users. According to the latest announcement from the Stellar Foundation, 19 percent of the total lumens initially created will be distributed among bitcoin users, starting July 4, 2016. By giving away 19 billion lumens to the Bitcoin community, Stellar hopes to involve the bitcoin community....
Decentralized financial system, Stellar, invites the members of the Bitcoin community to claim their cryptocurrency, Lumens. With around 19 billion Lumens being distributed in multiple rounds to anyone based on the quantity of Bitcoin they have, people can start claiming their Lumens on July 5, 2016. Due to restrictions, the program is closed to the residents of New York, Georgia, New Hampshire, Connecticut and any countries on the U.S Sanctions list such as Iran, Cuba, and North Korea. StellarCT r: 130CT r: 130 itself is a network which, unlike regular blockchains, uses the Stellar....
The launch of Stellar’s new protocol was received positively by the crypto market, coinciding in a 100% price rise for XLM across the last 48 hours. The price of Stellar Lumens (XLM) shot up 60% in the past 24 hours and crossed the 20 cent mark for the first time since Sept. 2018. The ‘stellar’ price action followed an announcement by the project’s developers that a new version of the Stellar public network protocol had been implemented by validators. The Protocol 15 upgrade was voted into effect at 4:00 PM UTC on Nov. 23 and introduces two new features that aim to reduce the level of....
Uganda’s government has reportedly allocated land for Akon’s crypto-city development project in the country. Senegalese-American rapper and businessperson Akon is set to begin building another crypto city, this time in the East African nation of Uganda.According to a report by Uganda’s flagship television network NBS, the country’s government has announced the allocation of land for the project.Akon City in Uganda will reportedly occupy one square mile half the size of the City of London (not to be confused with Greater London, which makes up the majority of the U.K. capital). Akon is also....
Stellar Lumens’ native token XLM was among the biggest gainers in the cryptocurrency market in the previous 24 hours, rising by roughly 49 percent in the US dollar-pegged markets. The XLM/USD exchange rate reached an intraday high of $0.313 after dropping to as low as $0.20 in the previous session. Traders flocked into the Stellar […]