What is Stellar (XLM)
Stellar or XLM (XLM / USDT — Transactions Here) is an open source currency and payment network. It aims to create an easy-to-use platform for developers to publish digital assets and build applications on publicly distributed ledgers that enable near-immediate payments and universal currency conversions. It is said that.
Stellar Core Features
Stellar’s mechanism is similar to Ripple (read more about XRP), but differs from Ripple in that it can be traded and used without access to a bank due to the design of Stellar, an unauthorized blockchain. This can be especially beneficial to people who have limited or no access to banks, such as in developing countries. Trade XLM with MEXC Global. While Ripple focuses on transactions between banks and organizations, Stellar’s utilities are more accessible to the general public.
To facilitate the Web3 development, Stellar provides the following utilities to enhance developer’s experiences.
- Issue Digital Assets
Stellar allows a user to create a redeemable, tradable representation of any asset.
- Trade Tokens Peer-to-Peer
Every token on Stellar is exchangeable with any other token on the network, and the Stellar protocol itself connects buyers and sellers.
- Transform the Currency As Users Send It
Like any payments system, Stellar allows one user to send currency to another.
How to buy XLM?
You can buy XLM on MEXC following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “XLM” using the search bar to see the available trading pairs. Take XLM/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of XLM you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy XLM] to confirm your order. You will find the purchased XLM in your Spot Wallet.