What is Stellar Lumens (XLM)?

The Stellar network is a blockchain-based distributed ledger network that connects banks, payment systems and people to facilitate low-cost, cross-asset transfers, including payments. Stellar has its own cryptocurrency called lumens, denoted by the symbol XLM. All three terms Stellar, Lumens, and XLM are used interchangeably but stellar is a blockchain network, Lumen is a cryptocurrency and XLM is a trade symbol.

How to Buy Stellar Lumens (XLM)?

To perform your Stellar Lumens purchase and sale transactions on the ICRYPEX Crypto Exchange:

• You can become a member of our site by filling in the name-surname, phone and e-mail address sections from the "New Account" button.
   
• After completing all required fields of the membership, you can deposit TRY from your bank account by clicking "Deposit" or you can start your investment by transferring your Stellar Lumens to your Stellar Lumens wallet you have created in "My Assets".
   
• In the investments you will make through the bank transfer, ICRYPEX Bilişim AŞ should be written. Transfers sent with different, incorrect or incomplete recipient names are rejected by the bank.
   
• The transaction description code in the deposit section should be noted to be written on the receipt. Your transfers are made through current TRY accounts registered in your name.
   
• After the TRY balance is loaded into the wallet, you can enter the "Easy Buy-Sell" page and select the "Easy Buy" button, enter the Stellar Lumens amount you want to buy and select the exchange price and buy Stellar Lumens by placing a purchase order. After making your Stellar Lumens purchase, you can evaluate your investments by following the market conditions.

ICRYPEX allows you a quick and secure Stellar Lumens trading with its 24/7 Customer Representatives appointed to every user and its daily and weekly analysis support.
 

How Does Stellar Lumens Work?

Transactions taking place on the Stellar network are added to a distributed and public ledger accessible to everyone worldwide. Stellar's consensus method allows transactions quickly and cost-effectively, with everyone on the network reaching an agreement on transaction validity in a matter of seconds. Each participant that helps to add stellar transactions to the global ledger is called a node, and chooses its own mini network of other trusted participants that it accepts. As long as these mini networks overlap, the Stellar network can generally agree on what transactions are valid and these transactions can be added very quickly to the ledger.
 

What Problems Soes Stellar Lumens Aim to Find Solutions?

Stellar does not depend on any person or institution. No organization can control, shut down, monopolize or retain data. Stellar is a global payment system rather than a national payment system. Thus, users can overcome local economies and interact directly with the world market. At Stellar, the type of transactions of individuals is not limited; For example, anyone in the world can own, hold, and send dollars, euros, or yen.
 

How to Make Stellar Lumens Mining?

Stellar Lumens mining cannot be done. The maximum number that can be placed on the market is uncertain. Stellar Lumens' target is the financial sector just like Ripple. With this feature, it allows many transactions to be made in a short time instantly and with this feature, it can create differences in the financial sector.