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Stellar is a brand new Ripple-like payment system published by McCaleb, the creator of Ripple and Mt-Gox.
“Stellar will play as a bridge between fiat and cryptocurrency, which is the key for crypto to be accepted by the public.” said by Joyce Kim, chairperson of the board at Stellar Development Foundation.
This new platform is also a decentralized gateway between fiat and cryptocurrency. Like Ripple and Bitcoin, Stellar will publish its own token - XLM.
The total amount of XLM the token will be 100 billion, of which 95% will be issued to users for free. There are diverse members in Stellar team, including Keith Rabois the former COO of Square, Patrick Collison the CEO of Stripe, Jackson Palmer the co-founder of DOGE and Naval Ravikant the co-founder of AngelList as the current consultant of this project.
Total amount of XLM：103,452,109,577
Amount of XLM in circulation：17,713,853,490
Official website: https://www.stellar.org/