Some information and facts about Stellar XLM and the SDex Decentralized Exchange

Hi everyone. Wow it's soooo much better in here since the exile of Loons, no disrespect to Moons-they are rad, but dang that farming ruined the community vibe in here.

Normally i post this info a few times a week in the daily, but today it feels like it warrants its own post. Discussion is important for gathering and sharing information, and NOT just fitting in and being agreeable to the popular crowd... especially since the popular crowd is very often mistaken. In the past i made comments about exchange dangers and even Kwon and goodness was that unwelcome. Yikes!

I am and have been fascinated by crypto since i first discovered it. The only one i could afford and liked the speed and fees was XLM. So i'm a fan, even though i do recognize it's limitations and shortcomings. It is not decentralized at the core, however the SDF's (Stellar Development Foundation) role as a non profit is to use XLM to fund new project developers (See Stellar's official website for Community Fund") after which point, when the network is self sufficient, the SDF will disband. So it does plan to grow into decentralization.

Here are the daily stats and some general info about it;

Stellar #XLM Stats for Dec 03, 2023 Transactions: 2,153,541 Operations: 7,652,309 (3.55 Ops/TX Avg) Average TX Cost: 0.000347 XLM ($0.000042)

That's 2.1 Million transactions made today and all of the fees combined are about $90. 5 second transaction time with a few less than 1 cent. That's fast and cheap, and easy! -giggity-

Stellar Network has a built in Decentralized Exchange; The SDex. There is a Coinmarketcap type ranking website where we can view the assets issued; SDexExplorer.

This Decentralized exchange order book may be accesed via the Labratory or any Non Custodial XLM wallet, anytime any day. This means that we do NOT need to trust an exchange to move our crypto around. Buy/sell/move without restrictions.

AND there are reputable BTC,ETH,DOGE,and XRP anchors that are backed 1 for 1. So we can literally trade these tokens with low fees and 5 second transaction times. Granted there is likely a spread where the anchors make their profit off conversions, so dyor.

Last year Stellar partnered with Moneygram and we can now on/off ramp $USDC with Zero fees at over 300,000 Moneygram locations in 180 countries, without needing a bank account. NO BANK ACCOUNT NEEDED. Up to $10k USD per month with only a photo ID.

Stellar is not implimenting Smart Contracts into the Network, which will be huge attraction for DeFi. They recently announced that the "Soroban Smart Contract" release date is January 30th, 2024. Just around the corner. It is currently live on the "Stellar Test Net".

The official unofficial Stellar slogan is "Viva la Stellar!"