Mining Stellar(XLM)??

[crst]

Hey, guys, it's there any possibility to mine Stellar(XLM) at this point?? If yes, how?

[1715051227]

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[beezoonours]

You can't, 100% premine: It's tokens.

[pbuva]

No, it is not. This currency does not work this way, it's the same as RIPPLE.
Both had all their currency created at start.

[crst]

No, it is not. This currency does not work this way, it's the same as RIPPLE.
Both had all their currency created at start.

uhm but then what's the point of buying it if the owner can just CREATE the amount of coins/??? Why won't he just grant him 100000k coins and be done with it?

[beezoonours]

Because it would lower the valuation of each token ? You're close with you count anyway

100B XLM created initially

BTW most token based CC are this way, smart contract often have loopholes like this (Think CEO/CFO Access).

Coin Distribution
Since the Stellar network doesn't use mining, all the coins exist when the network starts.
The majority of these are held by the non-profit Stellar.org.
Stellar.org is distributing the coins in the following way:

• 50B XLM: to be given in small increments to as many people as possible.
• 25B XLM: to be given to other businesses and non-profits to reach people that stellar.org wouldn't otherwise be able to reach through the Direct Signup program.
• 20B XLM: to be given to bitcoin and XRP holders (announcement about the details of this coming soon)
• 5B XLM: retained by Stellar.org for operations.

More information about the coin distribution can be found here.
You can see the distribution to date here.

[damNmad]

No, it is not. This currency does not work this way, it's the same as RIPPLE.
Both had all their currency created at start.

uhm but then what's the point of buying it if the owner can just CREATE the amount of coins/??? Why won't he just grant him 100000k coins and be done with it?

Well, like  @beezoonours said it would lower the value, value of the coin/token goes up/down based on the number of transaction on exchanges (mainly based on number of people buying the product). Good price can be achieved by the best decentralised coin/token.

If he just grants himself a 100000k coins it would give him nothing but those coins to himself!! Many loop holes in the contract might just ruin its popularity too, see how many Ethereum based tokens alive after that AIRDROP storm happened in past two months.

[crst]

No, it is not. This currency does not work this way, it's the same as RIPPLE.
Both had all their currency created at start.

uhm but then what's the point of buying it if the owner can just CREATE the amount of coins/??? Why won't he just grant him 100000k coins and be done with it?

Well, like  @beezoonours said it would lower the value, value of the coin/token goes up/down based on the number of transaction on exchanges (mainly based on number of people buying the product). Good price can be achieved by the best decentralised coin/token.

If he just grants himself a 100000k coins it would give him nothing but those coins to himself!! Many loop holes in the contract might just ruin its popularity too, see how many Ethereum based tokens alive after that AIRDROP storm happened in past two months.

so from a perspective of a investor, if both coins were worth 1$, in which one would you invest?

[rizkyfebrian213xx]

not every token can earned with mining bro
mark my sentences

[Starbury182]

I think its at a much better price point at the moment, but XLM needs to differentiate itself somehow cuz ripple has substantially grown in popularity