What is Stellar lumen (XLM)?
The Stellar network is a distributed blockchain-based ledger and database that facilitates cross-asset transfers of value, including payments. The native digital asset of Stellar is called Lumens (XLM). However, Stellar can also support other tokenized assets on its blockchain.
Read the Stellar whitepaper.
What is the value of XLM now?
What gives XLM its value?
Stellar Lumen is the protocol token of the Stellar network. One hundred billion lumens were created the instant Stellar went live, as part of the protocol’s design. These tokens play a unique role in the network’s operation. Anyone that wants to hold or move money on Stellar must also hold lumens. Per the protocol, every account must set aside a small increment of lumens for each type of asset it holds.
Buy and sell XLM for fiat currency
Currently, you cannot purchase XLM on our OTC marketplace. You can, however, buy Bitcoin, Ethereum or USDT, and then proceed to buy XLM on the spot market.
If you already own crypto, simply deposit the amount into your AAX account and trade it against XLM.
Trade XLM against other cryptocurrencies
On AAX, you can trade XLM against Bitcoin, Ethereum and USDT.
Trade anytime, on the go
Why trade with AAX?
Powered by LSEG Technology’s cutting edge matching engine, which is also at the heart of London Stock Exchange, and other traditional financial markets, AAX is a next-generation cryptocurrency exchange.
Integrity comes first
AAX is fully AML/KYC compliant and transparent.
Multi-layered security systems, robust custody, fully audited.
Multi device support
Trade on browser, iOS, and Android app. AAX supports API.
Trade across OTC, Spot, and Futures, deposit and withdraw, in one seamlessly integrated account.
What can you do once you own NEO?
Some users hold on to their XLM with the expectation of it increasing in value. You can store your XLM safely on your AAX account, a separate hot wallet or in cold storage.
You can trade XLM against other cryptocurrencies on AAX.
From your AAX account, you can easily transfer value around the world. You can buy XLM online and send it to anyone and anywhere with a wallet that supports XLM.