What is XLM called in Chinese (Is XLM a scam coin)?

What is XLM called in Chinese? According to the announcement from MXC Matcha Trading Platform, XLM is called Stellar Lumens in English, abbreviated as “XLM”. This currency is a digital cryptographic asset issued by Ledger Company. It consists of two main parts in the blockchain field: a peer-to-peer payment system based on Bitcoin and a distributed network that solves the problem of low efficiency and high fees in global value transfer. XLM can enable anyone to seamlessly and efficiently conduct cross-border remittances and transfers; it can also integrate wallet applications with other decentralized protocols.

Is XLM a scam coin?

Is XLM a scam coin? According to the latest data from CoinGecko, the price of XLM, the top-ranked Bitcoin-anchored token by market capitalization, is $0.086. In the past 24 hours, the project has generated over $300 million in trading volume and nearly 10,000 active wallet addresses.

Although XRP, ETH, and some other cryptocurrencies are issued based on blockchain smart contract platforms, it is not a true “scam coin”. Despite its many problems, the company behind it has third-party service providers such as BitPay.

Therefore, XLM is not a scam coin. If someone wants to buy an XLM mining machine to mine Bitcoin, they must first purchase the chips and related hardware devices of the XLM mining machine to obtain this machine, as these computers can withstand a large amount of computational pressure but cannot handle high-frequency operations (especially for those interested in network security). This means that even if you have a computer, you can use an XLM mining machine to mine other cryptocurrencies, such as XMR or DASH.

Furthermore, because XLM has a fully decentralized structure, there is no need to rely on a separate network for deployment by developers. Xlmmrs is a scalable and stable security token that, unlike most mainstream tokens, is supported by Lido Finance.

In this way, Xlmmrs holders store their assets in a secure custody and are able to earn profits from their portfolios.

When investors start considering using a new type of token, users usually convert XTM between exchanges or directly withdraw tokens from custody.

In other words, once XTM is sold by users, it will affect the circulation, reducing liquidity.

So, is XLM a new scam coin? Why are we unsure about its value? We believe that XLM is not just digital gold, but also has many innovative applications worth paying attention to.

For example, at the end of last year, XLM was rated as the most successful cryptographic asset of 2018 with a market value of $1.5 billion. However, this year, XLM has fallen to below four digits, with a price of only around $0.002 at the time of writing. XLM has also sparked controversy due to its design concept. It was reported that in early 2019, Ripple CEO Brad Garlinghouse expressed plans to create his own decentralized social media website called xSpace and launch “Splimble” to allow people to spread information within the community and build their own brands.

It is because of this that the recent report from The New York Times states that the Financial Industry Regulatory Authority in the United States may be investigating XRP.