DogeLumensPrice

(DXLM)

DogeLumens (DXLM) is a utility token leveraging the Stellar blockchain for swift, cost-effective, and decentralized value transfer. Its primary goal is to facilitate international transactions, supporting both real-world peer-to-peer payments and metaverse applications. This community-driven project, inspired by meme coins, aims to offer a simpler, faster, and more economical way for the crypto community to store and transfer digital assets, having been initially minted in October 2021.

DogeLumens (DXLM) is built on the Stellar blockchain. It fully utilizes Stellar's inherent technological advantages, which include high transaction speed, significantly low operating costs for transactions, and a decentralized network architecture. This foundation allows DXLM to deliver efficient and secure digital asset transfers.

DXLM can be acquired on various Stellar Decentralized Exchanges (DEXs) and is also broadly accessible on other major cryptocurrency exchanges. To buy, users typically need to establish a trust line with the Issuer Address via their Stellar wallet. To receive DXLM, only a Stellar (XLM) public address is necessary. Users can easily set up a new wallet on compatible platforms for this purpose, though direct transfers to some general exchange addresses might not be supported.

DXLM is a versatile utility token. Its main applications include facilitating swift value transfers between wallets and across international borders, supporting both peer-to-peer and business-to-business payment solutions. It enables transactions in real-world scenarios and within its metaverse ecosystem, acting as a medium of exchange, a store of value, and digital property. Furthermore, DXLM provides NFT utility, powers its metaverse, and serves as a robust payment infrastructure solution.

DogeLumens boasts several distinguishing features, including rapid, inexpensive, and secure transactions, typically completing in 3-5 seconds with minimal fees due to the Stellar network. It operates on a decentralized model with a community-centric approach, supported by a dedicated team. Other features include a capped total supply of 133.7 billion DXLM, high scalability, seamless integration with Stellar's infrastructure for fast operations, and an emphasis on community empowerment through rewards and governance. Additionally, DXLM is eco-friendly as it does not require mining.

The tokenomics of DogeLumens (DXLM) defines its economic structure, encompassing a fixed total supply, detailed token distribution, and utility within its ecosystem. Key elements like circulating supply and how tokens are allocated among the project team, investors, and the community play a crucial role in shaping its market dynamics. Additionally, DXLM features a distinct distribution model that enables active community members to claim daily allocations from a distribution wallet, based on their engagement and experience points within the DXLM-FI ecosystem.