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XLM is a digital currency whose full name is Stellar Lumens. Its background dates back to 2014 by Ripple founder Jed
"Constellation Protocol" founded by McCaleb. This protocol aims to provide a decentralized, open blockchain platform to accelerate the processing speed and reduce costs of financial transactions and cross-border remittances. Since then Stellar
Lumens was launched as a token on the network and gradually gained market recognition. But in the currency circle, is XLM currency a pyramid scheme currency or a mainstream currency? This issue has always been controversial. Next, the editor of the currency circle will analyze the XLM coin in detail.

 Is XLM coin a MLM coin or a mainstream coin?

XLM currency is considered a mainstream currency, with the Chinese name Stellar Lumens. It currently ranks 23rd in the cryptocurrency market in terms of market value, with a total market value of 42.288 billion. It has been listed on 58 exchanges. In the early days of its issuance, XLM did not conduct an ICO to raise funds. On the contrary, it adopted Free airdrops or distribution methods to the public to expand the user base and try to create a more equitable economic ecosystem.

Therefore, most people regard XLM as an altcoin, but in fact it has a strong team and a unique operating model. It is also supported and used by many important institutions and companies (such as IBM). XLM is one of the digital currencies that has attracted much attention due to its potential to enter the mainstream market and provide fast and low-cost transfer services.

XLM coin is positioned as an open source and decentralized cryptocurrency. Compared with other digital currencies, XLM performs well in the market and has a wide range of user groups and application scenarios. It has become one of the digital currencies used by many institutions, businesses and individuals around the world. Therefore, it can be seen that XLM is not an altcoin and has great potential and development prospects in the digital currency market. Although the price fluctuations are relatively violent, it still attracts more and more investors' attention and response.

 The difference and connection between XLM and altcoins

Compared with altcoins, XLM is more stable, reliable, and transparent. XLM has a strong team and community support and is already widely used in applications. XLM also performs well in the "Ethical Matrix" through its charitable donations and other activities through organizations such as the United Nations Children's Fund (UNICEF). Unlike altcoins, XLM is recognized by the U.S. Securities and Exchange Commission (SEC) and has anti-money laundering policies in place.

While XLM and many altcoins are types of tokens that fall under the umbrella of digital currencies, there are some significant differences between them. Altcoins usually do not really solve important problems or serve a certain industrial chain; in this work, XLM advocates a decentralized approach to promote poor areas and emerging markets to participate in the global economy, as well as trustless payments that traditional banks cannot achieve. process.

Many altcoins rely solely on community sharing to promote themselves, while XLM has a more professional and extensive international marketing plan. XLM and altcoins each play different roles in the digital currency field, but their value, advantages and disadvantages and other characteristics also need to be analyzed in detail.

The above content is the answer and analysis of the question of whether XLM coin is an MLM coin or a mainstream coin. Before investing in XLM, you need to understand the risk factors it faces. The market is highly volatile, and the price will change due to multiple factors such as market supply and demand, policies, etc.; before it is widely used and widely recognized, the currency has insufficient liquidity; in addition, there are security risks, competitive pressure, etc. consideration. For potential investors, it is recommended to do sufficient research and make prudent decisions to avoid possible financial losses.