| Project/Products |
Use Case |
Status |
| Sorobon |
Stellar's platform for creating decentralized applications (dApps) and smart contracts. |
Passed
|
| Tokenization |
A feature for issuing digital assets like stablecoins and securities without needing smart contracts. |
Passed
|
| Stellar Network |
A fast, low-cost blockchain for cross-border transactions. |
Passed
|
| Stellar Lumens (XLM) |
The networks native cryptocurrency, used for transactions and trading. |
Passed
|
| Anchor Network |
A system connecting traditional financial institutions to the Stellar blockchain. |
Passed
|
| Stellar Decentralized Exchange (SDEX) |
A built-in exchange for trading assets directly on the Stellar network. |
Passed
|
| Use Case |
Status |
| XLM is used to pay a small fee for every transaction on the network, helping to prevent ledger spam and prioritize transactions during periods of high demand. |
Passed
|
| Stellar accounts must maintain a minimum balance in XLM, currently set at two base reserves (1 XLM), to keep the account active. |
Passed
|
| XLM is used to pay rent for every smart contract entry on the network, ensuring that resources are efficiently allocated |
Passed
|
| XLM acts as an intermediary currency, facilitating the exchange between different assets on the Stellar network. |
Passed
|
| System |
Interpretation |
Status |
| Transaction Fees |
While not a reward system, transaction fees are collected to prevent spam and ensure resource prioritization during high demand. |
Passed
|
| Smart Contract Rent |
Similar to transaction fees, smart contract entries incur a rent fee to discourage unnecessary use of resources. |
Passed
|
| Minimum Balance |
Maintaining a minimum balance of two base reserves (currently 1 XLM) is required to ensure full account functionality. |
Passed
|
Note: Stellar does not have a traditional reward system like some other blockchains. Instead, it has mechanisms to maintain network integrity and efficiency
| Category |
Details |
Status |
| Whitepaper |
The whitepaper/documentation/website offers detailed information about its projects, while its documentations provide crucial insights, emphasizing their significance. |
Passed
|
| Project |
The projects have been audited with an acceptable rate of success, demonstrating adherence to quality standards. Additionally, the project team maintains regular updates on its social media platforms, keeping stakeholders informed about the progress of the projects. |
Passed
|
| Team |
The team has a qualified background in terms of academics and industry experience. |
Passed
|
Note: Stellar (XLM) is currently listed as digital assets up for trading on Recognized Market Operators approved by the Securities Commission of Malaysia to operate a Digital Asset Exchange.
