The Stellar blockchain entered the crypto world a few years ago, so we can call XLM an old-school coin. Despite its age and not being a completely decentralized blockchain, it still has its user base due to several benefits including very low transaction fees.
Use XLM for crypto gambling as it’s supported by several casinos and provides cost-effective transactions.
Stellar is an open source, decentralized protocol for cross boarder transactions. It’s been released in July 2014 and is supported by Stellar Development Foundation.
Stellar protocol allows exchanging money or tokens using the Stellar consensus protocol.
The protocol is different from the most popular cryptocurrency Bitcoin as tokens are not mined by computer power. It’s much easier to run Stellar node.
Stellar has gained massive popularity during 2017 bull run when partnership with IBM has been announced. The prize of XLM token increased massively at that time, now it belongs among less volatile crypto assets. The valuation of circulating XLM tokens is around $10 billion*.
The snapshot of market cap was taken on Oct 17 on Coingecko.
Lumen (XLM) is a native Stellar’s token. It powers operations on the blockchain network.
At the network’s inception, there has been 100 billion Stellar lumens minted. The new coins are generated only via inflation (set to 1% annually), that secures the economic growth and to replace lost tokens.
If you would like to play with Stellar lumens (XLM) at crypto casinos, you shouldn’t be charged for deposit. If there’s any deposit fee, leave the casino immediately as this is a big red flag.
On the other hand, on withdrawal request there will be almost always a small fee deducted from your account. The exact withdrawal fee varies across casinos.
The current rates are as follows
BC.Game – 0.0001 XLM
Bitsler – 0.00005 XLM
Wolf.bet – 0.002 XLM
BetFury – 0.0001 XLM
Enjoy sports betting on several crypto sportsbooks accepting Lumen (XLM). You can choose from multiple betting sites, all of them cover esports and provide a large selection of side bets.
Wager you XLM on favorite sports teams in
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