Stellar, we have a problem

in xml •  7 years ago  (edited)

This is more like a question post than a real analysis but my findings on stellar show that at the moment:

  • Total supply is roughly 103.5 Billion XLM
  • Circulating supply around 17.9 billion XLM
  • the inflation rate of the total supply is 1 percent per annum
  • the newly created coins are distributed on a weekly basis to the XLM accounts who get the most vote
  • total market cap ( calculated with circulating supply) is around 4.3 Billion USD or 290,000 BTC as of today

What I understand the above means:

  • the founders/developers kept about 83% of the XLM coins to themselves
  • the founders/developers can scoop >= 83% of the newly issued coins
  • the market cap if we include non circulating coins amounts to 24 Billion USD.

I don't see these appealing as strong fundamentals, quite the opposite but would love to be wrong about the above.
Please don't hesitate to correct me

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