#Stellar ledger insights, analytics, smart contracts, and protocols📡
(not affiliated with @StellarOrg)
Mar 22, 2021 • 10 tweets • 3 min read
"What’s the intrinsic value of $XLM? And what drives the price?" One of the most common questions from newcomers to #Stellar ecosystem.
A short answer – $XLM price reflects the locked value. There are other factors, but this one is the most important.
And here is why:
🧵1/10
Stellar Network relies on the account reserve requirements to prevent ledger spam. Every account must contain at least 1XLM to exist on the network. Currently there are about 5 million accounts which effectively means that 5 million XLM are locked on the ledger.
