Stellar, we have a problem
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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