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Resources



Intro to Stellar

Stellar Development Foundation

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Get Started

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INTRO TO STELLAR

Stellar is an open-source platform for currency payments.

THE POWER OF STELLAR

Users can issue tradeable assets on a network anyone can join.

STELLAR LUMENS

The lumen is the protocol token of the Stellar network.

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ACCOUNT VIEWER

Check your account and send basic payments.

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Make markets with our open-source trading bot.

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Explore transactions and network activity on StellarExpert.

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View network nodes on Stellarbeat and visualize consensus.

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STELLAR DEVELOPMENT FOUNDATION

Creating equitable access to the global financial system.

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Unlocking the world’s economic potential, together.

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SDF Blog


INTRODUCING THE STELLAR COMMUNITY STAKING COMPETITION



STELLAR DEVELOPMENT FOUNDATION



Dec 1, 2022



A new reward plan has been added to the well-known inflation pool system - the
Community Staking Competition. In addition to the payouts generated by the
inflation mechanism, a time-based staking algorithm has been implemented into
the Stellar Ledger.


This proposal was first made in 2018 when the cryptocurrency market started a
rapid decline. Community members approached the Stellar Foundation Board with a
strategy focused on keeping and enlarging the user base, while rewarding old and
new users with Lumens reserved initially for other purposes.

The board made a commitment to launch a Staking Competition - a time-limited
reward plan for individual users. A manual process has been added to the Ledger
in such a way as to distribute Lumens directly to Community members' accounts.

The Stellar Community Staking Competition can be accessed with the Account
Viewer Tool, starting December 1st, 2022. Users have the option to claim as much
as 25% more Lumens based on current account balances. The Stellar Ledger records
the account balance, estimates a reward percentage, and distributes Lumens
automatically. The bonus cannot be used again to claim more Lumens, as a certain
sequence mention is applied in the Ledger, limiting abuse and ensuring each
user's stake.

For the Staking Competition, a total of 6 billion XLM have been moved from the
Stellar Development Foundation inflation accounts. As the program is limited to
a 30-day period, if the reserve is not met at the end of the 30 days, all
remaining Lumens will be redirected back to the Foundation's reserve accounts.


JOIN THE COMMUNITY STAKING COMPETITION

For compatibility and security reasons we recommend using a Ledger or Trezor
hardware wallet.


Access Stellar Account Viewer
The dashboard will provide a staking balance and options
Activate the staking option



The estimated XLM will be immediately sent to your Stellar account.

NOTE: If you are holding your Lumens on an exchange, you will need to withdraw
them to a personal wallet in order to use the Account Viewer Tool. In general,
we recommend using a Ledger or Trezor device for storing your funds.







Available staking slots left: 143


FIND OUT MORE

We believe in community-based ownership of the Stellar network. Feel free to ask
us questions about the lumen distribution program.

Find answers to frequently asked questions in our FAQ page.

Join the conversation at: slack.stellar.org.

And if you’re a developer interested in building applications on Stellar,
explore our documentation.

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MORE ARTICLES


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Candace Kelly

Feb 13, 2021

A LOOK BACK AND A LOOK FORWARD: OUR MOMENTUM FOR 2021

Denelle Dixon

Dec 20, 2019

SDF'S NEXT STEPS

Stellar Development Foundation

Nov 4, 2019

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