What is the use of xlm coins?

XLM coins play multiple roles in the Stellar network: payment of transaction fees, anchor currency, dApp payments, cross-border remittances, stablecoin support, liquidity provision, governance participation and ecosystem support.

Use of XLM Coin

XLM Coin is the native cryptocurrency of the Stellar network and has a wide range of uses, including:

1. Transaction fees: Use XLM coins to pay transaction fees on the Stellar network, making it a fast and low-cost way to transfer value.

2. Anchor currency: XLM Coin can be used as an anchor currency for other assets (such as fiat currencies or commodities), allowing them to be easily traded on the Stellar network.

3. Distributed Applications (dApps): XLM coins can be used to pay for goods and services on dApps and provide incentives for developers.

4. Cross-border remittance: XLM coins can quickly and low-cost cross-border remittances, eliminating the obstacles and high fees of traditional remittances.

5. Stablecoins: XLM coins can be used to support stablecoins so that their value is linked to fiat currencies or other stable assets.

6. Liquidity provision: XLM coins provide liquidity on the Stellar network, helping to facilitate transactions between assets.

7. Governance: XLM coin holders can participate in network governance, including voting on protocol upgrades and development directions.

8. Ecosystem: XLM coin is an integral part of the Stellar ecosystem, used to reward node operators and support various projects and services.

The above is the detailed content of What is the use of xlm coins?. For more information, please follow other related articles on the PHP Chinese website!