Stellar (XLM) Prices Now. According to reports, Stellar (XLM), has entered into negotiations to acquire Chain: startup based San Francisco-based Blockchain that allows solutions to the financial sector. Chains are designed to enable smarter and more efficient connected economies by creating cryptographic ledgers that support innovative financial products and services. The deal could be worth 500 million USD (equivalent to 2.2 billion XLM Stellar tokens at current exchange rates).
What are the Achievements of Blockchain so far?
The famous chain to raise 43 million USD in venture capital funding from top investors include Khosla Ventures, Pantera Capital, Nasdaq, Visa, RRE Ventures, Blockchain Capital, Citi Ventures, Thrive Capital, Haystack, and BoxGroup. If the transaction succeeds, the Chain will receive a 500 million USD payment grouped in XLM Stellar coins and will be free to HODL or sell it on the crypto market.
Stellar (XLM) is known to have over 104 Billion XLM coins with only 18.6 billion token in circulation. Stellar Plan (XLM) to distribute the remaining tokens:
• 50 percent through the Direct Enrollment Initiative.
• 25 percent through Partnership Initiative.
• 20 percent through the Bitcoin Program.
• The Stellar Development Foundation holds 5 percent of operating costs.
How Stellar Stellar Acquisition Will Affect Stellar Token Prices (XLM)?
Chain Acquisitions will be made from 5 percent operating costs and 5 percent of XLM's 104 billion is 5.2 billion XLM. If the coin recipients decide to sell their token in the crypto market at the same time, the supply in circulation is likely to rise so that the XLM Stellar token price changes. This can be a huge blow for investors and other HODL XLM holders.
The second option is for the new XLM owner with the HODL option as Stellar seals are more friendly as is the case with IBM and Kik. As soon as Stellar (XLM) enters into more partnerships, we should expect more eyes and extra coins which in turn will increase the value of digital assets@BPI
