Connect with us

Blog

Guide to Converting BTC to XLM Altcoin

mm

Published

on

XLM’s are an altcoin that is similar to many others, but they are specially attached as an asset of the Stelar.org network. What does this mean? It means that they are another altcoin derived from a blockchain that is similar to some other altcoins, but they were made specifically in order to be a part of the decentralized payment network with the currency that was previously in place by Stellar, which is a nonprofit company. Originally called stellar, they eventually changed the name to stellar lumens, or XLM for short. Just like any other altcoin out there though, they can actually be traded and converted to bitcoin (BTC) at rubix.io. In this guide we’ll give you some tips on how you can do it.

How Much is a Stellar Lumen Worth?

XLM has had numerous applications on what you can use XLM for. For example, Vumi allows you to use Lumens as credits for their phone app that allows you to get minutes of talk time and they are actually fed to your credits as lumens using Stellar.  How much a lumen is actually worth varies, as it rises and falls with the current bitcoin market just about as much.

Stellar recently partnered with IBM and another company in order to make transactions available to other regions of the world, and it’s a lot more detailed information available at their website, but currently depending on what market you choose, one XLM is equal to approximately 850 Bitcoin Satoshi, as of July 23, 2019, which may not seem like much, but they add up. Not only that, but stellar can only be purchased or sold and traded, and since they operate on inflation of the digital currency market, you can rely on their being about a one percent of 100 billion stellars that were originally created every year. The more inflation we have, the more XLM are created.

Is Every Calculator Accurate?

In general, most calculators actually go by a third-party cryptocurrency trading market that they use themselves, so you have to keep in mind that the prices may fluctuate depending on where you go. One website for example may say that they’re worth 855 satoshi, while the other may say that they’re worth 10 satoshi less than this. Therefore, you need a good and accurate market that will find the right amount for you to trade based on the average, and one that is relatively easy to trade on. Many of these exchanges are extremely difficult to operate, let alone the fact that you never know who you’re buying or trading with. There is one company that’s about to change all of that though.

Conclusion

The new social format for trading called Rubix.io is preparing for launch, and they already are putting a system in place so that you can trade BTC with your mobile wallet. You can use altcoins, or convert many of them out there to BTC so you can have all of it in one currency, or you can even help to keep them as they are, so you can exchange them with friends and family, while being extremely secure, and you know who’s going to receive it. They’re working on integrating with social media platforms like Facebook so you can trade cryptocurrency with friends, and even family and loved ones for any reason you’re looking for.

Michelle has been a part of the journey ever since Bigtime Daily started. As a strong learner and passionate writer, she contributes her editing skills for the news agency. She also jots down intellectual pieces from categories such as science and health.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Blog

Samuel Leeds Buys Shares In Property Tribes; Says He Wants To Make It Better

mm

Published

on

People in UK property circles may be familiar with the very public dispute between former MTV presenter, property investor, and community manager of the company Property Tribes, Vanessa Warwick, & property investment trainer and owner of the company ‘Property Investors’, Samuel Leeds; as Leeds has accused Warwick of assisting with racism and discrimination against ethnic minority tenants. In recent news, Samuel Leeds was reported to have bought a 35% share of the company Property Tribes, making him officially now a person of significant control at Property Tribes.

Warwick established Property Tribes to accumulate wisdom from various property owners and landlords to create a place of guidance for people in the industry to do business better. According to the company,

“We wanted to create a free use, safe, and agenda-free place for landlords to get information from a “hive mind”, not a singularity, so that they could learn and grow their property business.”

However, in one of his recent videos, Samuel Leeds pointed out blatant support of racism in some of the advice coming from Warwick herself. As one of the landlords asks on the forum – if they would be implicated by the race discrimination laws in the UK for refusing tenancy to Bangladeshi families as the landlord is not fond of the smell of their staple food, curry; Vanessa Warwick herself is seen advising against mentioning the reason for said refusal, thus averting the legal repercussions altogether.

In the video, Leeds points out several more situations where Warwick has behaved in a racist manner. In fact, she has become a new advisor on the panel of the UK’s Property Redress Scheme and has been under criticism in their forum as well for supporting discrimination against ethnic minorities.

Warwick also expressed strong disapproval of Leeds as a property trainer citing the reason that his students came from the “vulnerable” demographic. Leeds called out the racist mindset in this reasoning, as in reality, his students predominantly come from ethnic minorities and don’t fall in the “vulnerable” category. He began drawing attention to the issue over his YouTube channel and his website, and ended up facing severe disparagement from Warwick and her followers. Leeds finally sued Warwick for defamation and she brought a counter lawsuit for six-figure damages.

In an attempt to put an end to the battle once and for all, Samuel Leeds reports to have bought a share, 35% to be exact, of the company, Property Tribes. Even though he is only a minority shareholder and will have limited control, Leeds believes he can make a difference in “cleaning up the company” and reduce racism in the forum.

He jokingly adds,

“Because they trolled me, I wanted to at least get paid… Like Michael Jackson did to Eminem.”

Leeds pledges that any money he makes off this transaction will be donated to charitable organisations that tackle racism and online bullying. In addition, Leeds will donate an extra £50,000 to organisations that fight hatred in the UK. With this move, he is determined to take a strong stand against all discriminations in the property sector or any other industry.

Continue Reading

Trending