Stellar Lumens price doubles

The price of cryptocurrency Stellar Lumens rose more than 120% within past 7 days. Let's find out why
02 December 2017   1245

Stellar Lumens, a cryprocurrency of Stellar open-source network that lets users build low-cost financial products for their community, has shown a significant price jump increasing 119,55% during past 7 days.

Stellar Lumens charts decemner 2017Stellar Lumens Charts

The price rose from the mark of $0,04 on November 26 to the mark of $0,09 on December 2, while the market capitalisation of Stellar Lumens increased from $884 million to $1,7 billion.

The rise of the currency was preceeded by a series of significant events connected with Stellar Lumens currency and Stellar network. For instance, on November 22 the company announced that Ledger HQ Nano S support became available for Stellar Lumens.

At the moment of press, these are main market parameters of Stellar Lumens:

  • Average price: $0.09
  • Marketcap: $1 657 799 666 
  • 24h volume: $93 788 900

Stellar to collaborate with Veridium, Environmental Firm

Environmental blockchain company Veridium Labs Ltd announced about the partnership with Stellar and plans to simplify the whole carbon footprint process
28 June 2018   191

Veridium created the world’s first environmental social impact token and is developing disruptive sustainability solutions for the Fortune 500 companies. Last month, the firm declared about its partnership with IBM, which planned to make the process of offsetting companies’ footprints easier.   

It was also approved by the source that Stellar’s distributed, open-source, and hybrid blockchain will let Veridium to “accurately track carbon credits in real time to mitigate the environmental impact of the goods and services being transacted”.

We are very excited about the momentum Veridium has had since our announced partnership with IBM. Our new collaboration with Stellar and the addition of our advisory board members are important steps in making a decentralized carbon credit industry a reality so we can truly bring about global environmental change.
Todd Lemons,
Chairman, Veridium

It is as well believed that once Veridium begins running on Stellar and IBM Hyperledger Fabric blockchains, the firm will be able to evaluate the whole carbon footprint process. It will measure and compensate footprints by converting carbon credits into tokenized assets that hence can be displayed and integrated into corporate accounting systems more easily. The total process of tokenization of assets is supposing to raise trust and integrity in the flow of information among trading partners and network users.