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Is Stellar Lumens A Good Investment Or a Very Risky One?
The recent news from Grayscale the crypto investment giant investing in a Stellar fund had no effects on the market of Stellar. The Stellar team even gave away $125 million worth of XLM tokens in an airdrop to try and help exposure and adoption to no great success.
Stellar do have some good partnerships in the likes of IBM, Stripe, Deloitte and Shift markets.
IBM has signed a multi-million-dollar deal with the Australian government to provide blockchain solutions to the country, which range from defense to home affairs systems through to data protection to help save the government’s money and resources.
The partnership with stellar could mean big things for the project moving forward as IBM and Stellar could incorporate the XLM token into the Australian government with the news that IBM is even making a Stellar-based stable coin.
But my biggest concern is that the Stellar team holds over 80 billion of their own token supplies, it has been noted over the past months in the bear market the team has been dumping their tokens on exchanges to fund the project, but when you have 80 billion tokens to dump when will it end?