Forwarded from Wealth Academy │ Stellar
What are 🅰️ 🅰️ 🅰️ 🅰️ 🅰️ ?
Memos give you the ability to communicate a message with money. Sometimes memos are crucial. Learn when you need to include one to prevent loss of lumens.
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Discussion Group: CLICK HERE◀️
Memos give you the ability to communicate a message with money. Sometimes memos are crucial. Learn when you need to include one to prevent loss of lumens.
➡️ Memo Purpose◀️ ⚡️ Memos expand the possibilities of what can be built on Stellar. They can enable relative anonymity, trigger specific secondary actions after a payment, and streamline operations for users and businesses alike.❤️ Memos are not required to send a transaction unless specifically noted by the recipient (i.e. most exchanges).
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Forwarded from Wealth Academy │ Stellar
Why Exchanges Require 🅰️ 🅰️ 🅰️ 🅰️ 🅰️
⚡️ Exchanges must monitor transactions on each account associated with their exchange. If they had one Stellar account for each lumen holder on their platform, this would increase their costs and minimum balances, which would in turn increase their fees and minimum balances for users.
✅ By using one or a few accounts and differentiating user’s balances based on unique memos, exchanges can reduce fees and the minimum balance.
➡️ Official Channel:
@WealthAcademyStellar
Discussion Group: CLICK HERE◀️
‼️ Forgetting to include the correct memo in transfers into exchanges can result in a loss of your lumens. Be careful!
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Forwarded from Wealth Academy │ Stellar
Native Stellar Lumens
XLM | Medium of Exchange for Stellar's Network
Asset Name: XLM
*Required to transact
"Lumens are the native digital currency of the Stellar Network built to act as a medium of exchange between other assets."
Lobstr Asset: {Auto setup on Stellar Wallets}
Soroban Contract
Domain: stellar.org
USD
Asset Name: USDC
Lobstr Asset: https://lobstr.co/assets/USDC:GA5ZSEJYB37JRC5AVCIA5MOP4RHTM335X2KGX3IHOJAPP5RE34K4KZVN
Issuer id: GA5ZSEJYB37JRC5AVCIA5MOP4RHTM335X2KGX3IHOJAPP5RE34K4KZVN`
Domain: centre.io
XRP
Asset Name: XRP
"The XRP token issued by fchain.io is pegged 1:1 to the native Ripple network token. With the XRP token, you can exchange it with other tokens on the Stellar network."
Lobstr Asset: https://lobstr.co/assets/XRP:GBXRPL45NPHCVMFFAYZVUVFFVKSIZ362ZXFP7I2ETNQ3QKZMFLPRDTD5
Issuer id: GBXRPL45NPHCVMFFAYZVUVFFVKSIZ362ZXFP7I2ETNQ3QKZMFLPRDTD5
Domain: fchain.io
BTC
Asset Name: BTC
"Stellarport promises to purchase each BTC token from any holder for the value of 1 Bitcoin"
Lobstr Asset: https://lobstr.co/assets/BTC:GBVOL67TMUQBGL4TZYNMY3ZQ5WGQYFPFD5VJRWXR72VA33VFNL225PL5
Issuer id: GBVOL67TMUQBGL4TZYNMY3ZQ5WGQYFPFD5VJRWXR72VA33VFNL225PL5
Domain: stellarport.io
ETH
Asset Name: ETH
"Stellarport promises to purchase each ETH token from any holder for the value of 1 Ether"
Lobstr Asset: https://lobstr.co/assets/ETH:GBVOL67TMUQBGL4TZYNMY3ZQ5WGQYFPFD5VJRWXR72VA33VFNL225PL5
Issuer id: GBVOL67TMUQBGL4TZYNMY3ZQ5WGQYFPFD5VJRWXR72VA33VFNL225PL5
Domain: stellarport.io
SHX
Asset Name: SHX
"Stronghold’s expanding payments ecosystem uses the SHx token as a building block with a real-world purpose."
Lobstr Asset: https://lobstr.co/assets/SHX:GDSTRSHXHGJ7ZIVRBXEYE5Q74XUVCUSEKEBR7UCHEUUEK72N7I7KJ6JH
Issuer id: GDSTRSHXHGJ7ZIVRBXEYE5Q74XUVCUSEKEBR7UCHEUUEK72N7I7KJ6JH
Domain: stronghold.co
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Discussion Group: CLICK HERE
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Forwarded from Wealth Academy │ Stellar
How to Store 🅰️ 🅰️ 🅰️ 🅰️ 🅰️ 🅰️
Lumens = XLM
You keep your savings in harder-to-use, more secure accounts, and you keep your spending cash in a less secure, easier-to-access location. Use a similar approach to stay secure on Stellar.
Hot🥵 vs Cold 🥶
Hot = LOBSTR, Scopuly
Cold = Ledger Nano🅰️ - Since an offline computer has no connection, it is extremely hard for someone without physical access to it to access the account’s keys. However, this also makes every transaction an extremely manual process.
Spread your token position across two tiers:
🔢 . Cold Wallet - a "paper" or hardware wallet for cold storage (i.e. a savings account)
🔢 . Hot Wallet - a less secure but more accessible wallet for crypto on hand (i.e. a checking account)
🔴 With the right security measures in place, they can be absolutely safe for regular users who prioritize ease of access.
🔴 We recommend a 🅰️ 🅰️ 🅰️ 🅰️ 🅰️ 🅰️ 🅰️ 🅰️ 🅰️ as the initial option for both beginners and advanced users.
🅰️ 🅰️ 🅰️ 🅰️ 🅰️ 🅰️ 🅰️ 🅰️
➡️ t.iss.one/WealthAcademyStellar/27
📖 Stellar Guide:
@WASGuide
➡️ Official Channel:
@WealthAcademyStellar
Discussion Group: CLICK HERE◀️
Lumens = XLM
You keep your savings in harder-to-use, more secure accounts, and you keep your spending cash in a less secure, easier-to-access location. Use a similar approach to stay secure on Stellar.
Hot
Hot = LOBSTR, Scopuly
Cold = Ledger Nano
Spread your token position across two tiers:
🅰️ eople often use Hot Wallets because they are more convenient and easier to access compared to cold wallets. With a hot wallet, users can quickly manage their crypto assets for daily transactions or trading, making it a preferred option for frequent use.
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@WealthAcademyStellar
Discussion Group: CLICK HERE
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Forwarded from Wealth Academy │ Stellar
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Here, you can watch an animated guide that explains how to sell assets on LOBSTR
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@Tironianae
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Wealth Academy │ Stellar
STELLAR, QFS, and the UNFOLDING DIGITAL WAR…Q
📖Stellar Guide:
@WASGuide
📖Stellar Guide:
@WASGuide
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Forwarded from Wealth Academy │ Stellar
Don’t worry, newbies—this isn’t as scary as it looks. 🤣 🤣
*Advanced Map for Advanced Students.
🕐 Quantum Map - CLICK HERE
*Advanced Map for Advanced Students.
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Wealth Academy │ Stellar
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Forwarded from Wealth Academy │ Stellar
QFS_An_Overview_of_the_System_Process_v6_1_847224d5_4884_4b90_8ad8.pdf
2.1 MB
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Global Reset Token Road Map.pdf
63.8 KB
❎ Information is not just knowledge; it is the key that unlocks understanding and drives progress.❎
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Wealth Academy │ Stellar
STELLAR, QFS, and the UNFOLDING DIGITAL WAR…Q
📖Stellar Guide:
@WASGuide
📖Stellar Guide:
@WASGuide
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Forwarded from Wealth Academy │ Stellar
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By - 5xCrypto
(A member of our family)
@WASGuide
@WealthAcademyStellar
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Forwarded from Wealth Academy │ Stellar
Here you will Find Answers to the
By WhipLash Team
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@WealthAcademyStellar
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Forwarded from Wealth Academy │ Stellar
Important notes:➖ The limit for adding Stellar wallets is set to 20 wallets for one LOBSTR account.➖ There is currently no option to delete a specific wallet you added to your account. If you'd like to remove all connected wallets at once, select 'Remove connect Stellar wallets' option in the 'Wallets' section of the 'Settings' screen.
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@WealthAcademyStellar
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Wealth Academy │ Chat
📖Official Discussion Group @WealthAcademyStellar
📖Stellar Guide:
@WASGuide
DYOR - It is never too late to Start or Learn!
📖Stellar Guide:
@WASGuide
DYOR - It is never too late to Start or Learn!
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