Welcome to Wealth Academy | Stellar
🅰️ e are excited about your interest in learning more about the Quantum Financial System (QFS) and beyond, with a focus on Stellar's crucial role as the keystone in the:
• Global Financial System
• Bank Collapse
• NESARA/GESARA
• Wealth Spread
🅰️ o support your journey, our team has created a variety of guides specifically designed for beginners.
🅰️ lmost all of your questions will be answered, but if you have any others, feel free to ask in our friendly chat, and our admins or community members will be happy to help.
🅰️ ake your time, study the material, and conduct your own investigations - everything you discover will be beneficial! Make Stellar a hobby that brings both relaxation and wealthy rewards.
• Global Financial System
• Bank Collapse
• NESARA/GESARA
• Wealth Spread
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Getting your feet wet on Stellar Network
What is the Stellar Network?
- The Stellar Network is a decentralized block-chain platform designed to facilitate fast, low cost cross-border payments and asset transfers.
It aims to connect individuals, banks, and payment systems, allowing for efficient and border-less transactions.
Lumens (XLM) is the native cryptocurrency of the Stellar Network, serving as both a medium of exchange
- A bridge currency for cross-asset transfers.
What is Block-chain Technology?
- Block-chain technology is an advanced database mechanism that allows transparent information sharing within a network. A block-chain database stores data in blocks that are linked together in a chain.
Create a Wallet | Non-Custodial Wallet
What is a Non-Custodial Wallet?
- A non-custodial wallet is one that the user holds the private keys and has complete control over their funds in the wallet.
It is important to never share your secret key.
Add Assets
What are Stellar Lumens?
- Stellar Lumens (XLM) is the native cryptocurrency of the Stellar Network. It plays a crucial role in facilitating transactions on the network by serving as a bridge currency. Lumens are used to represent value on the Stellar block-chain and enable the quick and cost-effective transfer of assets across borders.
- Additionally, XLM helps prevent spam transactions and ensures the security of the network through a small transaction fee. Overall, Stellar Lumens contribute to the efficiency and accessibility of the Stellar Network for cross-border payments and asset transfers. XLM are backed by silver.
Buy/Sell
Why Would I Buy Tokens?
- Tokens have a huge range of potential functions, from helping make decentralized exchanges possible to selling rare items in video games to holding shares in company’s or Gold bonds etc. They can all be traded or held like any other cryptocurrency also.
- Stellar is set to house the Markets of the world.
Remember you are super early in this transformation.
Potential for growth on Stellar Network is unlimited compared to traditional methods with lack of on demand liquidity.
Ensure Security
Is Block-chain Secure?
- Block-chain technology achieves decentralized security and trust in several ways. To begin with, new blocks are always stored linearly and chronologically. That is, they are always added to the “end” of the block-chain. After a block has been added to the end of the block-chain, previous blocks cannot be changed.
- A change in any data changes the hash of the block it was in. Because each block contains the previous block's hash, a change in one would change the following blocks. The network would reject an altered block because the hashes would not match.
- credit to Kath O, RB, and Support Team on content provided.
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Wealth Academy Guide
Create a Lobstr Wallet
Create a Lobstr Wallet
Web application: Lobstr.co
Download Mobile Application: Android | Apple
Installing Lobstr Wallet
How to install Lobstr Wallet on your computer and phone.
Desktop Version: Lobstr.co
1 Type Lobstr Wallet in your browser.
2 Select Lobstr icon.
3 Tap on Get Started.
4 Complete CAPTCHA test for security verification
Mobile Device Version: Android | Apple
1 Search Lobstr app in either Apple App Store or Google Play Store.
2 Select Lobstr icon.
3 Click on install.
4 Once the app has been installed, click on the icon to open it up.
Create new account
You will need an Email Address to setup login.
- You will access to need to verify/confirm via email communications
Public Stellar Address: | Auto Assigned
- A string that's 56 characters starting with 'G'
Create a federation address: | Optional
- Personalized, both will navigate to your wallet.
Secret keys:
- A string that's 56 characters starting with 'S' | Main key to your funds
Seed Phrase, Passwords need to be stored offline in a safe place.
NEVER SHARE SECRET KEYS OR SEED PHRASE with ANYONE.
Add XLM to Fund your newly created wallet to unlock trading options.
(Various ways to do this, depends on bank restrictions and location.)
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Wealth Academy Guide
HOW TO ADD A TRUST LINE
HOW TO ADD A TRUST LINE
Lobstr wallet allows a maximum of 1,000 trust lines.
- Each trust line requires a reserve of 0.5 XLM.
BY ASSET CODE:
*Using one device
1 Go to Lobstr’s homepage and select Home.
- Next screen will show My assets.
- Tap on the + icon on the top right corner and enter Asset Code in search box.
- Tap done when ready.
2 Search through list for the correct asset.
WARNING: Scammers create copycat tokens to appear authentic.
- Before adding an asset
Always verify the assets you are adding Issuing Address matches your vetted sources.
3 Tap the Add Asset button and trust line will now be listed under My assets.
BY QR CODE:
1 Take a picture of the Asset’s QR code.
2 Go to Lobstr’s homepage and select Home.
Next screen will show My assets.
Tap on the scan icon on the top right corner.
3 Select the picture icon on the bottom right corner.
Select asset from your gallery and tap on it.
Next screen will show Add New Asset.
Tap Sign Transaction, Confirm and Proceed, and then Add Asset.
Trust line will now be listed under My assets.
Using two devices
1 Display on your computer screen the QR code of the asset you wish to add.
2 Go to Lobstr’s homepage on your phone and select Home.
Next screen will show My assets.
Tap on the scan icon on the top right corner.
3 Scan the QR code shown on your computer’s screen.
Asset will now be shown on Add New Asset screen on your phone.
Tap Sign Transaction, Confirm and Proceed, and then Add Asset.
Trust line will now be listed under My assets.
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Wealth Academy Guide
HOW TO DO A TRADE BUY/SELL ORDER
How Do I Cancel a Buy/Trade Order?
HOW TO DO A TRADE BUY/SELL ORDER
1 Tap on the Trade feature in the side menu on Lobstr’s homepage.
- This will bring up a trading pair of XLM(Lumens) and USD Coin.
- Tap on the option Trade Custom Pair. You can now select the asset you wish to sell.
- Select XLM in the box to the left and the asset you wish to buy in the box to the right.
- You will need to add the trust line of the asset you wish to buy if it is not currently in your wallet.
2 Select Sell and it will bring you to a screen where you can set your order.
- Limit
+ This allows you to set your own custom price
+ Limit orders require 0.5 XLM to open the order until closed/filled.
- Market
+ Automatically sends the the order at the current market price
+ Additional fee's maybe included in the price. Slippage tolerance is factored in
+ If available supply has dropped into circulation this will completely fill the order based on current market rating
3 Fill in the amount of XLM you wish to sell.
- Confirm your order details and tap the BUY/Sell XLM button when ready.
Note:
If you already have the asset trust line setup in your wallet
You can navigate to the asset’s trust line and tap on the Trade option.
This will bring you to the Trade screen where you can fill out your order.
How Do I Cancel a Buy/Trade Order?
1 Go On the asset or select trade on side menu.
2 Click the clock top right to see your active orders
3 Click on the ones you want to cancel and select cancel order.
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