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Anyone can deploy a node, but who owns 97% of the tokens? https://www.reddit.com/r/CryptoCurrency/comments/6bi958/ripple_was_100_premined_stellar_was_97_premin

• otoburb 9y ago
  I think the Stellar Foundation distributed 20% of the tokens so far (from the dashboard[1]), and holds back 5% of available token supply for their operating costs. Your point still stands though: like Ripple, Stellar's token supply is still in early stages of distribution which gives the respective foundations immense influence over the nascent networks. [1] https://dashboard.stellar.org/ https://dashboard.stellar.org/
• ewzimm 9y ago
  That information may not be accurate, but either way there's confusion between two related things: Stellar and lumens. Stellar is the technology which anyone can use to create tokens which may or not be exchangeable for other types of tokens created with Stellar. You can control 100% of the supply of the currency type of your choice within Stellar. The lumen is the native asset of the Stellar network intended to stabilize the decentralized network. This is mostly pre-mined. Its intended use is as a bridge to facilitate exchanges between different currency types. An inconsequential amount of lumens are used as transaction fees (less than one hundred-thousandth of $0.01) to fight spam.