Decentralized Finance (DeFI) Is Coming To Stellar Lumens (XLM)
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Tor Project, nonprofit defending privacy and freedom online, has announced that XLM donations will be matched by Stellar from the moment of the announcement to the end of April.

Tor project aired this new development via its official Twitter handle on 3rd April 2020. The report stated that the Stellar community should maximize the opportunity to make an impact.

Tor Project shared this, “Now through the end of April, XLM donations to the Tor Project will be matched by Stellar. “There is no better time than now to dig deep and magnify the Stellar community’s impact on these nonprofits.”

The report furthered that donations will be matched up to a sum of 1.9 million XLM worth $79,300 on a ratio 1:1 basis in April. The initiative will be launched by the foundation with a donation of 100,000 XLM to each of the charities.

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The fundraising director for Tor Project, Sarah Stevenson tweeted that 20% of its individual donations are in the form of digital currencies.

“Thanks again to Stellar for sponsoring this match to Tor Project! We are seeing a boost in donations via other cryptocurrencies as well! Currently cryptocurrency donations make up 20% of our contributions from individuals. You rock!” Sarah Stevenson shared.

Meanwhile, Tor Project started accepting some other cryptocurrencies in March 2019. Initially, only Bitcoin (BTC) was acceptable for donation.

Tor Project has now added other digital currencies such as Dash (DASH), Bitcoin Cash (BCH), Ethereum (ETH), Monero (XMR), Litecoin (LTC), Stellar Lumens (XLM) Augur (REP), and ZCash (ZEC), to its available options.

Stellar Lumens (XLM) in the Market

The cryptocurrency market is indicating another phase of gains at the moment. And Stellar Lumens (XLM), the 13th largest digital currency by market capitalization, is so far one of the best performers among the top 20 cryptocurrencies, in terms of price, over the past 24 hours.

At the time of writing, XLM is trading at $0.045466, with a relatively 9% price upsurge based on 24 hours estimation.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.