Wednesday, May 12, 2021

StellarGlobal Founder Highlights Why Turing Contracts On Stellar Will Be a Game-Changer

Sam Conner, the founder of StellarGlobal, has some hours ago highlighted the reason why Turing Contracts on Stellar network will be a game-changer.

Turing Contracts On Stellar Will Be a Game-Changer

In a tweet on 10th April 2021, Sam Conner disclosed that Stellar developers have started launching their smart contracts on the testnet.

Read Also: Flare Networks Is Bringing Smart Contracts to Stellar Lumens (XLM)

StellarGlobal founder then highlighted three notable reasons why Turing Contracts on the Stellar network will be a game-changer.

Sam Conner tweeted, “Stellar dev community are already launching their own smart contracts on the test net. Turing Contracts on Stellar will be a game changer: 1. It will be cheaper 2. Introduction of real world asset/securities 3. More accessible.”

Read Also: From a Tech Perspective, Stellar (XLM) Has Always Been One of the Best Projects –Weiss Crypto

Interest-Earning Asset yXLM is Launching on Stellar

Ultra Stellar, a Stellar subsidiary platform that’s building the future of money on the Stellar network, has announced that an interest-earning asset yXLM is on the verge to be launched on the Stellar blockchain.

In a tweet on 8th April, Ultra Stellar stated that after the official launch of yXLM, Stellar users will be able to generate passive income with 5% APY.

Ultra Stellar tweeted, “Hey Lumenauts, we have a big announcement coming up soon. We’re launching interest-earning assets on Stellar. Can’t wait to generate passive income on Stellar with 5% APY? You can now do it with a new yXLM asset issued by Ultra Stellar.”

Ultra Stellar further explained that yXLM are liquid tokens that Stellar users can trade, redeem or send at any time, adding that 1 yXLM = 1 XLM + daily yield distributed to user’s account.

Read Also: Stellar Lumens (XLM) Joins Top 3 List of Most Popular Crypto Asset on Coinbase

Stellar Lumens (XLM) in the Market

Stellar Lumens (XLM) has been outstanding in the market over the last 24 hours. The cryptocurrency has been in correlation with its competing digital token XRP as the duo currently lead the top performing crypto chart.

At the time of filing this report, XLM is trading at $0.5691, with a relatively 16% price upsurge based on 24 hours estimation.


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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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