Grayscale’s Newest Crypto Investment Trust Will Hold Stellar Lumens
Grayscale Investments, the digital asset management firm operating under the Digital Currency Group umbrella, is adding support for Stellar lumens with a new investment product.
The company announced Thursday that it was launching the Stellar Lumens Trust, a “single-asset investment product” which exposes investors to lumens (XLM), the native asset of the Stellar network. Grayscale already offers single-asset trusts for a number of other cryptocurrencies, including bitcoin [BTC], bitcoin [BTC] cash, ethereum, ethereum classic, zen, litecoin, XRP and zcash.
The Stellar blockchain was built as a low-cost payment network, Grayscale noted in a press release, with the goal of providing impoverished communities with access to financial services. Founded by , the Stellar project has notably attracted the interest of IBM, which is building a on top of the network.
In a statement, Grayscale managing director Michael Sonnenshein noted that “the launch of this product will expand our coverage of the digital asset universe.”
The company “will continue to provide investors access to established blockchain projects with substantial traction and resources,” he said.
Grayscale’s announcement comes on the heels of it existing customers that an investment vehicle for another of these established blockchain projects, ethereum classic, was not in any danger after on the network.
Stellar founder Jed McCaleb at Consensus 2018 image via CoinDesk archives.
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, a Swiss-based innovator in crypto, today announced its multifunctional blockchain platform engineered for anyone looking to enter the crypto world and launch a successful business or service.
CORION eliminates the guesswork for coin holders who typically monitor exchange rates closely in order to know when and where to use cryptocurrency.
Instead, CORION’s system features a stable price point against the USD and relies on demand-based coin emissions within the CORION community, which offers a helpful contrast to the fixed coin supply and of cryptocurrencies in the current system.
CORION is the gateway to the crypto world aiming to boost mainstream adoption with its easy-to-use interface and arsenal of crypto features all in one place. The CORION platform and ecosystem provides and hosts secure, convenient and instant financial transactions between members using CORION’s stable means of payment, and allows them to build a secure marketplace for their business or service.
“We have envisioned CORION as a boundless network of businesses and individuals to build a worldwide decentralized network that creates an unparalleled self-supporting global system,” said Miklos Denkler, Founder of CORION. “The core of the system is the unprecedented symbiotic relationship that will interweave the economic players worldwide, providing tools and conditions to do business either within a local community or around the globe in developed or in emerging regions. The question is who will benefit from the exponential growth of the cryptocurrency users?”
“As the recent rally of bitcoin and top 10 altcoins suggest, it has become clear that the number of cryptocurrency users will continue to grow,” said CORION’s cryptocurrency expert Zoltan Bor.
Mainstream users desperately seek a simple solution to enter the crypto world and use all of the possibilities it can offer, such as buying and selling on exchanges, transferring funds all over the world, and paying with the coins they have.
The platform is especially suitable for beginners and is engineered for enterprise with these key offerings:
MARKETPLACE: Engage partners and customers, and discover unbanked people worldwide as a service provider.
STABLE PRICE DIGITAL CURRENCY: Special automated inflation-deflation control assures the stability of CORION Coin, the payment medium of the Platform.
INCENTIVE-BASED DAILY REWARD SYSTEM: Users earn interest through the basic providers, without having to deposit or to pledge their coins.
MULTIFUNCTIONAL WALLET: Ensures the tools and backup for the players to transact in the most used cryptocurrencies as a unique payment gateway.
BUILT-IN P2P EXCHANGE: Theft-proof exchange starts with ETC/COR pair and enables use of the CORION Platform with FIAT and the most widespread cryptocurrencies.
CORION GAMIFICATION: ‘Earn and learn’ process enables users to win money as they learn how the platform works with entertaining activities and games.
CORION’s full concept and are detailed in the foundation’s . CORION is also providing an opportunity to support its mission with an upcoming token sale of the CORION Coin (COR) launching June 2017. For more information, please visit: .
About CORION
CORION is a Swiss-based multifunctional platform for businesses and individuals to join and build a worldwide decentralized network based on mutual benefits, simplicity, security, cost-effectiveness and speed. The Platform provides and hosts secure, convenient and instant financial transactions between the members using CORION, stable means of payment. The platform encourages users to build businesses and services on it and it is ideal for beginners and anyone looking to enter into the crypto world. For more information, visit .
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