Stellar | About Stellar Development Foundation (2024)

The Foundation

Built for a Mission

The Stellar Development Foundation, or SDF for short, is a nonprofit organization created and structured to achieve a mission: creating equitable access to the global financial system through blockchain technology. We believe that some of today’s financial systems aren’t designed for everyone and that by leveraging networks like Stellar, we can do our part to change that.

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Our Mission

Why What We do Matters

The way the global financial system is structured today, the deck can be stacked against people based on the circ*mstances into which they were born. The Stellar network offers a way to create a more accessible system that lets people participate in a worldwide, stable, financial network regardless of where they live.

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Ecosystem Support

Unlocking Potential

SDF is committed to the growth and development of the network, dedicating its time and resources to help unlock the potential of builders and entrepreneurs worldwide who are solving the financial access problem for their communities. As a nonprofit, we are focused on achieving our mission. This means we do what’s good for the health of the network and our mission for financial access. This means we do what’s right for the builders, changemakers, and problem solvers that will get us there.

Track Our Progress

Committed to Transparency

SDF shares openly how we’re working to make the network a success by providing strategic direction of the network in collaboration with ecosystem participants, providing funding for network builders, and fostering partnerships and dialogue with public and private stakeholders that influence the future of the technology. We track our progress in the open.

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Roadmap

Utility is the growth exponent. It is the roadmap that leads to and relies on network effects.

Explore

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Quarterly Reports

Foundation

SDF quarterly reports outline the organization's achievements, spanning from network updates to ecosystem developments to advocacy in policy and…

View

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Read the SDF Mandate

See all grants in one place and get live updates on our progress towards achieving our goals of greater access to the financial system.

Read the Mandate

Our Values

Outcomes. Urgency. Respect.

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Be outcome-oriented

We play to win. That means setting our sights and going for it. Working together to define the goal and driving forward to success.

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Build with urgency

The world won’t wait for us. We seek urgent, pragmatic solutions to difficult problems. That means working iteratively, learning and reinventing as we go.

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Speak with candor and listen with respect

We improve by listening and learning. And we speak candidly to offer colleagues the insight and support they deserve.

DEI Pillars

Committed to Equality

At the Stellar Development Foundation, our mission is to create equitable access to the global financial system. We firmly believe that to realize this mission, it is essential to foster an environment where a sense of belonging and inclusion thrives by empowering a diverse array of innovative ideas and inviting fresh and unconventional perspectives.

This commitment serves a dual purpose: it fuels the creation of tools that breathe life into our mission and reflects our core values. We know that our people are our most valuable asset. They are the driving force behind our ability to infuse diversity, equity and inclusion into every facet of our work and we’re committed to fostering an environment that inspires their best work.

Diversity

Strive to continuously reflect the diverse perspectives that future-proof our technology and enhance our product.

Equity & Inclusion

Foster belonging by committing to continuous learning and collaboration.

External Community

Equitably invest resources to advance our mission and further our impact.

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Careers

Join our Dynamic Team

Work with us at the Stellar Development Foundation. Transform financial systems and impact the world.

Stellar | About Stellar Development Foundation (2024)

FAQs

Who funds Stellar Development Foundation? ›

Stellar Development Foundation is funded by Stripe .

How does Stellar Foundation make money? ›

The Foundation is funded by lumens generated at the Stellar network's inception, and the Foundation's current lumen holdings can be viewed below. All of the lumens held by the Foundation will eventually be used to enhance and promote the Stellar network and to pay taxes as we do so.

Can Stellar Lumens reach $10,000? ›

Can Stellar Lumens reach $10,000? No. According to our analysis, there is no evidence that Stellar will reach $10,000.

Is Stellar proof of work? ›

Stellar is a Layer-1 blockchain that allows “developers to create applications, issue assets, and connect to existing financial rails.” Unlike most blockchains, Stellar does not use a Proof-of-Work (PoW) or Proof-of-Stake (PoS) consensus mechanism.

Who is the CEO of Stellar Foundation? ›

Denelle Dixon is the CEO and Executive Director of the Stellar Development Foundation, a non-profit organization using blockchain to unlock the world's economic potential by making money more fluid, markets more open, and people more empowered.

Who is the owner of Stellar? ›

Ravi Mohan Sethi – Chairman

Chairman and promoter of the Group, Mr. Ravi Mohan Sethi has over 13 years of experience in the real estate industry.

How many people own Stellar? ›

There are now over 7.5 million Stellar accounts, and each of them uses lumens to meet minimum balance requirements and pay transactions fees. A natural, pleasant, byproduct of having a network token is that it eases the movement of money between users.

How many people work for Stellar? ›

Stellar (construction company)
Company typePrivate
Revenue$585 million (2017)
Number of employees750+ (2018)
Websitewww.stellar.net
6 more rows

What is the revenue of Stellar? ›

Stellar Bancorp (NYSE:STEL) Full Year 2023 Results

Revenue: US$452.4m (up 75% from FY 2022). Net income: US$130.5m (up 154% from FY 2022). Profit margin: 29% (up from 20% in FY 2022).

How many XLM to become a millionaire? ›

- To become a Stellar Lumens millionaire, you'd need a significant holding of XLM. - At $1 per XLM, you'd need 500,000 XLM. - In an optimistic scenario, you'd need around 333,000 XLM if XLM's market cap reaches a level similar to Tether's (around 80-90 billion)².

What will XLM be worth in 2030? ›

Stellar (XLM) Price Prediction 2030
YearPrice
2025$ 0.11315
2026$ 0.118808
2027$ 0.124748
2030$ 0.144412
1 more row
2 days ago

Can XLM reach $50? ›

The Stellar coin forecast presented above provides valuable insights into the asset's long-term growth potential, with price projections ranging from as low as $0.25 to as high as $50 per XLM coin, underscoring the asset's long-term value.

Will XLM burn coins? ›

However, in November 2019, the Stellar Development Foundation burned over 50% of the supply, reducing the total to around 50 billion XLM. As of 2023, the circulating supply is approximately 25 billion due to subsequent smaller burns and the distribution of coins.

Is Stellar promising? ›

If you think blockchain will transform how money is sent around the world, Stellar could be a promising bet. But you have to be comfortable with the volatility and competitive risks of other cryptos in the payments space, like XRP. As always, only invest what you can afford to lose.

Will Stellar Lumens take off? ›

In the long term, the power-packed use case of Stellar will increase the XLM demand, driving the price higher. We expect the Stellar Lumens (XLM) Price to reach the height of $0.44 by the end of 2024.

Does IBM own Stellar? ›

It was originally created by Jed McCaleb, co-founder of Ripple, in 2014, and is now maintained by the Stellar Development Foundation, a non-profit organization. Stellar initially partnered with IBM in 2017 to use its technology to develop a blockchain-based payment platform for banks and financial institutions.

What is XLM backed by? ›

Of course, the coin's value is closely tied to its utility and ability to solve real-world problems. Lumens check both boxes because of Stellar's ability to process international payments quickly, efficiently and at low cost. Stellar also has the backing of some major players, including MoneyGram.

Is Stellar non-profit? ›

The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of Stellar, an open-source network that connects the world's financial infrastructure.

Is Stellar a bank? ›

Stellar has the expertise, resources and commitment to out-service the big banks and out-bank the small banks. We are the bank and the bankers to help your business thrive.

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