Stellar Foundation Published Mandate For New Future Spending Plans

The stellar foundation published a mandate that clearly explains the plans for the future spending of the company. SDF has 30 billion Stellar Lumens (XLM) in possession which is roughly equivalent to $1.3 billion and the company aims to spend these funds on making Stellar bigger and to promote it further as we are reading in the XLM news today.

In the published mandate, the Stellar Foundation announced that they have actually set the funding aside. As of December, 20,9 billion XLM or $400 million has been transferred to escrow accounts that are set to unlock annually until 2023 and the rest of the funds will be distributed over the next ten years or maybe even sooner. The mandate indicates that about 12 billion XLM is allocated to direct development and these funds will be spent for the development of XLM as well as operational costs, policy efforts, salaries, and business relations. The Stellar development foundation noted that it often sells XLM in this category on exchanges and a part of the funds could end up in circulating supply.
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SDF has dedicated 10 billion XLM to use-cases investments and they will spend it on other projects, acquisitions and venture capital-style backing and the company separately allocated 2 billion XLM to support the ecosystem which involves grants to independent projects and future events. The SDF reserved 6 billion XLM for user acquisition and the funds in this category will go towards marketing campaigns but some of the funds will reach the users directly through in-app distribution and airdrops.

Back in November, SDF reduced the holdings from 85 billion XLM to 30 billion XLM and the token burn destroyed more than half of Stellar’s entire supply and they expected that this decision will boost the value of each XLM token so the ‘’SDF can be leaner and do the work it was created to do using fewer lumens.’’ Stellar discontinued inflation since the inflation rewards didn’t reach the ecosystem projects but the users often claimed the rewards for themselves. The end of inflation means that the entire ecosystem funding has to be drawn from the existing funds which is something the SDF’s new mandate should do this more effectively.