Learning the friendly way

In a world where money moves faster and borders matter less, Tap (XTP) makes managing both crypto and traditional currencies feel refreshingly simple. Launched in 2019, Tap isn’t just another fintech platform, it’s a smart, user-friendly platform that brings banking and digital assets together in one place.

With its own ERC-20 token (XTP), Tap offers an all-in-one experience designed to give users more freedom alongside more flexibility. From holding multiple currencies to spending with a globally accepted Mastercard, Tap takes the complexity out of managing your money across borders.

Whether you’re deep into crypto, just starting out, or simply looking for a better way to send and spend worldwide, Tap helps you stay in control - with no condescending jargon, no complicated silo structures, just smarter finance at your fingertips.

How does Tap work?

At its core, Tap is a fintech platform that brings together traditional money management and modern crypto services in one easy-to-use app. Built for flexibility and ease, and as a solution to the founder’s initial problem, the platform allows users to manage both fiat and digital currencies from a single interface, without needing multiple tools or accounts.

Getting started is straightforward. Users complete a quick but thorough verification process, including standard Know Your Customer (KYC) and Anti-Money Laundering (AML) checks. These steps ensure Tap can operate securely and compliantly across different regions while protecting users and their funds.

Once verified, users unlock access to Tap’s multi-currency wallets, which support nearly 50 cryptocurrencies alongside major fiat currencies. Crypto can be bought using bank transfers or debit cards, and external wallets can be connected to bring funds into the platform. Users can also sell crypto and withdraw fiat directly to their bank account, or use any funds within the app to pay external bank accounts.

One of Tap’s standout features is its Tap Mastercard, available in both physical and virtual formats. The card connects directly to your Tap wallet, letting you spend crypto or fiat in real time, taking care of currency conversions behind the scenes. It works globally for ATM withdrawals and in-store or online purchases, with competitive FX rates and no hidden surprises. Depending on a user’s account level, qualifying transactions can receive up to 8% Cashback. 

Last but not least, Tap allows for instant crypto-to-fiat conversion. That means no waiting, no manual exchanges, and no disruption at checkout - your digital assets are as spendable as your local currency. All transactions are protected with advanced security features and encryption, keeping your money and data safe at every step.

Key features that make Tap unique

Tap distinguishes itself in the crowded fintech landscape through several innovative features that address real-world financial challenges. 

Instant global payments

The platform's instant transfer capability within the Tap2Tap network allows users to send money and cryptocurrencies to other Tap users completely free of charge, honouring Bitcoin’s initial peer-to-peer intention and making international remittances more accessible than ever before.

Real-time transaction alert system

The real-time transaction alert system ensures users maintain complete visibility over their financial activities. Every transaction, whether it's a crypto purchase, card payment, or fund transfer, triggers immediate notifications, providing peace of mind and enabling proactive account management.

Debit card directly linked to account

Global accessibility represents another cornerstone of Tap's unique value proposition. The integrated Mastercard enables ATM withdrawals and purchases worldwide, while the platform's foreign exchange conversion rates ensure users can spend confidently regardless of their location. This global functionality makes Tap particularly valuable for frequent travellers, digital nomads, and anyone conducting international business.

XTP token

By holding and utilising XTP tokens, users can access premium features including up to 8% Cashback on spending, reduced trading fees, decreased foreign exchange fees, higher card spending limits, and exclusive market insights. This tiered system creates tangible value for token holders while incentivising platform engagement.

Tap's smart trading router

This sophisticated system scans multiple exchanges and liquidity providers in real-time, automatically finding the optimal available prices for crypto transactions. This feature ensures all users receive top rates without needing to manually compare prices across different platforms.

What is the XTP token used for?

XTP is the native utility token of the Tap platform, built on Ethereum (ERC-20) and designed to enhance your experience across crypto and traditional finance.

Key Benefits:

• Reduced trading and FX fees for token holders
  
  
• Unlock premium tiers with perks like Cashback, higher limits, and priority support
  
  
• Instant, feeless peer-to-peer payments within the Tap network, ideal for remittances and cross-border transfers
  
  
• Access to premium features like increased limits, newsletters, and exclusive rewards

Tap (XTP) key growth factors

Adoption and User Growth

Tap's success directly correlates with user acquisition and platform engagement. Increased adoption of the Mastercard, growth in Tap2Tap network usage, and expansion into new geographic markets could positively impact XTP demand.

Strategic Partnerships 

Collaborations with financial institutions, crypto exchanges, and fintech companies could enhance platform utility and drive token value appreciation.

Regulatory Environment

Favourable regulatory developments in key markets, particularly regarding crypto integration with traditional banking services, could significantly boost platform adoption and token utility.

Technology Upgrades

Continued platform development, including enhanced security features, expanded crypto support, and improved user experience, supports long-term growth prospects.

It's important to make clear that crypto investments carry substantial risk, and past performance doesn't guarantee future results. Potential investors should conduct thorough research and consider their risk tolerance before making investment decisions.

How to Buy Tap (XTP)

You can buy XTP tokens in two main ways, whether you're new to crypto or already have some experience.

• Buy XTP with crypto 

If you already own Bitcoin, Ethereum, or stablecoins like USDT, you can swap them for XTP on exchanges like Bitfinex, Uniswap V2, or ProBit Exchange. Just create an account, deposit your crypto, and make the trade. Or buy directly through the Tap app, where the smart trading engine scans multiple exchanges to find the top prices automatically.

• Buy XTP with fiat money 

Prefer using your debit card or bank account? Download the Tap app, complete verification, and buy XTP directly with traditional currency. It's the easiest route for beginners as everything happens in one place.

Where to Buy XTP You'll find XTP directly on Tap and major exchanges like Binance, KuCoin, and Kraken, though availability varies by location. When choosing an exchange, compare trading fees, security ratings, and user reviews.

Pro Tip for Storage While the Tap app works great for daily use, consider a hardware wallet like Ledger or Trezor if you're planning to hold larger amounts long-term. Think of it like keeping small bills in your regular wallet but storing larger amounts in a safe.

Tap’s ecosystem at a glance

Tap brings together everything you need to manage money, whether crypto or fiat, into one seamless platform. Each feature is designed to solve everyday financial challenges, from spending to exchanging to sending money abroad.

Multi-currency wallet
Store and manage over 50 cryptocurrencies and major fiat currencies in one secure, easy-to-use wallet. Tap ensures safety with encryption and full regulatory compliance.

Tap Mastercard
Spend crypto or fiat anywhere Mastercard is accepted - online, in-store, or at ATMs. Choose a physical or virtual card and earn up to 8% Cashback as a premium user.

Smart Router

Trade any supported currency without limits. Tap’s built-in engine scans multiple exchanges in real-time to find the optimal rates automatically.

Community & Support
Join active Telegram and X channels for updates, tips, and support. Premium users get access to exclusive market insights and priority help.

A smarter alternative to traditional banking
While Tap isn’t a bank, it offers many things banks can’t - like instant crypto-to-fiat spending, global transfers with lower fees, and real-time access to digital assets. By combining these tools in one app, Tap simplifies money management for a new generation.

Final thoughts: Is Tap worth your attention?

In a nutshell, Tap (XTP) is a regulated fintech platform that integrates traditional banking features with crypto services. It offers secure asset storage, global spending via Mastercard, competitive exchange rates, and peer-to-peer transfers through its Tap2Tap network.

Appealing to a wide range of user groups: Tap offers travellers benefits like favourable exchange rates and card acceptance, cross-border users can enjoy free transfers, and crypto users can make use of the seamless spending experience. While the interface and onboarding processes are made accessible to both newcomers and active traders. 

Tap’s XTP token serves a functional role within the ecosystem, supporting platform utility rather than speculation. However, users should consider the volatility of crypto markets, regulatory variability, and competition from both banks and fintech firms.

For those seeking an all-in-one platform that connects traditional finance with crypto, Tap presents a practical and user-friendly option.

Got Bitcoin and wondering how to turn it into spendable money? You're not alone. Whether you're looking to realize your profits, pay for goods and services, or simply diversify your investment portfolio, cashing out Bitcoin can be a straightforward process with the right guidance.

This guide breaks down everything you need to know about converting your digital currency into cold, hard cash (or cold digital cash, if you prefer).

How to cash out Bitcoin

There are a few options available to you - all with varying degrees of accessibility and complexities. We’ll run through them below, see which one most resonates with your preferences.

1. Online exchanges 

Online exchanges are probably the simplest option here, depending on the platform. When selecting a cryptocurrency exchange to cash out your Bitcoin, consider factors like security measures, user reviews, trading volume, and withdrawal fees. Look for exchanges that offer a seamless user experience and prioritise the safety of your funds.

While crypto exchanges will charge a small fee, they also allow you to: 

• Sell Bitcoin directly
• Transfer money to your bank account
• Track your transactions easily

Using Tap as an example, the process would be to download the app, create an account, complete the quick identity verification process (<5 minutes) and then transfer your BTC to your unique BTC wallet.

To sell it, simply select Sell, confirm the transaction and choose which currency you would like to receive the funds in. These funds will then be deposited into the relevant wallet in the app, which you can use to pay bills, send to your fiat bank account, spend using your Tap card or withdraw from an ATM. 

Transaction costs: usually 0.5% - 1.5%

2. Bitcoin ATMs

Bitcoin ATMs are darted around countries (see here for specifics) and allow users to withdraw the local currency for Bitcoin. Note that this route is notorious for higher fees, so take note when confirming the transaction. 

The advantages of Bitcoin ATMs:

• Instantly converts Bitcoin to cash
• Get money right on the spot
• Available in many major cities

Transaction costs: 5% - 10%

3. Direct peer-to-peer selling

Kind of like selling something on Gumtree, but for Bitcoin. These websites connect you directly with buyers who want Bitcoin and have varying degrees of security and features. 

Be sure to use verified platforms with good reviews as scams can be rife. Some of these platforms offer escrow services, meaning that they hold the BTC until the payment clears, after which they release the funds. Look at options like LocalBitcoins.

Transaction costs: Varies

Steps to ensure security

Before cashing out Bitcoin, here are a few steps to take to ensure the safety of your funds:

• Use reputable platforms that are licensed and regulated.
• Use strong passwords and enable two-factor authentication for added security.
• Regularly update your wallet/app software to protect against potential vulnerabilities.
• Avoid sharing your sensitive information or private keys with anyone to prevent unauthorised access.
• Consider diversifying your funds across multiple wallets for added protection. 

Tax implications of cashing out Bitcoin

When you sell Bitcoin for cash in the UK, it’s important to understand the potential tax implications. HMRC treats cryptocurrency transactions as taxable events, meaning you may need to report and pay Capital Gains Tax on any profits from the sale.

Consulting a tax professional or accountant can help you understand your obligations and navigate the often complex waters of cryptocurrency taxation. They can ensure you comply with current UK tax laws and provide guidance specific to your situation.

It’s also very important to keep an accurate record of all your crypto transactions. Make sure to document the date of purchase, the sale price, and any associated fees, as these records will make it easier to calculate and report your gains or losses when filing your tax return. (Side note: you can download your statements directly from the Tap app). 

For more information, explore HMRC's guidelines on cryptocurrency taxation. Staying informed and organised will help you manage your tax responsibilities smoothly and avoid potential penalties.

Verification requirements

When cashing out Bitcoin on an exchange, verifying your identity is an important step to ensure the security of your transaction and compliance with regulations. If a platform doesn’t ask for this verification: red flag. 

Overview of the verification process

Exchanges need to complete this verification step to prevent fraud and follow legal requirements. You’ll typically need to provide:

• A valid ID for identity verification
• Proof of address, such as a utility bill
• Sometimes, a selfie for facial recognition

The specific requirements can vary based on the exchange and the amount of Bitcoin you’re selling.

Tips for a smooth verification process

• Have all your documents ready before starting to avoid delays.
• Double-check the accuracy of the information you provide to prevent verification issues.
• Follow the exchange’s instructions carefully to ensure the process is quick and secure.

Security considerations

When submitting personal information, always use a trusted exchange with a strong reputation for security. Look for platforms known for protecting user data to reduce the risk of breaches.

Understanding fees when cashing out Bitcoin

Cashing out Bitcoin usually comes with some costs, so it’s good to know what to expect.

Exchange Fees

Most crypto exchanges charge a trading fee when you sell Bitcoin. The fee varies depending on the exchange and the size of your transaction.

Withdrawal Fees

If you transfer your funds to a bank account or payment method, the exchange might charge a withdrawal fee. These fees can be higher for larger transactions.

Network Fees

Bitcoin transactions also include network fees (or mining fees), which go to miners for verifying and processing your transaction on the blockchain.

To reduce fees, look for exchanges with low rates, choose slower transaction speeds to save on network fees, and compare withdrawal options to find the cheapest one.

Timing considerations traders might pay attention to

Timing can play a big role in deciding when to sell your Bitcoin. Here are some key factors traders often look out for:

Market conditions

Traders recommend staying updated on crypto news and keeping an eye on price trends and market conditions.

Withdrawal limits

Traders advise knowing the withdrawal limits of the exchange before completing their cash out so as to plan their cash-out strategy and avoid delays.

Funds transfer time

Traders plan ahead, knowing that it can take a few business days for funds to transfer after selling Bitcoin (depending on which avenue you took) allows them to manage their finances more efficiently.

Other potential roadblocks

When cashing out Bitcoin, keep an eye out for potential roadblocks, like minimum withdrawal amounts, which could affect how much you can withdraw at once. 

Be prepared for account verification requirements, as exchanges often need you to verify your identity before processing transactions. On some platforms this can take days - not ideal if you’re trying to take advantage of price surges. 

You might also have to deal with geographic restrictions that limit access to certain exchanges based on your location. Be sure to check this before signing up with a platform.

Conclusion

Here we’ve covered the essentials of cashing out Bitcoin, from selecting an exchange to understanding taxes. If you’re new to cryptocurrency, take the time to learn about the process before selling, and remember that what works for one person might not work for another. Being prepared will help you make better decisions and avoid mistakes.

Tip: Start small, learn as you go, and don't be afraid to ask for help! Our friendly Tap support staff are there to help 24/7. 

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We’re excited to share that XTP trading is officially back online in the Tap app!

Following the successful integration of ProBit, a trusted exchange that continues to support XTP, users can now trade seamlessly within the app once again. This marks an important step in restoring access and strengthening the trading experience for our community

We know that waiting isn’t always easy, and we want to sincerely thank you for your patience and continued support throughout this transition. Your trust drives everything we do.

As always, we’re working behind the scenes to bring you more ways to access and use XTP, stay tuned for what’s next.

The Tap team.

If you’re new around here, yes, memecoins are a real thing. It might sound facetious, but memecoins have become a significant part of the crypto landscape. Let's dive in and understand what they're all about.

What are memecoins?

A memecoin is a type of cryptocurrency that's inspired by internet memes, jokes, or popular culture references. Unlike more serious cryptocurrencies like Bitcoin or Ethereum, which were created with specific technological goals in mind, memecoins often start as a joke or a light-hearted project with little utility, if any.

The term "meme" refers to an idea, behaviour, or style that spreads quickly within a culture, often through social media. Similarly, memecoins spread through online communities, gaining popularity and sometimes value along the way. Like their more serious counterparts, they can be traded on an exchange and are measured by their market cap.

The birth of memecoins

The concept of memecoins began in 2013 with the creation of Dogecoin. It was inspired by the popular "Doge" meme featuring a Shiba Inu dog. What started as a joke quickly gained a following and, surprisingly to many, actual monetary value. Dogecoin currently has one of the top 10 biggest market caps in the industry. 

Since then, numerous other memecoins have appeared, with names and themes often based on internet culture, celebrities, or even other cryptocurrencies.

How memecoins work

Technically, memecoins work similarly to other cryptocurrencies. They use blockchain technology and can be bought, sold, and traded on various cryptocurrency exchanges. However, there are some key differences that investors should take note of:

• Purpose

While many cryptocurrencies aim to solve real-world problems or improve existing systems, memecoins often lack a serious purpose beyond entertainment and speculation.

• Supply

Memecoins often have a much larger supply than traditional cryptocurrencies. For example, while Bitcoin has a maximum supply of 21 million coins, Dogecoin has no supply limit at all.

• Price

Memecoin prices are typically much lower per unit than mainstream cryptocurrencies, often fractions of a cent.

• Volatility

Memecoins can be extremely volatile, with prices potentially skyrocketing or plummeting based on social media trends, celebrity mentions, or community activities. As is the case with Elon Musk and Dogecoin, a mere mention creating hype and sending the currency price soaring.

The appeal of memecoins

Despite their seemingly frivolous nature, memecoins have gained significant popularity for several reasons. Many people are drawn to the fun factor, enjoying the playful, community-driven aspect of these cryptocurrencies. Their accessibility is another key appeal, the typically low price per coin makes memecoins feel more attainable to newcomers in the crypto space. 

The potential for dramatic gains has also attracted many speculators, as some memecoins have seen explosive price increases, fueling hopes for quick profits. But perhaps most importantly, memecoins often foster strong online communities, giving holders a sense of belonging and shared purpose. This community aspect can create a powerful network effect, further driving interest and engagement in the memecoin ecosystem.

Risks and considerations

While memecoins can be fun and exciting, they come with significant risks:

• High volatility: Prices can change dramatically in short periods, potentially leading to significant losses.
• Lack of fundamentals: Unlike more established cryptocurrencies, memecoins often lack solid technological foundations or real-world use cases.
• Pump and dump schemes: Some people manipulate memecoin prices for personal gain, leaving others with losses.
• Regulatory concerns: As cryptocurrencies face increasing scrutiny, memecoins might be particularly vulnerable to regulatory actions.

The most famous memecoins

While there are many memecoins, a few have gained significant attention:

Dogecoin (DOGE)

The original memecoin, which has gained a large following and celebrity endorsements.

Shiba Inu (SHIB)

Inspired by Dogecoin, it's become one of the most popular memecoins, currently in the top 15 biggest cryptocurrencies. 

Pepe (PEPE)

Based on the popular Pepe the Frog meme, this coin gained rapid attention in 2023 for its explosive growth and cultural resonance. At the time of writing, it was the 3rd biggest memecoin on the market.

Conclusion

Memecoins represent a unique and controversial aspect of the cryptocurrency world. While they can be fun and potentially profitable, they also carry significant risks. If you're considering investing in memecoins, it's crucial to do thorough research, understand the risks, and never invest more than you can afford to lose.

Remember, the cryptocurrency market is already volatile, and memecoins often amplify this volatility. Approach them with caution, and consider them more as a fun experiment rather than a serious investment asset.

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What is a stablecoin?

A stablecoin is a cryptocurrency that aims to keep its value consistent with a specific asset or group of assets, in other words, its value is pegged to the underlying asset. Unlike volatile cryptocurrencies such as Bitcoin or Ethereum, stablecoins aim to provide the benefits of digital currencies without the wild price fluctuations. Most commonly, stablecoins are pegged to fiat currencies like the US dollar, with one coin typically equaling one dollar.

How do stablecoins maintain their value?

Stablecoins use various mechanisms to maintain their peg:

1. Collateralised stablecoins

These are backed by reserves of the pegged asset. For every stablecoin issued, there should be an equivalent amount of the asset held in reserve (in a bank). Examples include USDC and USDT.

2. Algorithmic stablecoins

These use smart contracts and algorithms to automatically adjust supply based on demand, theoretically maintaining the peg. An example was TerraUSD (UST) before its collapse.

3. Hybrid models

Some stablecoins combine collateral backing with algorithmic mechanisms.

Maintaining the peg often involves continuous market operations, such as minting new coins when demand increases or burning excess supply when demand decreases.

What does it mean when a stablecoin depegs?

When a stablecoin "depegs," it means its value has deviated significantly from its intended peg. For instance, if a USD-pegged stablecoin trades at $0.95 or $1.05 instead of $1.00, it's considered depegged. Minor fluctuations are normal, but substantial or prolonged deviations indicate a problem.

Why does this happen?

Stablecoins can depeg for several reasons:

1. Market pressure: Extreme market conditions can lead to massive sell-offs, overwhelming the stabilising mechanisms.
2. Loss of confidence: If users doubt the stablecoin's backing or the issuer's credibility, they may rush to sell, causing a depeg.
3. Insufficient collateral: If a stablecoin isn't adequately backed by reserves, it may struggle to maintain its peg during high-stress periods.
4. Algorithm failures: For algorithmic stablecoins, flaws in the stabilising mechanism can lead to depegging.
5. Regulatory issues: Legal challenges or regulatory crackdowns can shake confidence in a stablecoin.
6. Liquidity crises: If there's not enough liquidity in the market, it can be difficult to maintain the peg.
7. External economic factors: Major economic events or changes in monetary policy can affect a stablecoin's stability.

What are the consequences of a stablecoin depegging?

The consequences of a stablecoin depegging can be severe and far-reaching:

Loss of user funds

Investors holding the stablecoin may face significant losses if the value drops substantially.

Market volatility

A major stablecoin depegging can trigger broader crypto market sell-offs and instability.

Loss of trust

Depegging events can erode confidence in the entire stablecoin market and the specific project.

Regulatory scrutiny

Such events often lead to increased regulatory attention on stablecoins and the broader crypto industry.

Disruption of crypto ecosystems

Many DeFi protocols rely on stablecoins; a depeg can disrupt these systems. And as stablecoins are often used as collateral, depegging can trigger mass liquidations and potential system-wide instability.

Project failure

In extreme cases, like with Terra/LUNA, a stablecoin depeg can lead to the complete collapse of the associated project and ecosystem.

Understanding the mechanisms behind stablecoins and the risks of depegging is crucial for anyone involved in the cryptocurrency space. While stablecoins play a vital role in the crypto ecosystem, providing a bridge between traditional finance and the volatile world of digital assets, they are not without risks. Be sure to always do your own research before engaging in the crypto space.

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Sitting among the 30 biggest cryptocurrencies by market cap, Stellar is focused on bridging the gap between the business of blockchain and the traditional financial institutions. The platform provides a means for users to send assets and money through the blockchain, utilising a decentralised network of authenticators.

Redefining the financial landscape, Steller presents a digital transformation on the traditional services users have become accustomed to. Merging innovation with a practical application, the network is able to help users around the world, as well as financial industries, achieve a more streamlined service. Let's explore what Stellar is.

What is Stellar (XLM)?

Before we dive into the "what", let's first stipulate that one stellar is known as a lumen and uses the ticker XLM. Stellar launched in July 2014 and soon afterwards changed its strategy to be more focused on integrating blockchain technology into financial institutions. 

The concept behind Stellar is to provide a space in which users can transfer everything from traditional crypto and fiat currencies to tokens representing new and existing assets, increasing their transaction performance by using lumens.

Similar to the Ripple XRP network, Stellar is designed to cater to both payment providers and financial institutions, building a bridge between the blockchain and traditional financial sector. Developing on the Ripple concept, Stellar has also positioned itself as an exchange as its ledger has an inbuilt order book that keeps track of all the assets on the network. 

Who Created Stellar?

The founders of Stellar are Jed McCaleb and Joyce Kim, both previously employees at Ripple. McCaleb, who founded and was acting CTO of Ripple, and lawyer Joyce Kim, decided to create Stellar after they left the Ripple team in 2013 following a disagreement on the direction that Ripple was taking. McCaleb is also credited with creating the first successful Bitcoin exchange, Mt Gox. 

McCaleb described Stellar's aim as giving people a means of moving their fiat into crypto and more seamlessly conducting international payments. The network provides cross border transactions with low transaction fees and fast executions. With leading technology and innovative problem solving, the network has made a healthy impression on both institutions and investors alike.

How Does Stellar Work?

Stellar is a hard fork off of the Ripple network with several similarities in design and functionality, however, the platform set itself apart by building in several key features. The platform is secured through the Stellar Consensus Protocol which revolves around these core business concepts: decentralised control, flexible trust, low latency, and asymptotic security.

The biggest upgrade launch came in 2015 when the platform replaced its consensus mechanism with a concept called federated Byzantine agreement. This required nodes to vote on transactions until quorums are reached. Anyone is able to join the consensus, and there are measures in place to inhibit bad actors operating with ill intent on the network.

The software behind the platform is called Stellar Core and can be altered to adhere to the needs of the operation using it. The nodes making up the network can be created to function as either Watchers, Archivers, Basic Validators or Full Validators. For example, watchers can only submit transactions while Full Validators can vote on which transactions are valid and maintain a ledger of all node activity.

Another element to the network is the Stellar Anchors. These gateways are responsible for accepting deposits of currencies and assets and issuing depictions of these on Stellar.

What Is XLM?

Known as lumens, XLM is the native cryptocurrency to the Stellar platform. XLM acts as an intermediary currency for transactions taking place on the network. With cost-effective experience priorities, every transaction on the Stellar network costs 0.00001 XLM, a fraction of a dollar (at the time of writing). 

When the platform launched in 2014, 100 billion lumens were minted, programmed to increase by 1% annually until the total supply reached 105 billion. Five years later the Stellar uses voted to end this process. 

That same year, in 2019, the Stellar Development Foundation (a non-profit organisation) reduced its share of XLM in order to regulate the Stellar economy. This brought the total supply down to 50 billion. At the time of writing, roughly 49% of this total supply is in circulation. 

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