EXCHANGE BASIC ATTENTION TO STELLAR LUMENS
What do you need to know?
- The average time of the exchange of BAT to XLM — from 1 to 2 minutes
- Only 4 confirmations of the BAT are needed to complete the exchange
- Do not send BAT through a third party contract! Such transactions are not automatically processed. We accept transactions from the original BAT contract
- Memo is the XLM payment ID. If you need it when sending a transaction, be sure to include it
- If this is your first time using a Stellar Lumens account, you need to activate it. To do this, you need to send at least 1 XLM
A Brief History of Basic Attention
According to the creators of the Basic Attention platform, online advertising is extremely ineffective. To solve this problem, the Brave browser was created, which blocks unnecessary ads. Users who choose to watch ads are rewarded for their time spent in the form of a BAT token.
BAT smart contract
Do not send BAT through a third party contract. Our exchanger only accepts transactions from the original BAT contract.
To work with tokens, the wallet must have ETH. It is very difficult to calculate the exact amount of ETH to send a transaction. During periods of high load, it can change significantly. Each token can have a different transaction value. Therefore, it is better that the amount of ETH on the wallet is slightly higher than the average fee on the network at the moment. The average commission can be estimated using the Blockchair analytical service.
The system does not see the transaction, what should I do?
If the transaction has already been added to the blockchain, and the system has not seen it, contact technical support, we will be able to help you promptly.
A brief history of Stellar Lumens
Stellar is a publicly available decentralized marketplace with various assets in circulation. The platform also has its own open source cryptocurrency Stellar Lumens (XLM).
The currency is based on the Stellar Consensus Protocol (SCP), which is similar in principle to the BFT protocol of the Ripple platform, but has a significant difference — all network validators are equivalent, there are no central control nodes in the blockchain. XLM coin is more decentralized than Ripple, but less decentralized than Proof-Of-Work cryptocurrencies (such as Bitcoin and Ethereum).
Getting started with XLM
If this is your first time using an XLM account, you need to activate it. To do this, you need to send at least 1 XLM to it. As soon as the transfer arrives at your wallet, it will become active. This is done to protect against spam.
To store this currency, you can pay attention to special wallets Solar wallet and Lobstr.
What is a Memo and do I need to specify it?
When sending XLM, there is an additional Memo field. Memo is the ID of the payment. It is unique, and with its help the service identifies the sender and recipient. Many services have address protection, which does not allow transactions without Memo.
If you forgot to specify a Memo or entered it incorrectly, check if the transaction was sent. If the transaction is not sent, please write to our technical support. If the transaction has already been sent, you should write to the technical support service of the service to which you sent it.
Stellar Lumens blockchain speed and fees
XLM is considered to be a fast blockchain. The transaction is confirmed in a few seconds. The commission is very small, on average 0.00001 XLM.