We provide an open-source hosted web client, where the keys are encrypted client-side to your password so we don’t have access to your funds. The supply of stellar will increase at 1% per year.
The network has been initialized with a supply of 100 billion stellars. 5% will be used to fund operations of the nonprofit (its spending, including employee compensation, will be public), and the remaining 95% of the stellars will be distributed for free as quickly as we can manage. We want anyone to be able to get onto the network, and we’re correspondingly going to apportion the giveaway as follows (see our mandate for more details):
- 50% of the total will be distributed to people who sign up for an account.
- 25% will be distributed by other nonprofits focused on financial inclusion.
- 20% will be given to current Bitcoin and Ripple holders—two systems that Stellar owes a lot to.
We’re starting the main giveaway now. Note that we’re still ensuring the stability of our own systems, so we may have to limit the rate of stellar distribution at first.