XLR is a proof of stake cryptocurrency that is meant to be fast, private and ecologically sound. At the present moment, it does not really do anything exciting. However, this is a pretty new currency, and investors may need to wait and see what this project looks like once the roadmap comes closer to completion.
It may be risky to make a Solaris investment this early in the game, but the price has held surprisingly well for an asset that is still so new in development. This is likely due to the fact that this coin has a very low supply of under 1.5 million. For reference, Bitcoin has a supply cap of 21 million.
While it’s not much to look at right now, XLR does have some great roadmap goals. The most exciting being that they will be integrating Zero-Knowledge privacy features into the project. Not many coins are doing this yet, and that could provide to make them a very unique asset. They will also be working on some valuable partnerships which will give investors places to spend their stakes and increase adoption of the currency.
Cryptocurrency enthusiasts can buy Solaris on a handful of exchanges, and the trading volume is decent here. That means that you’ll be able to conduct a trade for a good price that should be filled quickly, if not instantly. This coin has two trading pairs, but most of the liquidity is held within the Bitcoin pairing, making Ethereum a little bit useless here. If you plan to use the latter, then make sure you’re actually paying the fair market price for your coins. Utilizing low volume pairings can cost you a significant premium over other order books.
There’s a wide variety of wallets available for this asset if you’re looking for somewhere to store your coins. Investors can choose between downloads for Windows, Mac, Linux, Android and even Raspberry Pi! No matter which device you intend to host your wallet on, make sure that you immediately create a strong password, and then create an external backup of your wallet file someplace safe. These are both very important. If you lose either of them then you could be permanently locked out of your wallet with no course of action.