Lumen (XLM) is the native cryptocurrency of the Stellar network. It serves as the primary asset used for transactions and provides liquidity within the Stellar ecosystem. Lumen plays a vital role in facilitating fast and low-cost cross-border payments and enabling the creation and exchange of digital assets on the Stellar network. It can be used as a bridge currency, converting various assets during transactions.

Holding Lumen (XLM) can offer several benefits, including: - Facilitating transactions: XLM serves as a medium of exchange within the Stellar network, allowing you to conduct fast and low-cost transactions, including cross-border payments. - Accessing Stellar-based services: Many applications and services within the Stellar ecosystem require XLM to participate, giving you access to a wide range of decentralized finance (DeFi) and other blockchain-based offerings. - Potential for appreciation: Like other cryptocurrencies, the value of XLM can fluctuate, offering the potential for capital appreciation over time. However, it's important to note that cryptocurrency investments carry risks and market volatility. - Voting and governance: Holding a certain amount of XLM can grant you the ability to participate in the governance and decision-making processes of the Stellar network.

There are many wallets that are compatible with the Stellar network including Lobstr, Keybase, and Solar.