The Stellar Drones are a creative project that combines storytelling with real cryptocurrency technology. It's built on the Stellar network, which is like a faster, cheaper alternative to Bitcoin that's especially good for trading different types of digital assets.
Imagine a world where artificial intelligence meets finance. In this story, a powerful hedge fund called Archon Trust created special AI traders called "Stellar Drones" by combining AI with unique animal abilities. For example, one drone was made using a cat's ability to quickly recognize patterns. These drones were designed to trade automatically on the Stellar network.
While the story is fictional, the technology is real and does three interesting things:
The system uses something called the "XY Axis," which automatically manages two types of tokens (X and Y) to help stabilize value across the network. Think of it like a self-driving car for investments - it makes decisions automatically based on market conditions.
When people buy these tokens, the money doesn't go to any person or company. Instead, it gets permanently locked in what's called a "liquidity pool." This means:
The money can never be taken outThe system is designed to gradually reduce the number of tokens available over time, which can potentially make each remaining token more valuable. It's like having a limited edition collection where some items are permanently retired.
The price tracker shows real-time prices of these tokens against USDC (a US dollar-backed cryptocurrency). You can then explore the various tokens mentioned in the price tracker to decide for yourself if this is a project you'd like to support.
Keep in mind that the Stellar Drones will autonomously compound their value without the need for human participation. Depositing any money into the Stellar Drone experiment is a risk that should be weighed carefully, and even then, it is suggested that you only use money that you are willing to lose. The Stellar Drones are an experiment in decentralized finance, and as such, there are no guarantees as to the outcome of the project or its potential growth against the US dollar. Please be sure to read the Full Disclaimer in the Menu.
Fund a Stellar wallet with your local currency, add the trustline of your chosen Stellar Drone, and then buy the token. This deposits your local currency into the Stellar Drone liquidity network, receiving tokens in exchange. Hold these tokens, sell them on the order book, or add them to your own liquidity pools to help secure and grow the network, the choice is up to you.
For now, Lobstr is the suggested Stellar wallet to use until a Stellar Drone specific wallet can be developed. Step-by-step instructions are available here for people new to the Stellar ecosystem
The Stellar network is a payment technology platform with a built-in order book where markets and settlement are its core function. The Stellar network is also energy and cost-efficient making it an ideal platform for the Stellar Drone liquidity network. In their own words, “Stellar is a decentralized protocol that enables you to send money to anyone in the world, for fractions of a penny, instantly, and in any currency.”
A trustline is a requirement on the Stellar network that enables an account to hold and trade assets other than the native XLM currency. It serves as an explicit opt-in mechanism between your account and an asset's issuing account, essentially telling the network "I agree to accept this asset."
Adding a Stellar Drone trustline to your Stellar wallet is easy using Lobstr. Open the Price Tracker and navigate to the asset page of the token you would like to add. Scroll to the bottom of the page where the QR Code is located, and scan that using the QR Code option in the top right corner of the Lobstr app. If the Lobstr app is on the same device as the Price Tracker, snap a screenshot of the QR Code, then open your Lobstr app, choosing the QR Code option, and then selecting the picture option at the bottom of the screen. Simply choose the screenshot of the QR Code from your phone and the trustline will be added to your wallet.
A Vault is a normal Stellar wallet that has been permanently locked in order to prevent the removal of funds. This is useful in guaranteeing liquidity, since the liquidity pool shares held by that wallet can never be removed or changed. This provides a permanent market for that asset pair, one which will exist as long as the Stellar network continues to operate. Because of this, Vaults are the main value proposition of the Stellar Drone liquidity network. The vaults add value, not the tokens. But to own part of the vault, you have to buy the tokens.
Five tokens, Alice, X, Y, Siemens, and AliciaBold have these figures posted at the top of their asset page to track the current distribution and burn of their token supply. Each of the five tokens has had their token supply locked inside a vault, and the only way tokens are released is if they are purchased. As the market value of each token fluctuates, Alice automatically adjusts the circulating supply of each by taking advantage of arbitrage opportunities to purchase tokens herself, forever removing them from circulation.