Stellar Development Foundation transfers 9 billion XLM to three escrow accounts to reserve future funds

According to Crypto Briefing, the Stellar Development Foundation (SDF) issued a document outlining future spending plans. SDF currently holds 30 billion XLMs, which is equivalent to approximately $ 1.3 billion. The foundation's mission is to use these funds for development-primarily in the areas of development and outreach. SDF previously announced the mission in early November. Data today indicate that the foundation has set aside funds. As of December 20, 9 billion XLM (about $ 400 million) have been transferred to three escrow accounts, which will be unlocked year by year by 2023, and the remaining funds will be issued in the next 10 years or less .