Here is the link for my video that I made… I go into detail https://www.youtube.com/watch?v=lv7QRTMLCvM
No mining everything is in lumens
McCaleb is one of the developers, he created mt.gox and ripple.
Now he is at stellar.
Mission is to produce cheap and monteary services.
They are backed by IBM
Already compliant with all regulations
Jed McCaleb also announced that more than 30 banks would join Stellar/IBM blockchain project. Not only this but they also got included on the list of tokens that Nano Ledger S supports.