Blockchain Announces $125 Million 'Airdrop' of Stellar Cryptocurrency

09 Novembre, 2018, 16:46 | Auteur: Auguste Feret
  • Stellar Foundation to Airdrop $150 Million in XLM to Blockchain Wallet Users

According to Blockchain, this will be the largest airdrop in the history of crypto, and potentially the largest consumer giveaway ever.

Founded in 2011, Blockchain.com is now the provider of the world's most popular bitcoin wallet and the most widely used bitcoin APIs.

The intent of this give away is to popularize Stellar Lumens (XLM) and attract attention from wallet holders to the technology and company itself.

This airdrop is coming as a part of the Blockchain Wallet's "Blockchain Airdrops" program, which they had announced in mid-October.

The strategy that Blockchain uses is a very targeted and smart one, as it draws the attention of a tight community of wallet holders who are interested in knowing more about the blockchain technology.

The crypto wallet provider Blockchain on Tuesday said it will distribute cryptocurrency to millions of its users in what appears to be the largest such giveaway of its kind.

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Blockchain.info has a crypto wallet where users themselves take care of their cryptocurrencies.

Explaining the choice of Stellar for the airdrop, the blog says that Stellar's token (XLM) enables quick, low cost, worldwide transactions, even when millions of people are using it at once.

The Stellar community is supper excited amid the buoyant feel across the entire cryptocurrency market due to the current bullish trend.

The main motive for giving away stellar rather than other well-known cryptos such as Bitcoin or Ethereum, Blockchain clarifies in a blog post, is that its platform is appropriate for large-scale utilization.

Jed McCaleb, co-founder of the Stellar Development Foundation, believes airdrops can be powerful tools when it comes to building the crypto ecosystem and boosting mainstream adoption. The announcement came soon after the People's Bank Of China (PBoC) made public a financial report labeling all ICOs, tokens and even Airdrops as illegal. The company also stated that they will have charity-based tie-ups also where a portion of the airdrop will be provided for donations. Our hope is to eventually have global citizens own and use lumens, in both developing and developed economies. "By working with Blockchain to increase the availability and active use of lumens on the network, leveraging their nearly 30m wallets, we will increase the network's utility by many orders of magnitude".

Blockchain CEO Peter Smith told Fortune the company is working with Stellar in part because he believes it represents a superior blockchain capable of massive transaction volumes.

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