Sunday, 18 November, 2018

Crypto Wallet Firm Blockchain to Airdrop $125 Million in Stellar

Blockchain is Airdropping $125M in Stellar Lumens to Its Wallet Users Blockchain Announces $125 Million 'Airdrop' of Stellar Cryptocurrency
Jean Garcia | 09 November, 2018, 16:45

"Giving away lumens for free is an invitation to communities to design the services they need", said McCaleb.

Stellar Lumens is recovering strongly, with a 3% gain on the day and nearly 20% over the week XLM is one of the market's top performers right now. Blockchain highlighted on its blog that this airdrop of tokens is the largest in the history of cryptocurrencies.

Blockchain has already incorporated Stellar (XLM), making it the fourth platform-compatible crypto, along with Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH).

The Stellar Development Foundation (stellar.org) and Blockchain Wallet will distribute $125 million worth of Stellar lumens [XLM] to Blockchain's users. Earlier today, it was announced via a blog post that the Blockchain Wallet will now support Stellar Lumens (XLM) as well. "XLM is provided on a first come first rewarded basis, with priority for those with the oldest, completed (i.e., accounts with a verified email address) Blockchain Wallets".

While to outsiders it might seem an effective way to boost the firm's customer growth and wallet usage, Smith said the airdrop is part of an effort to put "users first" and allow them "to test, try, trade, and transact with new, trusted cryptoassets in a safe and easy way". Our hope is to eventually have global citizens own and use lumens, in both developing and developed economies.

California shooting: what we know about the gunman
A crisis intervention specialist was called to his house and talked to him, but left without taking him into custody, Dean said. Marine Corps issued a statement extending "its deepest condolences to the families of the victims in this senseless tragedy".

He says working with Blockchain will increase the availability and active use of lumens on its network.

Blockchain now has over 30 million wallets under its "belt", with wallet holders from over 140 countries. "We were looking for a protocol and network built for scalability with an active and rapidly growing ecosystem", he said. "Stellar was a clear frontrunner, and we're excited to be working with their world-class team".

Editor's note: Following the publication of this story, a representative for Blockchain clarified that IBM is not part of the airdrop project as was originally stated in press statements. Including the non-profit fundraising software Network for Good, Stanford's emerging tech initiative and the online computer science education system Code.org. More details on those partnerships will be revealed in the coming weeks! Blockchain company provides cryptocurrency digital wallets for retail investors around the world. Recently, with the leadership of Lightspeed Venture Partners and Google Ventures, the company successfully raised over $70 million in funding.

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