Stellar plans to Airdrop 150 Million USD in XLM to Blockchain Wallet Users - Global Coin Report
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Stellar plans to Airdrop 150 Million USD in XLM to Blockchain Wallet Users

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Recently the Stellar Development Foundation partnered with Blockchain Wallet to airdrop $150 million value of XLM, to the owners of the wallet. The Block declared that the first batch of XLM would be shared this week for all users who signed up to use the Blockchain wallet.

The team behind the stellar Development Foundation hopes that this partnership will make XLM a real rival for other cryptocurrencies from the market.

The co-founder of Stellar, Jed McCaleb declared the following about the airdrop:

“We believe that airdrops are central to creating a more inclusive digital economy. Giving away lumens for free is an invitation to communities to design the services they need.

By working with Blockchain to increase the availability and active use of lumens on the network, we will increase the network’s utility by many orders of magnitude.”

Just $25 value of XLM each

To share some respect to the worth of XLM will distribute for each user, the team of Blockchain wallet declared that after verifying the identity when signing up to the wallet, $25 value of XLM will be shared to each. Furthermore,  there will be a first- come and the first-served clause in this airdrop which says:

Offer available until XLM giveaway supply is depleted. Limit of one XLM airdrop per person, unless participating in any bonus activities.

A person can receive the XLM airdrop in only 1 Blockchain Wallet.  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.

Participants must have an eligible account, be willing to verify their identity, and reside in an eligible market or jurisdiction.”

The eligible countries are right here. When the airdrop is collected, the owner can do whatever he wants with them.

Listing XLM on Coinbase?

The recent listing of Ox(ZRX) and BAT (Basic Attention Token) on USA’s popular platform Coinbase, there are speculations that Stellar (XLM) can become the future digital asset supported. Quite early this year, Coinbase also expressed to list other digital assets as Cardano(ADA), ZCash(ZEC), BAT, ZRX, XLM.

BAT and ZRX listed, it only remains the other three in the mind of many crypto traders.

Observing XLM, it might be the only gainer of all with double good news, the listing on Coinbase and the airdrop of XLM. Making it a huge interest to the digital asset in the markets.

What do you think about XLM’s airdrop? Thinking of participating?  Do you still believe XLM is the future one listed on Coinbase? Let us know your thoughts in the comment section below.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image Courtesy of Pixabay.

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3 Reasons Why WISE Token Could Be a Massive Winner in 2021

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After working in proprietary trading for over a decade, I decided to transition to crypto in early 2017.  Although crypto is significantly different from traditional capital markets, I managed to successfully find a niche for successful and opportunistic trading.  While 2017 was the perfect time to get involved, the past few years have proven to be a bit more challenging as far as generating ROI.

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Aluna.Social

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Mission Statement

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