Big Stellar Airdrop Lifts XLM Prices to Five Week High

Stellar Becomes Fourth Token To Join The

Now, Blockchain.info also intends to integrate Stellar into their crypto wallet. An airdrop totaling $125 million worth Stellar token (XLM) has been deposited by the wallet to its user platform as the United Kingdom based digital wallet showed full support for Stellar.

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

While $125 million worth of Stellar Lumens (about 500 million XLM tokens at today's price of $0.25) may seem like a lot to be given away, in the big scheme of things, it's not. Meanwhile, the Ethereum and bitcoin networks too can handle such transactions would be at risk of increase transaction processing fees for the entire network. Priority is given to those with the oldest accounts on blockchain and participants must be willing to verify their identity.

Users can participate in the free airdrop with a waitlist, steps are mention below.

This airdrop is coming as a part of the Blockchain Wallet's "Blockchain Airdrops" program, which they had announced in mid-October. Lastly, Stellar has a world class development community and a vibrant, functioning ecosystem.

In a statement, McCaleb described the arrangement this way: "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", said McCaleb. Our hope is to eventually have global citizens own and use lumens, in both developing and developed economies.


Smith added that the by performing the airdrop, Blockchain would give its customers more utility by way of introducing "high-quality coins", in this case, Stellar Lumens. "By working with Blockchain to increase the availability and active use of lumens on the network, leveraging their nearly 30 million wallets, we will increase the network's utility by many orders of magnitude".

We're starting with Stellar because its network is built for scalability. "Stellar was a clear frontrunner, and we're excited to be working with their world-class team".

As part of the airdrop, Blockchain is looking to partner with other enterprises.

Blockchain.com also announced that it will be partnering with a number of organizations on this airdrop, including the Stanford d.school's emerging tech initiative, Code.org, and Network for Good.

Blockchain strives for aiding thousands of companies and personalities all over the world enabling them to kickstart on digital assets.

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