Blockchain Wallet is Giving Away $125 Million Worth of Stellar Lumens

Mae Love
November 9, 2018

Those with minimum $25 worth of Stellar Lumens in their account will qualify for the airdrop and users also need to register for the airdrop.

U.K-based crypto wallet provider Blockchain.com (formerly Blockchain.info), has officially added support for Stellar (XLM), one of the top cryptocurrencies in the crypto industry. We're giving them all away.

Blockchain.com had been listed on LinkedIn as one of the top ten leading cryptocurrency exchange wallets in the United Kingdom that is highly sorted after. The only one that comes close to it is Dfinity's airdrop, which happened in June and was worth $35 million.

Anyone who would like to help from the free $25 per person airdrop must sign up for a Blockchain wallet and be willing to verify their identities. Participants must also reside in an appropriate legal jurisdiction for the airdrop.

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

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.

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Blockchain is a well-established and reputable company, and describes itself as the "most trusted cryptocurrency wallet" that offers the "lowest fees in the industry".

Blockchain said it is partnering with a number of organizations on Stellar airdrop, including the Stanford d.school's emerging tech initiative, Code.org, and Network for Good.

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". Though the full details are not available right now, The Block reports that additional information will be available in the "coming weeks". Now, it is the duty of the Stellar Development Foundation to oversee the distribution of 95 billion of these lumens. Just follow the steps and you are good for the airdrop.

As Blockchain's Stellar Lumens airdrop will distribute almost 500 million lumens representing 2.6% of the total supply, we'll have to wait and see if this airdrop will have an effect on the price and adoption of Stellar.

This crypto giveaway is by far the biggest crypto airdrop."The objective is to dramatically speed up adoption of the Stellar Lumens platform", Blockchain CEO Peter Smith told Yahoo Finance UK. Share your thoughts in the comment section below.

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