Blockchain giving away $125 million in Stellar (XLM) tokens in biggest crypto airdrop ever

Blockchain wallet

Ever wanted some free crypto? Well if you have a Blockchain wallet you are in the money – or should that be in the Stellar Lumens.

Stellar and Blockchain are giving away $125 million worth of XLM to speed up adoption of the cryptocurrency.

Blockchain has 30 million customers and is one of the oldest wallet vendors around.

Get on the waiting list

In order to claim the airdrop, you need to join the waiting list here and be verified to use its exchange.

Blockchain has chosen XLM because it is “built for scalability”, says the blog post from the Luxembourg-based company.

The company is right in saying “this is the largest airdrop in crypto history”.

Whether the giveaway results in greater adoption may be another question altogether. It could be that most will either hodl or flip it on an exchange of choice. Blockchain also now includes transaction services as well as a wallet.

Stellar has been making great strides with adoption and boasts IBM as one of its major partners.

XLM/USD 1-hour chart

Giving it all away…

Stellar was founded by Jed McCaleb a co-founder of Ripple and now-bankrupt exchange Mt.Gox. It is similar to Ripple in that it was designed for fast and cheap cross-border transactions, but differs in that it is fully decentralised and has an open protocol. RippleLabs owns 60% of XRP supply.

Ripple has been giving money away to charity  for sometime and this move could be seen as McCaleb trying to out-do his old company.

Blockchain has a number of charitable partners for the airdrop detailed in the blog post:

“We’re also partnering with a number of organizations on this airdrop, including the Stanford d.school’s emerging tech initiative, Code.org, and Network for Good, who share our vision for using this transformational technology to build a better future. And we’ll be partnering with charity: water to make donations in support of their mission. More details on those partnerships will be revealed in the coming weeks! ”

More details can be found in the blog post here.

This is the first of many airdrops from the Blockchain Airdrops programme aimed at introducing its customers to  “the next generation cryptoassets”.

If you haven’t Blockchain wallet you haven’t used for a while, you’d better get over there and fire it up. You will need to verify your identity to use the Blockchain exchange service so have a passport or driver licence handy.

About the Author

Gary McFarlane
Gary has been writing about cryptocurrencies since 2013 and currently works as the cryptocurrency analyst at interactive investor, the UK's second-largest online investment platform. Gary contributes for Coin Intelligence News in a personal capacity and none of his commentary should be considered investment advice. Gary is the winner of the ADVFN International Financial Awards 2018 Cryptocurrency Writer of the Year. Contact Gary on twitter at: @gary_mcfarlane

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