Blockchain Wallet Announces Stellar (XLM) Airdrop Worth $125 Million

Lloyd Doyle
November 9, 2018

This airdrop will put the Stellar name and technology in front of Blockchain's 30 million account holders, and will bring many new users into our ecosystem.

Stellar Lumens (XLM) has announced on their website a massive Airdrop worth approximately 125 million dollars in XLM (500 million XLM) to users of leading digital asset wallet provider, Blockchain. Giving away lumens [XLM] for free is an invitation to communities to design the services they need.

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 total value of the airdrop: $125 Million worth of XLM.

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. "By working with Blockchain to increase availability and active use of lumens on the network, we will increase the network's utility by many orders of magnitude". "By working with Blockchain to increase the availability and active use of lumens on the network and leveraging their nearly 30 million wallets, we will increase the network's utility by many orders of magnitude". Along with their partnership to allow Stellar to launch the airdrop, they are also looking to improve the adoption that the Stellar Lumens have in the marketplace, including other initiatives to move it along. The generous give-away is meant to popularize Stellar and increase the attention from wallet holders to the technology and the company itself. Though the full details are not available right now, The Block reports that additional information will be available in the "coming weeks".

When Stellar was originally created, they established 100 billion lumens.


Smith says the distribution process will take place over a period of several months, and that the amount of Stellar users will receive will vary somewhat based on geography.

While Blockchain's Stellar airdrop is big, it's still just a small phase of the distribution.

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. Blockchain (formerly Blockchain Info) are the creators of the most popular online crypto web wallet, which is facilitating the airdrop.

"The folks at Stellar, including Jeb, are really mission-driven and what they want to see is the adoption of their protocol". Share your thoughts in the comment section below.

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