Stellar News

Stellar to Airdrop 2 Billion XLM Crypto Tokens; chat and get paid

You can now chat with friends and family and get paid for doing so.

Keybase, a messaging service from Stellar Development foundation has today announced that it would be launching a 2 billion airdrop to its users. This airdrop will be the largest airdrop to ever released by Stellar, in the five years it has been in operation.

The airdrops are expected to last for about twenty months. The company however stated that only three months of airdrops are guaranteed and the continuation of the airdrops to other months will depend on certain market technicalities.

According to Stellar Development Foundation, Keybase messaging service currently has more than three hundred thousand active users. Users only require to have a valid Keybase account to receive their monthly share of XLM.

The company’s CEO, Denelle Dixon while speaking to CoinDesk, said that the Keybase platform is part of the company’s massive adoption strategy.

“The foundation’s mandate is to deliver lumens [XLM] into the world. This is part of that plan. The up to 2 billion is a great way. And we will have checks along the way.”

The CEO then went on to add that the airdrops campaign is an investment that upholds the company’s vision since Keybase shares several things with the cryptocurrency world.

It is important to note that the airdrop coincides with a number of Keybase update releases. Keybase users can send Stellar tokens to other phone numbers regardless of whether the other person has Keybase account or not. Keybase spokesperson pointed out that they will be adding more features, including XLM payment functionality on the platform.

It seems that Keybase has decided to follow what Twitter is doing; working with an established cryptocurrency instead of developing a new one. Hopefully, the airdrop will increase XLM users and help in raising the value of the crypto.

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coinmag

Daniel is an experienced writer with a keen eye on emerging technologies. He aims at educating the crypto community on the developments within the space.

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