The Stellar Development Foundation (SDF) and Blockchain.com (Blockchain) jointly announced today SDF’s largest lumen (XLM) distribution to date: up-to-500 million tokens will be distributed to users of popular digital asset wallet provider, Blockchain.
This airdrop, worth up to $125,000,000 of XLM, will put the Stellar lumen token and technology in front of Blockchain’s 30 million account holders. Stellar (XLM) will be only the fourth crypto asset supported by Blockchain.com; it joins Ethereum (ETH), Bitcoin (BTC), and Bitcoin Cash (BCH).
Last month, Blockchain.com announced their new airdrop program for token-based networks, and Stellar’s XLM is the first token added since that announcement.
Why are we doing this? We’ve already shared our thoughts on how Blockchain Airdrops are a great way for crypto creators to drive decentralization and adoption for new networks. We think they’re great for crypto users too. They let you test, trade, and transact with the next generation of crypto assets without having to buy them or mine them. Your Blockchain Wallet has always been the safest and easiest way to use crypto. Now, with the launch of the Blockchain Airdrops program, you can count on your Blockchain Wallet as a place to learn and discover new assets, too – all for free. We’re starting with Stellar because its network is built for scalability. Its token, XLM, enables quick, low cost, worldwide transactions, even when millions of people are using it at once. Stellar can even create custom tokens representing real-world or virtual goods and services. Lastly, Stellar has a world-class development community and a vibrant, functioning ecosystem. We’re also partnering with a number of organizations on this airdrop, including the Stanford 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!