Blockchain.com Launches Stellar (XLM) Support And $125 Million XLM Airdrop

Marco Green
November 9, 2018

The firm added that the offering (nearly half a billion XLM at current prices) is so far the largest ever to be undertaken in the history of cryptocurrency, and it could "likely [be] the largest consumer giveaway ever". Earlier today, it was announced via a blog post that the Blockchain Wallet will now support Stellar Lumens (XLM) as well.

"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", the company said.

The world's most widely used wallet bitcoin wallet is giving away $125 million worth of the cryptocurrency Stellar to some 30 million people.

The strategy that Blockchain uses is a very targeted and smart one, as it draws the attention of a tight community of wallet holders who are interested in knowing more about the blockchain technology.

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. 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.

Currently, XLM has a valuation $0,26 per coin on CoinMarketCap making it the 6th largest cryptocurrency in the crypto space.

The company also addressed their move of adding the Stellar altcoin to their platform, stating that Stellar is built for scalability - and the XLM tokens support low cost and quick transfers across the world.

Stellar Development Foundation co-founder Jed McCaleb said in the release that the foundation believes airdrops are key to building a "more inclusive digital economy". The announcement came soon after the People's Bank Of China (PBoC) made public a financial report labeling all ICOs, tokens and even Airdrops as illegal. It is also partnering with charity: water to make donations in support of their mission. Prior to Stellar's listing, the digital wallet had only supported Bitcoin and two other altcoins (Ethereum & Bitcoin cash).

Giving away lumens to their broad, multinational userbase will grow Stellar where we most want to see growth: at the frontier of crypto adoption.

This crypto giveaway is by far the biggest crypto airdrop."The goal is to dramatically speed up adoption of the Stellar Lumens platform", Blockchain CEO Peter Smith told Yahoo Finance UK. Our hope is to eventually have global citizens own and use lumens, in both developing and developed economies.

Other reports by Click Lancashire

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