Blockchain Wallet to Giveaway $125m Worth of Free XLM as Airdrop

Stellar Foundation to Airdrop $150 Million in XLM to Blockchain Wallet Users

Stellar Foundation to Airdrop $150 Million in XLM to Blockchain Wallet Users

Founded in 2011, Blockchain.com is now the provider of the world's most popular bitcoin wallet and the most widely used bitcoin APIs. The generous give-away is meant to popularize Stellar and increase the attention from wallet holders to the technology and the company itself.

The Stellar Development Foundation, the nonprofit organization behind Stellar (XLM), announced on Tuesday that they will be doing the largest airdrop in cryptocurrency history.

Cryptocurrency wallet provider, Blockchain is planning largest give away ever involving $125 million worth of Stellar Lumens.

While to outsiders it might seem an effective way to boost the firm's customer growth and wallet usage, Smith said the airdrop is part of an effort to put "users first" and allow them "to test, try, trade, and transact with new, trusted cryptoassets in a safe and easy way".

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. As of this writing, Stellar (XLM) is the 6th largest cryptocurrency by market capitalization, standing in at $4.94 Billion.

Explaining the choice of Stellar for the airdrop, the blog says that Stellar's token (XLM) enables quick, low cost, worldwide transactions, even when millions of people are using it at once. There has been a significant uptick in the Stellar graph since the announcement was made. And we'll be partnering with charity: water to make donations in support of their mission.

Stellar co-founder Jed McCaleb, who also co-founded the Mt. Gox Bitcoin (BTC) exchange, said the distribution of XLM tokens creates "a more inclusive economy".

Blockchain.info wallet recently added XLM wallet support on the platform making it more converging for grabbing users base with their promising service.

Sending lumens for free is an invitation to communities to design the services they need.

Incoming! Great news today, as Stellar revealed the news that a BIG airdrop is coming towards Blockchain Wallet holders. Our hope is to eventually have global citizens own and use lumens, in both developing and developed economies. "By working with Blockchain to increase the availability and active use of lumens on the network, leveraging their nearly [30 million] wallets, we will increase the network's utility by many orders of magnitude". For more news updates and stories from the world of cryptocurrencies and the blockchain technology, stay tuned with us at Cryptoground!