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Stellar and Keybase Partner For $120 Million XLM Airdrop

Stellar and Keybase Partner For $120 Million XLM Airdrop
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Keybase, the messaging service, is partnering with the Stellar Development Foundation to commit to an airdrop worth 2 billion in XLM. This is the biggest airdrop in the entirety of Stellar’s existence and is worth around $120 million in USD.

It will be broken up into 20 months, with around 100 million XLM each month.

This is huge for cryptocurrency trading, considering that Keybase has around 300,000 users on its network.

Shared exclusively with CoinDesk is a relevant blog post that claims “all you have to do is have an authenticated Keybase account, and your XLM will appear in your wallet – automatically, every month, for as long as the airdrop continues.”

However, while the plan is to do 20 or so months, the company will stop at three if there isn’t much reception to the project.

Related: Check out our guide on the best cryptocurrency exchanges.

Also speaking to the publication was CEO of the Stellar Development Foundation Denelle Dixon. There, she had said “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 really great way. And we will have checks along the way.”

The two companies have been partners for a while now, starting back in March of last year when Stellar provided a large amount of funding to Keybase.

“The number seems much more rational when looked at over a 20-month period,” says Dixon. It demonstrates that we think this is a valuable opportunity for users of Keybase to get to know us. They aren’t crypto-first.”

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Max Moeller

Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend. LinkedIn: https://www.linkedin.com/in/maxwell-moeller-912044b4/

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