Airdrops have become a highly popular way of supporting crypto adoption.
The Stellar Development Foundation is the nonprofit organization between the Stellar (XLM) project. It just announced a pretty massive piece of news – they will be doing the most extensive airdrop in crypto history so far.
The airdrop of $125 million worth of Stellar Lumens (XLM) will be distributed to users of the popular Blockchain Wallet.
XLM airdrop most important details
The very first batch of the airdrop distribution is set to start this week, and every new user who will be signing up for a Blockchain wallet will receive $35 worth of XLM. The rest of the XLM token in the airdrop will be given to new and old Blockchain wallets.
Here are the main requirements that make a user eligible for the airdrop, as presented by Blockchain:
- “Offer available until XLM giveaway supply is depleted. Limit of one XLM airdrop per person, unless participating in any bonus activities.”
- “A person can receive the XLM airdrop in only 1 Blockchain Wallet. XLM is provided on a first come first rewarded basis, with priority for those with the oldest, completed (i.e., accounts with a verified email address) Blockchain Wallets.”
- “Participants must have an eligible account, be willing to verify their identity, and reside in an eligible market or jurisdiction.”
The partnership between the Stellar Development Foundation and Blockchain
The airdrop was indeed initiated by Stellar, but it’s only possible thanks to the partnrership with Blockchain.
Blockchain created one of the most popular web-based crypto wallets with more than 30 million user wallets and over $200 billion transacted.
They claim to be the most trusted crypto wallet on the market.
Co-founder of Stellar, Jed McCaleb, stated that giving XLM away for free “is an invitation to communities to design the services they need. By working with Blockchain to increase the availability and active use of lumens on the network, we will increase the network’s utility by many orders of magnitude.”