Cryptocurrency wallet provider, Blockchain is planning largest give away ever involving $125 million worth of Stellar Lumens. Those with minimum $25 worth of Stellar Lumens in their account will qualify for the airdrop and users also need to register for the airdrop. The first batch of coins will be distributed this week.
The intent of this give away is to popularize Stellar Lumens (XLM) and attract attention from wallet holders to the technology and company itself. Blockchain has revealed the amount of XLM will be given in each of the giveaways. Post the announcement, Stellar Lumens has gained over 3.5 percent.
In a blog post by the Stellar team:
“This airdrop will put the Stellar name and technology in front of Blockchain’s 30 million account holders, and will bring many new users into our ecosystem. Stellar will be only the fourth currency supported by Blockchain; we’re joining Ethereum, Bitcoin, and Bitcoin Cash as top-line options in one of the most popular digital wallets in the world.”
Blockchain has currently over 30 million wallet holders from 140 countries and has processed over 100 million transactions. Blockchain believes that XLM giveaway will increase awareness about cryptocurrencies and its versatility among the community.
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