Stellar and Blockchain to deliver the largest bitcoin giveaway ever

Heres-How-to-Prepare-for-125-Million-Stellar-XLM-Airdrop-for-Blockchain-Wallet-Users

The giveaway known in crypto terms as "airdrop" will see users get $25 each for an overall distribution worth $125 million.

Stellar Lumens (XLM) has announced on their website a massive Airdrop worth approximately 125 million dollars in XLM (500 million XLM) to users of leading digital asset wallet provider, Blockchain.

"Giving away lumens for free is an invitation to communities to design the services they need", McCaleb continued.

Blockchain.info has a crypto wallet where users themselves take care of their cryptocurrencies.

At the moment, Blockchain has chosen not to disclose the amount of XLM to be given away during each airdrop. Participants must also reside in an appropriate legal jurisdiction for the airdrop. Earlier today, it was announced via a blog post that the Blockchain Wallet will now support Stellar Lumens (XLM) as well. "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".

Editor's note: Following the publication of this story, a representative for Blockchain clarified that IBM is not part of the airdrop project as was originally stated in press statements.

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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. Also, established blockchain-based companies like cryptocurrency exchanges and wallet services carry out airdrops.

The blog further adds that Blockchain is also partnering with a number of companies for this airdrop, which include the Stanford school's emerging tech initiative, Code.org, and Network for Good.

Stellar development foundation (SDF), an organization consisting of several of the founders of stellar, has several times distributed stellar in different ways to new users.

As Blockchain's Stellar Lumens airdrop will distribute almost 500 million lumens representing 2.6% of the total supply, we'll have to wait and see if this airdrop will have an effect on the price and adoption of Stellar.

Blockchain.com pitched the mammoth offering as "the largest airdrop in the history of crypto and likely the largest consumer giveaway ever", suggesting that airdrops are "a great way to drive decentralization and adoption for new networks".

Do you think crypto giveaways will help to catalyze wider adoption of cryptocurrency? Share your thoughts in the comment section below.

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