ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Wednesday Nov 14th 2018
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Contact Us

Blockchain Wallet Provider Airdropping $125 Million In Stellar Lumens

By

Daniel

Putney

WriterETHNews.com

Call it a gift to the cryptospace.

Peter Smith, CEO and co-founder of the company and wallet service Blockchain, today announced a crypto giveaway to the tune of $125 million worth of Stellar lumens (XLM). Smith said the airdrop is in celebration of the company "adding full support for XLM in the Blockchain Wallet."

The giveaway is part of the company's Blockchain Airdrops program, announced last month as an effort to promote decentralization and adoption across cryptocurrency networks. The team believes that airdrops "serve a discovery function," allowing individuals to learn about new crypto-assets and participate within different networks.

Smith noted that Blockchain is starting its airdrop program with Stellar because of the network's scalability, low-cost transactions around the world, and overall healthy ecosystem, among other reasons. Further, the company is collaborating with various institutions on the airdrop, such as Stanford's design institute (or d.school), educational platform Code.org, and software company Network for Good.

According to Smith, the Stellar giveaway will be the largest airdrop in crypto history. Those who sign up and have their identity verified will receive $25 in XLM, until the $125 million is depleted. There is currently a waitlist to join.

Airdrops are a popular tool within the blockchain and crypto community. Giving away money is by no means a new economic concept, but in the world of crypto – where there are coins for everything from veganism and the LGBTQ+ community to doges and Japanese cats – the network effect becomes especially relevant.

It makes sense to offer millions in XLM when the cryptocurrency trails behind the likes of bitcoin, Ether, Ripple, and other coins, according to data from CoinMarketCap. Stellar, the thinking goes, will be more successful with more users. $125 million might as well be petty cash in terms of Stellar's long-term business goals.

Daniel Putney

Daniel Putney is a full-time writer for ETHNews. He received his bachelor's degree in English writing from the University of Nevada, Reno, where he also studied journalism and queer theory. In his free time, he writes poetry, plays the piano, and fangirls over fictional characters. He lives with his partner, three dogs, and two cats in the middle of nowhere, Nevada.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Stellar, XLM or other Ethereum wallets and exchanges news.