Stellar unveiled its largest airdrop to date, worth over $120 million in XLM.
The Stellar Development Foundation (SDF) in partnership with Keybase, a free group messaging community and file transfer hub, announced that 2 billion XLM will be given away over the next 20 months. The airdrop will be directed to Keybase’s user base that accounts for over 300,000 accounts and will be divided in 100 million XLM per month distributions.
This incentive is expected to bring new users to the messaging platform and its continuation will depend on hitting “basic success metrics,” according to Cathy Corwin, a spokesperson from Inkhouse, Keybase’s PR agency.
“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,” reads the announcement.
The airdrop not only represents an investment in a project that upholds the vision of the Foundation but it will also help to expand the adoption of XLM by getting it “into the hands of real people,” as stated by Denelle Dixon, CEO of Stellar Development Foundation. Dixon said:
“Our focus is global financial inclusion using blockchain and other technologies, focusing on the unbanked, and so from our standpoint, what this kind of thing does as an airdrop, is it actually brings more attention to the ability for technologies like this to be able to effectuate nicely, cleanly and efficiently, cross-border transactions to help the unbanked and others out there in the world.”
“Lumens into the world”
Under the mission to “unlock the world’s economic potential,” the Stellar Development Foundation was founded in 2014 as a non-profit organization. At the genesis block, the SDF created 100 billion XLM tokens.