Stellar Lumens (XLM), Keybase Launch $120 Million XLM Airdrop | BTCMANAGER
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The Stellar Development Foundation (SDF), a non-profit organization that claims to be dedicated to supporting the development and growth of the Stellar blockchain network, is collaborating with Keybase instant messaging platform to organize a 2 billion ($120 million) XLM token airdrop to users of the messaging platform, according to a blog post on September 9, 2019.
Stellar Giving Away XLM
As stated in its blog post, Stellar Development Foundation (SDF) the team in charge of Stellar Lumens (XLM), the 12th largest distributed ledger technology (DLT) project in the world, and Keybase, an instant messaging platform with end-to-end encryption, are airdropping $120 million worth of XLM tokens to both existing and new Keybase users.
Specifically, the team says the airdrop is scheduled to last for 20 months, with 100 million (roughly $6 million) XLM tokens distributed to active Kaybase users each month.
The first 100 XLM token airdrop has reportedly been sent to eligible Keybase users, with each active user receiving $19.63 worth of XLM and the campaign will continue on the 15th of each month for the next 20 months.
Importantly, the team has made it clear that only Keybase accounts registered before September 9, 2019, will partake in the XLM giveaway. However, new users who sign up on Keybase will be required to connect their Keybase account to a GitHub or HackerNews account created before September 9, 2019.