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Blockchain plans to distribute $ 125 million worth of Stellar Lumens (XLM) to its 28 million users who register for the historic airdrop.
What a stellar idea!
The cryptocurrency portfolio provider Blockchain is planning to host what defines the "greatest cryptic homage in history". The company intends disperse $ 125 million in Stellar Lumens (XLM) to Blockchain wallet users who subscribe to the airdrop.
The first series of coins will be distributed this week.
At the moment, Blockchain has chosen not to disclose the amount of XLM to be distributed during each airdrop. The airdrop program is designed to facilitate the path for crypto-newcomers such as registering in trades, jumping through KYC circles and running the risk of depositing funds on an exchange can be overwhelming.
According to Blockchain White paper:
Airdrops, on the other hand, provides a free and transparent way for anyone with an Internet connection and an IT device to get crypto-assets at no cost.
Blockchain is of the opinion that flights have an incredibly wide range and can help to increase the use of cryptocurrencies and empower those who do not have access to traditional banking services.
Crypto Catalyzes Adoption
The president and chief law officer of Blockchain, Marco Santori, previously stated that "the launches have the power to decentralize the networks without the investment risks inherent in the ICOs and the intrinsic complexity of the mining sector". In addition, CEO Peter Smith said that the airdrop was designed to "put users first" and enable them to "test, test, negotiate and negotiate with new and trusted crypto-assets in a simple and safe way. ".
In the end, Blockchain hopes that the XLM tribute and its airdrop program will increase awareness of cryptocurrency and its versatility. The wallet provider has also collaborated with the Stanford School of Technology, code.org, charity: water and Network for Good for the further adoption of XLM.
Do you think that the cryptocurrencies will help to catalyze a wider adoption of cryptocurrency? Share your thoughts in the comments below!
Images courtesy of Shutterstock.
