The Blockchain portfolio plans to launch £ 150 million of Stellar cryptography to promote traditional adoption – TechCrunch


Blockchain, one of the world's largest cryptographic portfolios, plans to distribute a wide range of cryptocurrencies in a bold move to downsize the crypt's adoption to a more mainstream audience.
Blockchain and the Stellar Development Foundation ( will distribute $ 125 million of stellar lumens [XLM] to Blockchain users. Blockchain claims that this is the biggest drop in air in the history of the crypto, and potentially the greatest homage to the consumption of all time, and to most external observers, looks like this.
The critics of the move, however, may be claiming that it is a cynical move similar to low-cost marketing techniques. In any case, most people would probably say that someone would have liked to give them a little bit. bitcoin a few years ago … It remains to be seen, however, what effect it will actually have on the ground regarding the encrypted adoption.
Accessible to anyone with a Blockchain Wallet, Blockchain says the first group of recipients will receive their lumens, Stellar's native digital currency this week – for free. The Stellar network has acquired a reputation for scalability, with its token lumens that enables competitive, fast and low-cost worldwide transactions. He still has his critics, and not all cryptography fans will be impressed.
In a statement, Peter Smith, CEO of Blockchain, said: "In Blockchain, we are committed to putting our users first – exclusive access to the next generation of cryptoassets allows new and existing users to test, try , negotiate and make transactions with new and trusted cryptoassets in a simple and secure way.We give our users the possibility to have private keys, which allow them to go beyond simply storing their cryptography to actually use them.In turn, we can help build a bigger and more committed crypto community, and drive the network effects that make the ecosystem more useful and valuable to many than for a few. "
Stellar is Blockchain's first airdrop partner following the launch of the company's Airdrops Guiding Principles framework in October 2018.
Jed McCaleb, co-founder of the Stellar Development Foundation, said: "We believe that launches are key to creating a more inclusive digital economy. [XLM] it's free for communities to design the services they need. Our hope is to finally have global citizens who possess and use light, both in developing and developed economies. Working with Blockchain to increase the availability and active use of lumens on the network, taking advantage of their nearly 30 million portfolios, we will increase the usefulness of the network by many orders of magnitude. "
As part of the airdrop, Blockchain is also collaborating with a number of organizations to promote the use of lumens, including charity: water, Stanford,, Network for Good and IBM, which share the vision of # 39; company to use this transformation technology to build a better future. Blockchain plans to disclose specific details of each initiative in the coming weeks.
Carissa Carter, Director of Teaching and Learning at Stanford School, said, "The strength of every network comes from innovation.We are thrilled to join Blockchain on this airdrop to allow some of the brightest and most creative minds to start experiment and build on the Stellar network ".

[ad_2]Source link