Free lumens will be accessible to all Blockchain Wallet users, with first batch of recipients to receive lumens this week. Move directly supports Blockchain’s mission to help users interact with crypto assets in a safe and easy way.
Today Blockchain, the leading software provider for cryptocurrency, announced a partnership with the Stellar Development Foundation (stellar.org) to distribute $125m worth of Stellar lumens [XLM] to its users. This represents the largest airdrop in the history of crypto, and potentially the largest consumer giveaway ever.
Accessible to anyone with a Blockchain Wallet, the first batch of recipients will receive their lumens, Stellar’s native digital currency this week – for free. The Stellar network is built for scalability and is supported by a world class development community. Its lumen token enables quick, low cost worldwide transactions, even when millions of people are using it at once.
Peter Smith, CEO at Blockchain, said: “At Blockchain, we’re committed to putting our users first. Providing exclusive access to the next generation of cryptoassets allows new and existing users alike to test, try, trade, and transact with new, trusted cryptoassets in a safe and easy way. We’re empowering our users with private keys, which allow them to go beyond just storing their crypto to actually using them. In turn, we can help build a bigger and more engaged crypto community, and drive network effects that make the ecosystem more useful and valuable for the many rather than the few.”
Stellar is Blockchain’s first airdrop partner following the launch of the company’s Airdrops Guiding Principles framework in October 2018. “We were looking for a protocol and network built for scalability, with an active and rapidly growing ecosystem. Stellar was a clear frontrunner and we’re excited to be working with their world-class team,” said Peter Smith.
Jed McCaleb, co-founder of Stellar Development Foundation, said, “We believe that airdrops are central to creating a more inclusive digital economy. Giving away lumens [XLM] for free is an invitation to communities to design the services they need. Our hope is to eventually have global citizens own and use lumens, in both developing and developed economies. By working with Blockchain to increase the availability and active use of lumens on the network, leveraging their almost 30m wallets, we will increase the network’s utility by many orders of magnitude.”
As part of the airdrop, Blockchain is also partnering with a number of organizations, including charity: water, Code.org, Network for Good and the Stanford d.school’s emerging tech initiative, who share the company’s vision for using this transformational technology to build a better future. Blockchain plans on revealing specific details of each initiative in the coming weeks.
Carissa Carter, Director of Teaching and Learning at the Stanford d.school’s emerging tech initiative, said, “The strength of any network is derived from innovation. We are excited to join Blockchain on this airdrop to empower some of the most brilliant and creative minds to start experimenting and building on Stellar’s network.”
Users can sign up to receive their free lumens at: www.blockchaincom/getcrypto.