Blockchain, the Crypto wallet provider, is about to stage the “largest crypto giveaway in history”. The company has planned to distribute around $125 million in Stellar lumens (XLM) to the wallet holders of Blaockchain who have signed up for airdrop.
The tokens will be given to the first batch of recipients within a week’s time. However, the firm has not disclosed the XLM amount transferred to the wallets of the recipients.
After this news, Stellar has become the first partner for the airdrop program of Blockchain as well as its guiding framework. Peter Smith, CEO of Blockchain, has said that the Stellar network has been chosen mainly due to two reasons including the company’s scalability and its growing and active ecosystem.
It may seem as an effective root for boosting the wallet usage and customer growth to the outsiders, but as per the company, it is an effort for putting the users first and allowing them to try, trade, transact and test the new and trusted crypto assets in a manner that is easy and safe.
Peter Smith said that the best thing in five years of crypto was make the users realize this financial system’s worth. But it will only be effective if millions of users get accustomed to this new financial system. But now the main question is how to help them to enter into their first transaction.
Blockchain is also working on several charity issues including water, code.org, Network for Good and emerging tech initiative of Stanford d. school for boosting XLM’s adoption. Jeb McCaleb, the co-founder of Stellar Development Foundation, said that as per the foundation, airdrop is a key for building an inclusive digital economy.
Source: Coin Desk, Best Crypto Tools