Stellar: 2 billion Stellar lumens tokens ($121 million) to give away
Biweekly update 6th September — 20th September
Stellar Development Foundation (SDF), the non-profit organization behind the Stellar blockchain network, has set the stage for yet another sizable airdrop. The organization is giving away 2 billion Stellar Lumens (XLM) tokens, currently worth nearly $121 million, to users of Keybase, an encrypted “alternative to Slack, WhatsApp, Telegram, and other chat apps.” The airdrop follows a similar partnership between the SDF and crypto wallet provider Blockchain in the past, as well as with Coinbase Earn. Plus Stellar published a security guide to protect yourself from scammers. Further updates to follow!
- Stellar Dev Digest: Issue #13
- Stellar Dev Digest: Issue #14
- Stellar Ecosystem Updates
- Horizon just got a lot better: our new ingestion engine and other great stuff
- Stellar will present at SOSP end of Oct — “Fast and secure global payments with S-Pay”
SDF will NEVER ask you for your private key. SDF isn’t holding XLM giveaways and will NEVER ask you to deposit funds to a wallet address
Meridian is an opportunity to discuss big-picture questions around financial inclusion, efficiency, and innovation. Where are the greatest applications for Stellar in our financial present? What roles will Stellar have in our financial future? How are different countries approaching regulation and compliance? Where can Stellar make the most impact? What can we all do to make building on Stellar easier and more rewarding?
In Mexico City these topics wll be covered, and will be providing opportunities for the Stellar community to meet their counterparts from around the world.
Date And Time
Mon, Nov 4, 2019, 9:00 AM –Tue, Nov 5, 2019, 6:00 PM CST
Proyecto Público Prim
30 Calle General Prim
Colonia Juárez, CMX 06600
- Nikhil, Principal Engineer at SDF, busts myths and discusses blockchain technology on the Hashing It Out podcast.
Stellar Development Foundation (SDF), the non-profit organization behind the Stellar blockchain network, has set the stage for yet another sizable airdrop.
The organization is giving away 2 billion Stellar lumens (XLM) tokens, currently worth nearly $121 million, to users of Keybase, an encrypted “alternative to Slack, WhatsApp, Telegram, and other chat apps.” One XLM is currently priced at $0.061230. The airdrop follows a similar partnership between the SDF and crypto wallet provider Blockchain in the past, as well as with Coinbase Earn.
To start, the foundation is airdropping 100 million XLMs (worth ~$6.1 million) to 300,000 Keybase users. The rest of the tokens will be given away over the next 20 months on the 15th of each month, starting in October. Each batch will consist of 100 million XLMs.
Each Keybase user is entitled to receive a maximum of $500 worth of XLMs, according to the announcement. The limit per-person applies over the entire course of the airdrop, Dixon told The Block. Users need to have a registered Keybase account to qualify, a measure intended to prevent bot signups, said Keybase.
In November, the SDF also partnered with Blockchain, the largest cryptocurrency wallet app provider, to airdrop $125 million worth of XLMs to Blockchain customers. At the time, the non-profit hoped that Blockchain’s over 30 million wallets would help with XLM adoption as compared to rival cryptocurrencies ether (ETH) and XRP. The SDF also has a partnership with crypto exchange Coinbase’s Earn program, which incentivizes users to learn more about crypto by distributing currencies to those who test decentralized protocols, take quizzes and complete tasks on the platform.
The SDF’s latest giveaway comes with a condition though. The campaign will run for at least three months, “with subsequent months subject to basic success metrics for the program,” per the announcement.
Stellar has just released Horizon v0.20.1, which deploys a completely new ingestion system to enable some experimental features.
In Q3 2019 Stellar will be working on moving all the Horizon features to the new system. It will also publish documentation for the new ingestion package that can be used to build custom, advanced apps, and services without Horizon.
Partnerships and team members
Mike Kennedy, the founder of Zelle, is joining Interstellar, a new company formed by Chain and Lightyear to make building and operating on Stellar, as its new CEO. Mike’s success with Zelle speaks for itself — it’s a payment system used by Chase, Citi, and Bank of America, among many others. His history of innovation in mobile payments, FX and banking, coupled with his track record as a high-impact advisor to Stellar make him the perfect fit to lead Interstellar.
Social media metrics
The chart above illustrates a slight decline in the number of Telegram followers. In general, Stellar experiences the average level of social activity.
The graph above illustrates a slight increase in the number of Reddit subscribers and Twitter followers. However, Twitter followers prevail. The information is taken from Coingecko.com