Stellar
Development Foundation to Airdrop Two Billion XLM
The Stellar Development
Foundation—a not-for-profit entity supporting the development of the Stellar
blockchain network—announced it will airdrop a total of two billion lumens
(XLM) to the 300,000-plus users of encrypted messaging service Keybase over
the next 20 months.
“The airdrop will run for at
least 3 months,” the Stellar Development Foundation specified in a blog post
announcing the airdrop on Monday. “Subsequent months [will be] subject to
basic success metrics for the program.”
According to CryptoCompare data, the market price of XLM is
$0.60 at the time of writing. This means that if the two billion XLM were to
be airdropped right now, it would equate to $120 million.
Keybase detailed its integration with Stellar’s
native XLM cryptocurrency earlier in the year. In March 2018, the Stellar
Development Foundation invested an undisclosed amount in Keybase.
