Home / Crypto News / Stellar Lumen's $ 125 million Airdrop raises its 5-week high

Stellar Lumen's $ 125 million Airdrop raises its 5-week high


After a period of sideways movement, the prices of cryptocurrencies have become more lively again. This also applies to Stellar Lumens (XLM). Stellar had gained 3 percent in the last 24 hours before the editorial deadline. Calculated on the week, the increase is even 20 percent. Stellar is currently one of the best-performing cryptocurrencies. This positive development may have something to do with the announced airdrop for blockchain wallet users.

Stellar Lumens worth $ 125 million

The Airdrop itself was announced on Stellar's blog. According to the Wallet provider “Blockchain” Stellar Lumens worth $ 125 million to distribute customers who register for its services. The first batch is due to be distributed this week to people who register through the company website.

With this friendly gesture, Blockchain aims to promote the world of cryptocurrencies and help users safely and easily deal with their coins. So the company announced:

“The first step to actively participating in the crypto environment is to acquire a cryptoasset. By offering our users free Stellar Lumens, we hope to help build a larger community of crypto users. “

The Stellar Development Foundation said in their blog that it is the largest Stellar Airdrop to date. So would be distributed up to 500 million tokens. It was further stated that the distribution of Stellar Lumens has always been at the heart of the Foundation's strategy. In the meantime, the network has grown enough to make mass distributions meaningful.

Participation in Airdrop

To participate in the Airdrop, users must register on Blockchain.com and verify their identity to avoid duplication. Once that's done, Blockchain pays Stellar Lumens worth $ 25. These users can freely use.

The Airdrop was also shared by Jed McCaleb, co-founder of Stellar, who also participated in Ripple and the Mt. Gox crypto exchange. He explained that Airdrops are important to attract new users and increase adoption. So he said:

“We believe that airdrops are a key tool to create a more open crypto-economy. The free edition of Lumens is an invitation to the communities to create the services they need. By working with Blockchain we increase the availability and increase the active use of lumens in the network. This will increase the usefulness of the network many times over. “

Airdrops, like Hard Forks, have a big impact on the short-term performance of cryptocurrencies. The same applies if cryptocurrencies are listed on large crypto exchanges. This also explains the upswing in the course of Stellar Lumens, as well as that of Bitcoin Cash, whose Hard Fork is coming soon.

Sources: Stellar, Blockchain, TechCrunch, Pixabay

Author: Peter Joost – Source Post: https://www.kryptovergleich.org/stellar-lumens-125-millionen-usd-airdrop-laesst-kurs-auf-5-wochen-hoch-steigen/

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