Blockchain Wallet Adds Support For Stellar, Announces $125M XLM Airdrop

Announcements, Blockchain, News | November 7, 2018 By:

Blockchain.com, a cryptocurrency wallet provider, has added support for Stellar lumens (XLM) to its wallet.

Founded in 2011, Blockchain.com is currently the provider of the world’s most popular bitcoin wallet and the most widely used bitcoin APIs. Blockchain.com currently has 30 million wallet users in over 140 countries.

In a blog post, the company said it added full support for XLM because its network is built for scalability and it enables quick, low cost, worldwide transactions, even when millions of people are using it at once. Currently, XLM is the sixth largest cryptocurrency by market capitalization.

“Stellar can even create custom tokens representing real-world or virtual goods and services,” the company said. Lastly, Stellar has a world class development community and a vibrant, functioning ecosystem.”

To celebrate the addition of Stellar, which joins three other cryptocurrencies – bitcoin (BTC), Bitcoin Cash (BCH), and ethereum (ETH), Blockchain.com will be giving away $125,000,000 worth of XLM to its user base. The XLM giveaway is part of the company’s airdrop program and guiding framework announced last month.

“And just as Blockchain never charges listing fees to join our platform, we aren’t keeping a single XLM for ourselves,” the company said. “We’re giving them all away. That’s a lot of 0s to distribute. In fact, this is the largest airdrop in the history of crypto and likely the largest consumer giveaway ever.

According to the firm, Blockchain Airdrops are a great way for crypto creators to drive decentralization and adoption for new networks. Blockchain Airdrops also allow users to test, trade, and transact with the new crypto assets without the need to buy them or mine them.

“Now, with the launch of the Blockchain Airdrops program, you can count on your Blockchain Wallet as a place to learn and discover new assets, too – all for free,” the company said.

Blockchain.com also announced that it will be partnering with a number of organizations on this airdrop, including the Stanford d.school’s emerging tech initiative, Code.org, and Network for Good.