Crypto Exchange Coinbase To Reward Users For Learning About Stellar Blockchain

Blockchain, News | March 27, 2019 By:

The Stellar Development Foundation (SDF), in partnership with crypto exchange Coinbase, will giving out one billion Stellar Lumens (XLM) to millions of eligible users to teach them about the Stellar protocol.

SDF is a non-profit organization founded in 2014 to support the development and growth of the open-source Stellar network. SDF and Stellar seek to unlock the world’s economic potential by making money more fluid, markets more open, and people more empowered.

In blog post, Stellar announced that it has joined Coinbase Earn, an initiative launched late last year that allows users to earn cryptocurrencies, while learning about them in a simple and engaging way.

“Stellar is launching as Coinbase’s largest Earn partner to-date,” the foundation said. “In conjunction with their team, we’ve created five videos that explain Stellar’s features and uses. As an educational incentive, we’ve committed 1 billion XLM to Earn, 100% of which will go to users. We’ll start by rolling out to qualifying users in the US, and we will keep you posted as we expand this to more areas.”

Eligible Coinbase customers in the US will receive an email invitation over the next few days to earn up to $10 of XLM by viewing Stellar tutorials and answering quiz questions. By sharing their unique referral link, customers will also be able to earn up to $40 more of XLM by inviting four eligible friends to complete the lessons.

“After you participate in the Earn XLM opportunity, you can begin experimenting with the Stellar protocol,” Coinbase said.

Stellar is a distributed and open-source blockchain platform that connects diverse financial systems and facilitates cross-asset transfers of value around the world. It facilitates the issuance, exchange, and transfer of tokens — including those that represent real assets, like dollars and euros. XLM, the native token of the Stellar payment network, is currently the ninth-largest cryptocurrency by market cap.