Blockchain Wallet Announces Biggest Ever Stellar Lumens (XLM) Giveaway

Stellar Foundation to Airdrop $150 Million in XLM to Blockchain Wallet Users

In fact, this is the largest airdrop in the history of crypto and likely the largest consumer giveaway ever.

Founded in 2011, Blockchain.com is now the provider of the world's most popular bitcoin wallet and the most widely used bitcoin APIs.

As per the company's blog, "In celebration of adding full support for XLM in the Blockchain Wallet, we'll begin giving away $125,000,000 of Stellar (XLM) to you, our users".

The reason that Blockchain seems to have chosen Stellar as their first partner in the airdrop program seems to be due to its scalability structure and its "active and growing ecosystem", according to Blockchain CEO Peter Smith. Blockchain.com now has 30 million wallet users in over 140 countries.

The Stellar Development Foundation (stellar.org) and Blockchain Wallet will distribute $125 million worth of Stellar lumens [XLM] to Blockchain's users.

As of press time, Stellar (XLM) is ranked sixth largest cryptocurrency by market cap on CoinMarketCap's listings, seeing a strong 5.35 percent growth on the day, trading at $0.258.

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"A person can receive the XLM airdrop in only 1 Blockchain Wallet".

This crypto giveaway is by far the biggest crypto airdrop."The goal is to dramatically speed up adoption of the Stellar Lumens platform", Blockchain CEO Peter Smith told Yahoo Finance UK.

Explaining the choice of Stellar for the airdrop, the blog says that Stellar's token (XLM) enables quick, low cost, worldwide transactions, even when millions of people are using it at once. The company said "blockchain airdrops" were a great way for crypto creators to drive decentralization and adoption for new networks. The Stellar Foundation is a non-profit aiming to bank the unbanked and make finance accessible to all. The company also stated that they will have charity-based tie-ups also where a portion of the airdrop will be provided for donations.

Stellar co-founder Jed McCaleb, who also co-founded the Mt. Gox Bitcoin (BTC) exchange, said the distribution of XLM tokens creates "a more inclusive economy". We're giving them all away.

The airdrop is available for all the users of the Blockchain wallet - and the company is welcoming new users to sign up as well. Our hope is to eventually have global citizens own and use lumens, in both developing and developed economies.

Blockchain has now over 30 million wallet holders from 140 countries and has processed over 100 million transactions. For more news updates and stories from the world of cryptocurrencies and the blockchain technology, stay tuned with us at Cryptoground!

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