Wallet Company Blockchain Plans $125M Airdrop of Stellar to Boost Mainstream Adoption

Crypto wallet company 'Blockchain' announced Nov. 6 that it would distribute $125M in Stellar XLM cryptocurrency to its users "To build on the crypto revolution."

The biggest #crypto airdrop-we are distributing $125M of Stellar XLM to our users to build on the crypto revolution.

Co/zo18yzzlzS. - Blockchain November 6, 2018.The Largest Crypto Giveaway Ever?The wallet maker has partnered with the Stellar Development Foundation to distribute the funds and is claiming this to be the largest giveaway in crypto's history.

"The first step to becoming an active participant in the crypto ecosystem is getting a crypto asset. By offering XLM to our users for free, we hope to help build a bigger community of crypto users."

To get their free XLM, users must have a Blockchain wallet.

Once their identity is verified, each user will get $25 worth of XLM crypto.

XLM currently sits at $.26USD, with a market cap of almost $5BN. This airdrop marks the XLM's addition to Blockchain as the wallet's fourth supported cryptocurrency alongside Bitcoin, Bitcoin Cash, and Ethereum.

"Our hope is to eventually have global citizens own and use lumens, in both developing and developed economies. By working with Blockchain to increase the availability and active use of lumens on the network, leveraging their almost 30m wallets, we will increase the network's utility by many orders of magnitude."

Blockchain said more details on these partnerships would be revealed.

"The strength of any network is derived from innovation. We are excited to join Blockchain on this airdrop to empower some of the most brilliant and creative minds to start experimenting and building on Stellar's network."