Stellar is Airdropping $121M in XLM For Keybase Users

Stellar Development Foundation will be giving away 2 Billion XLM coins (around $121M USD) for every Keybase APP’s users who had registered before September 9th,2019. The airdrop will be directed to Keybase’s user base that accounts for over 300,000 accounts and will be divided in 100 million XLM per month distributions.

Each Keybase user is entitled to receive a maximum of $500 worth of XLMs through this free airdrop. Over the next 20 months, Keybase’s users will be able to claim the free tokens by clicking “Join XLM airdrop” on the main app window.

What is Stellar?

The Stellar network is an open source, distributed, and community owned network used to facilitate cross-asset transfers of value. Stellar aims to help facilitate cross-asset transfer of value at a fraction of a penny while aiming to be an open financial system that gives people of all income levels access to low-cost financial services. Stellar can handle exchanges between fiat-based currencies and between cryptocurrencies. Stellar.org, the organization that supports Stellar, is centralized like XRP and meant to handle cross platform transactions and micro transactions like XRP. However, unlike Ripple, Stellar.org is non-profit and their platform itself is open source and decentralized. Through the use of its intermediary currency Lumens (XLM), a user can send any currency that they own to anyone else in a different currency.

Stellar USD price chart for the last 7 days:

What is Keybase?

Keybase is a free, secure alternative to Slack, WhatsApp, Telegram, and other chat apps. It supports groups big and small, communities, and teams. Inside Keybase, all chats are end-to-end encrypted. Imagine if someone broke into Slack’s servers and stole and published your company’s or family’s messages? It would be devastating. Keybase’s encryption makes a cloud break-in impossible.