$120 million worth of Stellar will be airdropped to Keybase Users


Stellar plans to provide away up to two billion XLM to Keybase users within the next twenty months.

The giveaway total, value nearly $120 million, are going to be distributed in batches of a hundred million XLM per month, in keeping with AN announcement from the Stellar Development Foundation.

All you have to do is have an authenticated Keybase account, and your XLM will appear in your wallet — automatically, every month, for as long as the airdrop continues.

To qualify for the delivery, users either would like a pre-existent account with the encrypted cluster chat app Keybase, or a replacement account that you just will hook up with a GitHub or HackerNews profile that was registered before the announcement. Stellar has reserved the correct to cancel the giveaway once 3 months, subject to “basic success metrics for the program.”

Keybase, that bills itself as “a free, secure alternative to Slack, WhatsApp, Telegram, and other chat apps,” presently has over 300,000 users.

Says SDF,

In the months since they first integrated Stellar into their chat, Keybase has developed by far the cleverest set of tools for our users. Just for example:

  • inline, super convenient sends between friends, denominated in either XLM or USD
  • and sending Lumens (and chats) to any phone number, even ones without a Keybase account

Keybase has additionally created a bot-making framework which will use Stellar to fund new comes.

Recently, a Keybase user made an XLM-based bot called @smsbot. If you send just a tiny bit of XLM to @smsbot, it will reply with a throwaway phone number you can use to receive SMS messages for a short period of time. It’s a really cool example of micropayments in action, and it’s exactly the kind of thing we hope to inspire and enable with this airdrop.

Those who want to join the giveaway program currently can get to participate month once month and earn additional, although every individual’s earnings are going to be capped at $500.00 value of Lumens, according to Keybase.


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