"Offer available until XLM giveaway supply is depleted".
"Giving away lumens for free is an invitation to communities to design the services they need", McCaleb continued.
Airdrop is the process where a cryptocurrency business distributes cryptocurrency tokens to the wallets of some users free of charge.
Blockchain.com whilst appreciating its user base of almost 30 million wallet holders has revealed Stellar's airdrop to be the largest airdrop of crypto history. The only one that comes close to it is Dfinity's airdrop, which happened in June and was worth $35 million. Participants must also reside in an appropriate legal jurisdiction for the airdrop. "By working with Blockchain to increase the availability and active use of lumens on the network, we will increase the network's utility by many orders of magnitude". Stellar is their first airdrop as a part of this program. He added that existing Blockchain wallet holders will get priority in the distribution, and that the company is reserving the right to modify the terms of the arrangement going forward. Including the non-profit fundraising software Network for Good, Stanford's emerging tech initiative and the online computer science education system Code.org.
While to outsiders it might seem an effective way to boost the firm's customer growth and wallet usage, Smith said the airdrop is part of an effort to put "users first" and allow them "to test, try, trade, and transact with new, trusted cryptoassets in a safe and easy way". The generous give-away is meant to popularize Stellar and increase the attention from wallet holders to the technology and the company itself. More details on those partnerships will be revealed in the coming weeks!
When Stellar was originally created, they established 100 billion lumens.
Stellar development foundation (SDF), an organization consisting of several of the founders of stellar, has several times distributed stellar in different ways to new users.
While Blockchain's Stellar airdrop is big, it's still just a small phase of the distribution. Share your thoughts in the comment section below.