There was an exciting announcement on Monday by The Stellar Development Foundation (SDF) that is launching a $120 million XML airdrop in collaboration with Keybase, an encrypted messaging service. This is the highest amount in the five-year history of Stellar, and is worth about $120 million. However, Stellar Development Foundation to airdrop $120 million XLM crypto tokens.
‘Airdrop’ means that small amounts of specific virtual currency tokens freely distributed to members of the company’s society for free. Or for the performance of small tasks.
According to the company blog post, over the next 20 months, the company is providing airdrops of 100 million XLM every month to Keybase customers.
Keybase will, in turn, distribute these XLM to its 300,000 active customers.
According to a preliminary draft blog post:
“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.”
You must have had a Keybase account registered before this announcement to qualify. Or if you are new to Keybase, you must connect your Keybase account to a GitHub. Also, you can connect to the HackerNews account that was registered before this announcement.
The collaboration with airdrop emerges as other messaging applications ramp up their own attempts in cryptocurrency.
For some time Stellar and Keybase have worked jointly, starting with a significant investment in March 2018 by Stellar. This is to close down the funding round for Keybase’s B series.
Next month, Telegram is planning to launch it’s eagerly expected, Telegram Open Network (TON). Hence, the cloud-based instant messaging and voice over IP service provider claims to serve some 300 million customers.
Keybase is a free, secure alternative to Slack, WhatsApp, Telegram, and other chat apps. However, Stellar is a payment technology based on the Ripple protocol and is the 12th largest digital currency by market capitalization.