Big News for Stellar Enthusiasts

The Stellar Development Foundation (SDF) has decided to shake things up in the cryptocurrency space with a staggering $120 million airdrop—yes, you read that right! This exciting collaboration with the encrypted messaging platform Keybase is a game-changer, especially for those who have been patiently holding on to their Stellar (XLM) dreams.

A Gift That Keeps on Giving

Starting this month and continuing for the next 20 months, Keybase will be distributing an eye-popping 100 million XLM each month to its users. This totals to a whopping 2 billion XLM, which translates to nearly $120 million! Now that’s one way to put your crypto wallet on a diet!

Eligibility? Let’s Break it Down

So, how can you snag some of this sweet, sweet XLM? There are a few hoops to jump through. To qualify, you must have a Keybase account that was established before the announcement on Sept. 9. If you’re new to the Keybase club, you’ll need to link your account to either a Github or HackerNews account that was active prior to the big reveal. Talk about a digital triple axel!

Is This A Short Sprint or a Long Marathon?

The initial rollout will run for at least three months. Following this period, the SDF will assess whether the airdrop is hitting the mark or if it’s time to hit the brakes. It’s like a reality show for crypto fans: will it continue or be canceled after the first few episodes?

Stellar and Blockchain Development: A Growing Embrace

In other news, Stellar isn’t stopping at just airdrops. Earlier this month, Franklin Templeton Investments threw its hat into the ring, filing a proposal for a money market fund centered on blockchain shares utilizing the Stellar Network. Plus, collaborative projects like the Startup Studio have emerged, fostering innovation by providing workshops in essential areas like smart contract development and product design. It’s safe to say that Stellar is more than just a pretty face in the crypto realm.