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Stellar is airdropping $125 million to Blockchain Wallet users

by Larry Cermak

November 6, 2018, 10:00AM EDT  ·  3 min read

Quick Take

  • Stellar is giving away $125 million in XLM to Blockchain Wallet users
  • It will be the largest airdrop in cryptocurrency history
  • The airdrop represents 2.6% of lumens in circulation but just 0.47% of the total supply
  • The top 100 holders of lumens hold 94.5% of the total amount of tokens in circulation

by Larry Cermak

November 6, 2018, 10:00AM EDT  ·  3 min read

Stellar Development Foundation, the nonprofit organization behind Stellar, announced Tuesday a partnership with Blockchain, a popular cryptocurrency wallet provider, to airdrop $125 million worth of Stellar lumens (XLM) to Blockchain’s customer-base. 

The first batch of lumens will be distributed this week to all Blockchain Wallet users that sign-up. Stellar is hoping Blockchain’s 30 million wallets will help with its adoption compared to rival cryptos, including XRP and Ethereum.