Blockstack Airdrop: Bringing token dilution and maybe user adoption

Quick Take

  • Blockstack announced its partnership with Blockchain.com in which it plans to airdrop Stacks tokens to Blockchain.com users
  • Within Blockstack’s SEC filings, it notes that Blockchain will distribute up to 40 million tokens (which Blockstack values at $10 million), and in return, Blockstack will pay Blockchain fees between $750,000 and $3.85 million
  • Blockstack hopes this will stimulate user adoption for its utility token
  • However, if it’s anything like XLM’s airdrops, it will only bring dilution to existing token holders
Through a partnership with Blockchain.com, Blockstack plans to airdrop its native Stacks tokens (STX) within the next few months, according to an announcement Friday. Per their agreement, Blockchain will distribute up to 40 million tokens, which Blockstack values at $10 million ($0.25 each), to Blockchain’s user base while also integrating the tokens into its full […]

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