Stellar is about to hold an auction of unprecedented generosity: it is going to have the largest airdrop in cryptocurrency history and give away almost 500 million XLM as part of its airdrop. Styellar is giving away $125 million worth of cryprocurrency. The tokens to be distributed to users as part of the airdrop represent 2.6% of XLM in circulation or 0.47% of the total supply. All Blockchain wallet users will receive the cryptocurrency.
The idea of a large-scale airdrop belongs to Blockchain company, a cryptocurrency wallet platform. According to company CEO Peter Smith, Stellar was chosen as it is «built for scalability» and has «an active and growing ecosystem». He also noted that the airdrop helps users make their first transaction opening the door to cryptoindustry for them.
Such marketing activity is a highly efficient way of increasing the number of loyal Blockchain users.
Stellar Development Foundation co-founder Jed McCaleb believes that airdrops are central to creating a more inclusive digital economy.
How to participate in the airdrop?
To participate in the giveaway, you will need to submit your application on the website.
The first batch of cryptocurrency will be distributed this week.