Blockchain to Airdrop $125M in Stellar

Wallet provider launches biggest airdrop in history
07 November 2018   798

The developers of Blockchain company are organizing the $ 125 million airdrop, largest in the history of cryptocurrencies. Together with Stellar, the company will present about half a billion XLM to Blockchain wallets users. It is reported by CoinDesk.

According to The Block,  the first batch of cryptocurrency will go to the wallets of users who leave applications on the site. For airdrop, 2.6% of all outstanding XLMs, or 0.47% of the total coin issue, are allocated.

In October, the Blockchain team announced that it plans to help cryptocurrency projects with airdrop campaigns for their users. XLM was the first cryptonome of the initiative.

According to Peter Smith, Blockchain's CEO, an “active and growing ecosystem” has formed around the XLM, and the Stellar network is “designed for large-scale use.” He added that this airdrop campaign aims to help users "test a reliable cryptoactive in a safe and easy way."

Wirex to Issue 26 Stablecoins on XLM Blockchain

Wirex chosen Stellar blockchain because company considers it safe, easily scalable and relatively inexpensive to use
25 April 2019   449

British online banking platform Wirex has announced the listing for the XLM token, as well as the release of 26 stablecoins on the Stellar blockchain, pegged to fiat currencies, including USD, EUR, GBP, HKD and SGD.

Prior to this, Wirex card supported eight digital assets and ten fiat currencies.

In addition, Wirex added the ability to instantly convert steablecoins to each other at over-the-counter rates.

As the company expects, new assets will be used for money transfers, issue and redemption of tokens, as well as for payments for services.

The choice of Wirex fell on the Stellar blockchain, as the company considers it safe, easily scalable and relatively inexpensive to use.

Last year Wirex became the third company in a row that received a license to provide services in the UK and Europe.