Blockchain to Airdrop $125M in Stellar

Wallet provider launches biggest airdrop in history
07 November 2018   278

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."

Stellar Lumens to be a Basis for a Investment Fund

Grayscale Investments launched Stellar Lumens Trust new investment fund
18 January 2019   94

Investment firm Grayscale Investments Barry Silbert officially announced the launch of Grayscale Stellar Lumens Trust, a fund focused exclusively on cryptocurrency XLM.

At the same time, the company renamed all products based on a single digital asset.

New Grayscale Product Names
New Grayscale Product Names

It should be noted that the company managed about $ 825 million as of December 31.

Earlier it became known that Grayscale Investments may hold 1% of all existing bitcoins.