Stellar May Acquire Chain for $500M

As reported, in case of successful negotiations, the owners of the company will receive payment in XLM
21 June 2018   482

Stellar Development Foundation is negotiating the acquisition of developer of blockchain solutions for the financial industry Chain. The deal can amount to $ 500 million, Fortune reports.

Earlier Chain attracted more than $ 43 million from Khosla Ventures, RRE Ventures, Blockchain Capital, Pantera Capital, Nasdaq, Visa, Citi Ventures, Thrive Capital, BoxGroup and Haystack.

In case of successful negotiations, the owners of the company will receive payment in XLM with the ability to save or sell it immediately upon completion of the transaction.

Previously Stellar invested in working on issues of end-to-end encryption blockbuster startup Keybase.

Blockchain to Airdrop $125M in Stellar

Wallet provider launches biggest airdrop in history
07 November 2018   117

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."