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Blockchain has announced an “Airdrop” of approximately $125 million in cryptocurrency

The cryptocurrencies are a very interesting subject to discuss, they are a monetary system that is constantly changing and now the cryptographic wallet provider Blockchain said last Tuesday, that it plans to distribute cryptocurrencies to millions of its users as a gift. This is the largest process of this type that has been done to date; no other distributor has done such a thing so far.

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Information about the Blockchain promotion

This raffle, which is known as an “Airdrop” according to the cryptographic language, will cause each recipient to get a total of $25 through the Stellar cryptocurrency as part of a grand total distribution of $125 million. Stellar is currently the sixth best-valued cryptocurrency market with a capitalization of $5 billion. According to a statement offered by Blockchain, this will be “Accessible for anyone with a Blockchain portfolio, the first batch of recipients will receive their lumens, the Stellar native digital currency this week, free of charge”.

Blockchain-Stellar-image

More details of this event will be known at this year’s Web Summit since Blockchain CEO Peter Smith will be present at this place. Speaking a bit about the cryptocurrency they are using, the Stellar is a Jed McCaleb’s creation, which is a famous figure in the world of cryptograms. This cryptocurrency has managed to scale quite well in the crypto active market, obtaining deals with IBM to improve the transactions made with it. It has also achieved other types of deals such as with Visa and other large companies that are dedicated to the cash transaction.

Smith said, “the distribution process will take place over a period of several months, and that the number of Stellar users that will receive will vary depending on the geography“. He added that “existing Blockchain wallet holders will have priority in the distribution”.

Blockchain-Stellar

On the other hand, in a statement issued by McCaleb, he said, “We believe that air releases are essential to creating a more inclusive digital economy. Giving lumens [XLM] for free is an invitation to communities to design the services they need. Our hope is that eventually global citizens possess and use lumens, both in developing economies and in developed countries. By working with Blockchain to increase the availability and active use of the lumens in the network, taking advantage of its nearly 30 million wallets, we will increase the utility of the network by many orders of magnitude”.

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