The Stellar Foundation announced a piece of news that will make the cryptocurrency community very happy. In the following period, 2 billion XLM coins will be distributed to people using the messaging platform Keybase, the Foundation said.
Stellar will make this air drop to 300,000 people who will use Keybase, an encrypted version of speech apps such as Telegram and WhatsApp.
The tokens, whose total value is approximately $120 million with the current market value of XLM, will be distributed for a full 20 months thereafter. Each distribution will be available on the 15th of the following October, and a total of 100 million XLMs will be sent per month.
According to the foundation, the maximum airdrop limit each Keybase user can receive will be the XLM of $500. To take advantage of this airdrop and get free XLMs, you need to download the Keybase app and open a verified account in the app.
In Keybase, an XLM wallet will be opened on behalf of each verified user and the prizes will be sent directly to this wallet. At the same time, XLM owners will have the chance to send each other XLM through this app.