![]() ![]() The Keybase airdrop will run for a minimum of three months, following which the Stellar Development Foundation will assess if the campaign has hit “basic success metrics”.įor the most part, the Stellar community welcomed the news, as evidenced by multiple ‘how do I get in on this’ threads in the project’s subreddit:Īnd while some found the Airdrop rules to be counterintuitive: There is another catch, however, that makes this airdrop different from most: in an attempt to curb bot farming, you need(ed) to have a Keybase account before yesterday’s announcement in order to participate in the drop, which hasn't set well with everyone:Īlternately, if you’re brand new to the app, you must connect your new Keybase account to a pre-existing Github or HackerNews account, registered before Sept. At the moment, Keybase users can already send Stellar to different users and phone numbers – including those without a Keybase account.Īs such, the airdrop feels like a win-win scenario for Stellar: a way to grow Keybase’s user base while also shining a lasting spotlight on XLM. Stellar has invested an undisclosed amount in Keybase back in May 2018 - enough to stop the company from pursuing a Series B funding round altogether. Per the company’s announcement, over the next 20 months, Keybase’s roughly 300,000-strong user base can expect monthly airdrops of 100 million XLM - or about $5.97M as of today. Keybase is a free messaging and file transfer application focusing sternly on end-to-end encryption and user privacy and identity. Stellar is attempting to reimagine airdrops, in announcing that it will distribute (up to) $120 million XLM in collaboration with the encrypted messenger app Keybase.
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