Stellar stops free distribution of 120 million dollars in coins XLM

Stellar Development Foundation will be giving away two billion free XLM. Developers complain that faced with the “hordes of fake accounts”, which are free of greed. We will remind, in September, we published a guide for those who would like to participate in airdrop Stellar for app installation Keybase. Initially, conditions for participation were not too hard, but the reward promised relatively large. This was the stimulus for the influx of people into Keybase.

Why cancel airdrop Stellar

The original idea of the team Stellar, the distribution of coins was to take place in several stages with the monthly accruals for the accounts of participants of the campaign. Now it became known that December will be the last month where the participants will see on your wallet free XLM. Information appeared on the official website Keybase.

This month will be the last round of Stellar Space Drop. From 15 December we will distribute the final batch of the 100 million XLM among the registered members airdrop.

Statement on the termination of the distribution of Stellar. Source:

The distribution was allocated 2 billion XLM back in September. Stellar Development Foundation entered into a partnership with the service team Keybase distribution cryptocurrency. In an ideal scenario, the campaign for sending coins was to last twenty months with monthly payments.

Accrual coins in November was. Users got the equivalent of 44 dollars.

The message about the calculation of XLM. Source: Telegram channel 2Биткоина

The rules of the hand was a clause according to which the Stellar creators reserved the right to terminate airdrop at any point in time, if something goes wrong. Everything really went wrong: a huge number of people in search of “freebies” have begun to register their accounts in Keybase to obtain the XLM. Or at least told us so.

Closed shop. Source: Unsplash

In the end, the total amount of distributed coins Lumens will reach 300 million XLM. This is approximately $ 16 million — that is, 15 percent of the promised amount.

After stopping airdrop at Stellar Development Foundation on hand will be still 1.7 billion coins. It is unknown exactly how the developers use the remaining coins. The news will be in our cryptodata millionaires.


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