The educational initiative allowed users to get $2 in XLM for completing video lessons and up to $10 for their referrals that qualify and go through a lesson. In March, Stellar announced that it is launching as Coinbase’s largest Earn partner-to-date, a program that allows users to earn cryptocurrencies while learning about them in a simple and engaging way. The airdrop will initially run for 3 months before the Stellar Development Foundation determines if the program was a success or not and if it should be continued. Each Keybase user is limited to receive a maximum of $500 worth of XLMs over the course of 20 months. Dixon said that SDF hopes that giving out free lumens would allow Keybase users to gain familiarity with blockchain and the Stellar network.Įligible participants must own a Keybase account, or if they are new to the messenger, they must connect their Keybase accounts to a Github or HackerNews account. Notably, Keybase is not crypto-native, which means its users are expected to have not much idea about blockchain. Because Keybase is doing this Airdrop, SDF knows that is Lumens are reaching real humans in a secure way,” she continued. “ We’ve built a way for people to prove identity, collaborate securely, and store cryptocurrency. Keybase provides the real people,” Denelle Dixon, SDF Executive Director and CEO, told The Block. Then, the remaining tokens will be distributed every 15th day of each month over the next 20 months.Īlthough the SDF-Keybase partnership is not new, the airdrop program is “ SDF’s mission to get Lumens in the world, into the hands of real people. To start with, the foundation is airdropping 100 million XLMs (~$6.1 million) to 300,000 Keybase users today. Remember: Encrypted messages or files can be read by someone who steals and/or breaks into your phone or computer.The Stellar Development Foundation (SDF), a non-profit organization behind the open-source Stellar blockchain network, is launching a $121 million airdrop in cooperation with encrypted messenger Keybase.Īs per an announcement, the organization will be giving away a total of 2 billion Stellar Lumens tokens (XLM), currently worth $121 million, to users of Keybase, an encrypted “ alternative to Slack, WhatsApp, Telegram, and other chat apps.” You wont see this token rally 46 in a single day very often - perhaps never again - but a more reasonable growth trend should eventually get there. So, go ahead and sign up for the Stellar space drop or just ignore it-but either way don’t let it worry you. The CLDC is somewhat agnostic about the social benefit of cryptocurrencies of all kinds, but at least Stellar doesn’t rely on burning ever increasing amounts of coal to exist. Keybase is funded in part by a foundation promoting a particular, not-the-worst, cryptocurrency. All of this has recently been formally verified and audited.Īll of this is to say, part of Keybase’s funding model is to help validate recipients of cryptocurrency transactions. Yes, really.Īnyway, what matters is that keybase.io is an open source app that uses end-to-end encryption, meaning: Keybase (the company) never has access to your messages or files. While we work with activists and organizations to come up with some best practices for Keybase, we should mention that it was created by former co-developers of OK Cupid. When used together with it’s now possible to replace Google drive/docs! We can help you smooth out any rough edges–just contact us. It provides threaded group chat and shared files, both backed by unbreakable* encryption. The CLDC continues to recommend keybase.io for activists’ communications. However, just like the Internet itself, activists can nevertheless use it to great advantage. It seems sketchy, sure, but remember: we’ve always said Keybase was not built for anti-capitalists. It’s Keybase promoting XLM, which is part of their funding model. This is nothing to worry about, and you can safely participate in it or ignore it. The short version: if you’ve been using Keybase, you’re not the only one who has received an “airdrop” of the cryptocurrency Lumens (XLM).
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