![]() ![]() “Keybase believes Stellar can fulfill bitcoin’s original goal of fast, cheap, worldwide payments,” said a Stellar spokesperson.Spammers have forced encrypted messaging and chat service Keybase to end its Stellar Lumens (XLM) airdrop several months early. Keybase, it would seem, is taking a lesson from Twitter: working with an existing cryptocurrency instead of developing one in house. ![]() An early goal for Libra is that the stablecoin will be compatible with Facebook-owned messaging platforms. The company’s WhatsApp, Instagram and Messenger services dwarf Telegram’s user count with some 2.7 billion potential users. As of now, multiple methods of sending cryptocurrencies already exist on the application as well through independent development.įacebook, of course, is also in the mix. Telegram, which claims to serve some 300 million users, plans on launching its hotly anticipated Telegram Open Network (TON) next month. The airdrop partnership comes as other messaging apps ramp up their own cryptocurrency efforts. A spokesperson says Keybase is adding more features in the coming months, including on- and off-ramps and XLM-based payment functionality across the web. On Keybase, users can send Stellar to different users and phone numbers – including those without a Keybase account – or even make inline bets with friends. The airdrop coincides with multiple Keybase feature upgrades since its adoption of Stellar in May 2019. They aren’t crypto-first.” Social scramble “It demonstrates that we think this is a valuable opportunity for users of Keybase to get to know us. “The number seems much more rational when looked at over a 20-month period,” Dixon said of the airdrop. Keybase’s 300,000-strong user base shares a lot in common with crypto, Dixon said. KEYBASE XLM AIRDROP SERIESStellar and Keybase have worked together for quite some time, beginning with a March 2018 investment from Stellar large enough to close Keybase’s Series B funding round.ĭixon said the airdrop is an investment not only in Keybase users but the kind of projects the company says upholds its vision. The up to 2 billion is a really great way. “The foundation’s mandate is to deliver lumens (XLM) into the world. Stellar Development Foundation CEO Denelle Dixon tells CoinDesk that Keybase is a key part of its larger adoption strategy: Three months of airdrops are guaranteed, the company says, with the program’s continuation beyond that dependent on hitting “basic success metrics.” The Stellar way “All you have to do is have an authenticated Keybase account, and your XLM will appear in your wallet – automatically, every month, for as long as the airdrop continues,” according to a draft blog post shared with CoinDesk. Keybase currently has 300,000 active users across its various services, according to the company. Over the next 20 months, Keybase users can expect monthly airdrops of 100 million XLM. ![]() The Stellar Development Foundation and messaging service Keybase announced Monday a 2 billion XLM airdrop, the largest in Stellar’s five-year history, worth roughly $120 million. Chat with your friends – and get paid to do it. ![]()
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