The Stellar Development Foundation and encrypted messaging service Keybase announced on Monday a 2 billion XLM airdrop, worth roughly $120 million. The Stellar Lumen Keybase Airdrop will see a users monthly airdrops of 100 million XLM within the next 20 months.
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Keybase currently has 300,000 active users across its various services, according to the company.
“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 blog post shared with Diutocoinnews.
Three months of stellar lumen keybase airdrop airdrops are guaranteed, the company says, with the program’s continuation beyond that dependent on hitting “basic success metrics.”
A user can send Stellar to different users and phone numbers – including those without a Keybase account. A user can also make inline bets with friends. A spokesperson says Keybase is adding more features in the future, including on- and off-ramps and XLM-based payment functionality across the web.
The encrypted messaging app will be a better competitor to its counterparts like Telegram Messaging App. Facebook Messenger, Whatsapp, Instagram etc. It will leverage the tipping feature earlier before other apps integrate themselves. The Stellar Lumen Keybase Airdrop will see a growth in users of the messaging app alongside awareness from Stellar Lumen.
“Keybase believes Stellar can fulfill bitcoin’s original goal of fast, cheap, worldwide payments,” said a Stellar spokesperson.