KEYBASE XLM AIRDROP FREE

Of course, this connection to the world beyond Keybase is also an advertisement for the platform – and vice versa for Stellar. In the case of proof via Github, the text to be used is even larger. Verifying myself: I am keybase_nutzerxyz on Keybase.io. In the case of Twitter, it looks like this: A proof of the link of a Keybase account with the appropriate networks must be provided publicly. At Airdrop, only those who have an account on Keybase, Github or Hacker News older than one day can participate. 'Active users' are not just those who have registered an account. The current XLM price is equivalent to about 120 million US dollars – for currently 300,000 users so a pretty penny. Over the next 20 months, a total of two billion lumens will be created. Over the next almost two years, 100,000,000 lumens of active keybase users are to be paid out over the next two months.

To motivate such uses – and certainly to increase the number of users – is the aim of the aforementioned Air Drops. 100 million XLM monthly for active Keybase users Since Keybase also offers many opportunities for bot development, the Stellar integration also makes automated payment solutions conceivable.

Even to recipients beyond the Keybase network can be sent with knowledge of the phone number. Not only within the app so lumens can be sent. Accordingly, Keybase has integrated a Stellar Wallet.įor several months, this Stellar integration is available to around 300,000 users. In addition, Keybase advertises with high encryption of chats and stored files as well as a high affinity to cryptocurrencies. The platform also allows you to save documents. “These findings call into question the efficacy of airdrops, as most of the coins are sold immediately.At first glance, Keybase reminds of chat platforms like Slack or Telegram. “Furthermore, most people decide to exchange this new money for another one (either fiat, a stablecoin or Bitcoin) and only a few of them keep using the crypto asset by getting more of it on open markets or through other means.

KEYBASE XLM AIRDROP FREE

“Our analysis shows that despite it being literally free money, only a minority of the targeted population actually claim their airdrop money (1.2M addresses out of 30-40M wallets for, around 20% of Keybase users). Unlike the previous airdrop, only a small percentage ended up on exchanges.Ĭoin Metrics didn’t actually conclude that no one is interested in Stellar Lumens – they determined that airdrops simply don’t achieve their aims of improving “an asset’s decentralization, popularity, or usage.” That equates to around 19m of the 100m total being claimed. Of the 274,864 users who were sent a share of 100m XLM, less than one in five actually claimed it.Ĭoin Metrics defines ‘claimed’ if the account created by Keybase/Stellar showed any activity. In early September Keybase.io announced its own XLM airdrop. So if the aim was to get more people on board the XLM train, it didn’t work. “This implies that many recipients of the airdrop sold their XLM in exchange for fiat or other cryptocurrencies. “The vast majority of the airdropped XLM that was sent to users was then sent to various exchanges,” Coin Metrics notes. However about 300 million was flogged off straight away.

These accounts were credited with 400 million Stellar Lumens (XLM), worth $45.7 million at the time.

Keybase xlm airdrop