Coinbase announced a partnership with the Stellar Foundation that is giving away $ 1 billion XLM worth $ 100 million to users who take the time to research the currency.
Eligible Coinbase customers in the US will receive an email invitation in the next few days to earn up to $ 10 XLM by watching Stellar tutorials and answering quizzes. Also, by sharing their unique referral link, customers can earn up to $ 40 more from XLM by inviting four eligible friends to complete the lessons.
As part of Coinbase’s “Coinbase Earn” program, users of the popular US exchange can take part in online modules that teach them about Stellar and Blockchain at the same time – while also earning XLM for their efforts. Users can earn $ 10 worth of XLM for watching a series of videos and lectures, and earn an additional $ 40 through a referral system. According to the official To update, Coinbase reports that 100% of the XLM distributed goes to users, which is one of the biggest coin giveaways for the purpose of better education. Funding comes directly from the Stellar Development Foundation (SDF), a nonprofit that helps develop the Stellar Protocol.
Coinbase Earn is partnering with the Stellar Foundation to distribute one billion Stellar Lumens (XLM). 100% of the funds go directly to the Coinbase users to teach them how to use the Stellar protocol.
Coinbase Earn is partnering with the Stellar Foundation to distribute one billion Stellar Lumens (XLM). 100% of the funds go directly to the Coinbase users to teach them how to use the Stellar protocol. You can read more about the campaign here: https://t.co/tU4XGiFBYS
– Coinbase (@coinbase) March 26, 2019
Despite the flack Coinbase received on the XRP list in February, where some community members – including Weiss Ratings – were surveyed suspicious Market behavior in the hours leading up to XRP’s announcement, Stellar’s listing went more smoothly. Coinbase’s recent collaboration with the Stellar Foundation continues its position as a source of information and education for cryptocurrencies, and not just an exchange for market speculation.
There is information about Stellar and what the XLM currency is trying to achieve in the official blog post detailing the giveaway. The Coinbase blog reports that Stellar is a platform that aims to connect banks, payment systems and people in a more efficient way than current practices.
The contribution continues,
Today’s global financial infrastructure has a communication problem. There are hundreds of different currencies and payment systems. Each of these payment systems speaks a different language, making it difficult to understand each other. This can make money moving around the world slow and expensive.
Stellar is a protocol designed to solve this problem.
Coinbase highlights the decentralized nature of Stellar, a feature they have regularly pointed out as a criterion for listing new currencies on their exchange. Specifically, Coinbase points out that XLM seeks to connect people through money, just as the internet enables the free flow of information.
Since XLM was added to Coinbase earlier this month, the currency has managed to grow above the $ 0.10 price range. The currency is already up 4 percent at the time of writing as most crypto markets see green.
Cover picture credits: The Coinbase Blog
Comments are closed.