The Stellar Development Foundation is a nonprofit company started in 2014 to help grow the Stellar network. On September 9th, the Stellar Development Foundation (SDF) announced it would be giving up to 2 billion Stellar Lumens (XLM) during the next 20 weeks to customers of Keybase. Nevertheless, the purchase price of XLM fell 76% since the very first event of the type was declared. The Keybase’s CEO claims that this giveaway will be different, but many aren’t convinced by the benefits of it. Keybase and Stellar partnered for a huge airdrop of Lumens (XLM), the token of the Stellar network. Stellar is giving away about $124 million in XLM. Today, the main topic on all cryptocurrency involved circles is the Stellar giveaway. While Ripple, among the largest blockchain and cryptocurrency businesses, has been selling off its XRP power holdings, valued in the hundreds of millions of bucks, one of its cofounder decided to part ways with the project.Īfter departing Ripple some decades back, Jed McCaleb started Stellar in 2014. But its price started to slumped after the announcement of the incoming airdrop of XLM, Stellar’s network tokens. Stellar (XLM) is the 12th largest cryptocurrency in the world at a market capitalization of $1,142,091,322.

Keybase stellar