Keybase stellar lumens4/30/2023 ![]() You alone bear the risk for your investment decisions. Any opinions provided, including e-mails, live chat, SMS or other forms of communication across social media networks do not constitute a suitable basis for an investment decision. None of the information shown constitutes an offer to buy or sell futures contracts, securities, options, CFDs, other derivatives or cryptocurrencies. The information found on this site does not contain any information or messages, but is intended solely for information and personal use. Readers are requested to form their own opinions on the contents of this website and to seek professional and independent advice before making concrete investment decisions. The content of this website solely reflects the subjective and personal opinion of the authors. Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act. Meanwhile, the Stellar Lumens (XLM) price has continued its downward trend over the past month, falling from 0.07681 USD on November 12 to 0.052582 USD (at the time of writing). The XLM price benefited briefly from the news, as did the Keybase platform, which received tens of thousands of new registrations and increased its user base by a quarter. The last month will go out, of course.īoth Stellar and Keybase received a lot of positive press in the run-up to the airdrop. However, it was clear from the beginning that the airdrop could also be cancelled, perhaps because both companies foresaw evil.Īs we’ve said from the beginning, SDF reserves the right to end this giveaway early. So the end of the airdrop was triggered by too many fake accounts that were impossible to filter from the real accounts. If you trade your lumens for other Stellar. It’s not in the Stellar network’s interest to reward those people it is also not in Keybase’s interest to have them as Keybase users. Keybase has one of the coolest Stellar integrations, but there are other interfaces you can use to access and explore the potential of the network. ![]() Why? Starting in the last week or so, hordes of fake people were beginning to come in, far beyond the capacity of Keybase or SDF to filter. While this giveaway mostly worked, it’s clear that there will be decreasing returns and massively increased effort required. Keybase justifies this by stating that “hordes” of fake accounts have stormed the platform: As Keybase now announced, the last 100 million XLM will be distributed “to all qualified users” during the week starting December 15th. In September Keybase explained that an authenticated Keybase account is sufficient to automatically receive a certain amount of XLM on a wallet every month as long as the airdrop is running. Termination because of “hordes” of fake accounts The aim of both companies was to promote the use of XLM on the Keybase messaging platform and to attract new users to the platform. The beneficiaries of the campaign were to be the more than 300,000 Keybase users worldwide. The XLM Stellar Space Drop Giveaway was initiated in collaboration by Keybase, a messaging and file sharing application and the Stellar Development Foundation. Originally, the Airdrop was supposed to run for 20 months. With that, the airdrop which was announced in September this year, will end surprisingly after a distribution of only 300 million Lumen (XLM). With a short and concise announcement Keybase and the Stellar Development Foundation announced yesterday that they will immediately stop their 2 billion XLM airdrop (worth about 120 million US dollars).
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