Stellar Development Foundation, the nonprofit organization behind Stellar, announced Tuesday a partnership with Blockchain, a popular cryptocurrency wallet provider, to airdrop $125 million worth of Stellar lumens (XLM) to Blockchain’s customer-base.
The first batch of lumens will be distributed this week to all Blockchain Wallet users that sign-up. Stellar is hoping Blockchain’s 30 million wallets will help with its adoption to better rival larger cryptos such as XRP or Ethereum. Airdrops have become increasingly popular as a method to give away tokens in order to widen distribution and spur development in the community. Giving away $125 million in XLM will mark the largest airdrop in the history. Dfinity facilitated the second largest airdrop of $35 million in June.