Coinbase has announced a partnership with the Stellar Foundation that is giving away $ 1 billion XLM worth $ 100 million to users who want to 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 viewing Stellar tutorials and answering quizzes. By sharing their unique referral link, customers can also earn up to $ 40 more in XLM by inviting four eligible friends to complete the lessons.
As part of the Coinbase “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 – and at the same time earn 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 updateCoinbase reports that 100% of the XLM distributed will go to users, which is one of the biggest giveaways for coins for the purpose of better education. Funding comes directly from the Stellar Development Foundation (SDF), the 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 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 Coinbase users to teach them how to use the Stellar protocol. You can find more information about the campaign here: https://t.co/tU4XGiFBYS
– Coinbase (@coinbase) March 26, 2019
Despite the weak Coinbase obtained via the XRP list in February, some community members – including Weiss Ratings – were surveyed suspicious Market behavior in the hours leading up to the XRP announcement was smoother. Through its recent collaboration with the Stellar Foundation, Coinbase continues its position as a source of information and education for cryptocurrency, 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 way that is more efficient 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 them difficult to understand. This can result in money moving slowly and expensively around the world.
Stellar is a protocol for solving this problem.
Coinbase highlights Stellar’s decentralized nature, a feature they have regularly pointed out as criteria for listing new currencies on their exchange. Specifically, Coinbase points out that XLM is trying to connect people about money in the same way that the internet enables the free flow of information.
Since XLM was introduced 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.
Title Photo Credit: The Coinbase Blog
Comments are closed.