Stellar Foundation is committed to growth, not price, in a new partnership

Lost in the news from Coinbase Earn’s Stellar give awayThe Stellar Foundation is committed to distributing over 1 billion XLM to investors to watch educational videos to address the industry adoption issue.

While investors are rightly focused on Coinbase’s giveaway, which essentially rolls in over $ 100 million in XLM for a tiny outlay, the enduring impact of the gesture could pay off even more – for both Stellar and the broader industry the cryptocurrency. According to regular surveys of investors in cryptocurrency and the mainstream market, a lack of education and understanding of blockchain, crypto and digital assets is a regular feature of the public.

Coinbase has done its part in promoting decentralization and the cryptocurrency industry. While the stock exchange has faltered in the past due to suspicious market behavior and allegations of insider trading in the hours before new coin quotations, Coinbase has carved out a place for itself as a portal for cryptocurrency education. The latest addition to the XLM coin is now a partner in the US-based exchange with the Stellar Foundation, a nonprofit that has been shown to drive the net positive of digital assets.

The cryptocurrency is starting to hit a crossroads in 2019. The ongoing bear market, what some refer to as “crypto winter,” has rocked price speculators and other investors looking for an easy path to wealth. Instead, the industry has consolidated into those who advocate the use of the technology or at least have an interest in digital assets outside of retail, so that exclusive investors remain in the minority.

Aside from those looking to bounce back from last year’s heavy losses, the landscape is becoming increasingly saturated with an interest in cryptocurrency – similar to that of a breakthrough technology that the internet made available to enthusiasts of the 90s – more than just that Exchange seeks to trade coins with no net result.

Coinbase Earn and its recent partnership with the Stellar Foundation bring industry growth and investor education before coin prices. Stellar’s price didn’t exactly benefit from the move – if at all, XLM suffered from the 1 billion currency inundation for market investors. But the foundation behind Stellar looks long-term. Instead of fretting about the short-term price fluctuations that can result from air dropping and the subsequent sell-off, Stellar and Coinbase argue that the biggest gain is giving investors a reason to hold onto and use XLM.

The five Coinbase modules provide a basic overview of XLM and focus on the possibilities and hopes of cryptocurrency. Not only does this provide a glimpse into how the Stellar Foundation works, but it also gives investors an opportunity to take a break before spending coins for short-term trading. Instead, it is expanding the use of cryptocurrency to include casual investors who may only be familiar with Bitcoin and who may not understand the full extent of what cryptocurrency can do on a global scale.

While the Coinbase Earn collaboration with the Stellar Foundation is a welcome link between industry pioneers, it also provides a standard that other exchanges and coin groups can emulate. The introduction of crypto is a multiplier for the entire industry. By focusing on education, coin projects can spark more than just short-term investment interests.

Comments are closed.