{"id":120902,"date":"2019-12-12T15:32:14","date_gmt":"2019-12-12T15:32:14","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=120902"},"modified":"2019-12-12T18:32:13","modified_gmt":"2019-12-12T18:32:13","slug":"stellar-lumens-puts-an-end-to-its-largest-airdrop-to-date","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/stellar-lumens-puts-an-end-to-its-largest-airdrop-to-date\/","title":{"rendered":"Stellar Lumens puts an end to its largest airdrop to date"},"content":{"rendered":"<p>The Stellar Development Foundation is shutting down its $120 million airdrop program amid fraudulent account sign-ups.<\/p>\n<h2>Stellar\u2019s largest airdrop to date is canceled<\/h2>\n<p>In September, the Stellar Development Foundation (SDF)\u2014\u201ca non-profit organization founded in 2014 to support the development and growth of the open-source Stellar network\u201d\u2014<a href=\"https:\/\/cryptoslate.com\/stellar-lumens-unveils-a-2-billion-xlm-airdrop\/\">partnered up<\/a> with Keybase, a free group messaging community and file transfer hub, to distribute 2 billion XLM for 20 months among the messaging platform\u2019s user base.<\/p>\n<p>The idea was to bring new users to Keybase and help expand the adoption of Lumens by getting it \u201cinto the hands of real people,\u201d as stated by Denelle Dixon, SDF\u2019s CEO. Dixon stated:<\/p>\n<blockquote><p>\u201cAll you have to do is have an authenticated Keybase account, and your XLM will appear in your wallet\u2013automatically, every month, for as long as the airdrop continues.&#8221;<\/p><\/blockquote>\n<p>Now, the Foundation and Keybase revealed in a <a href=\"https:\/\/keybase.io\/a\/i\/r\/d\/r\/o\/p\/spacedrop2019\">blog post<\/a> that they would no longer continue with the giveaway. The decision comes after a massive number of fraudulent sign-ups tried to take advantage of the airdrop program overwhelming the companies\u2019 capacity to verify accounts. The announcement read:<\/p>\n<blockquote><p>\u201cStarting 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. 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.&#8221;<\/p><\/blockquote>\n<p>Thus far, only 200 million Lumens were airdropped, worth about $10.6 million. And, SDF will distribute the final 100 million Lumens among Keybase\u2019s verified users next week. For everyone else, registrations are closed.<\/p>\n<p>This represents just 15 percent of the 2 billion XLM that were promised by the firms. But, as stated at the beginning of the program, \u201cSDF reserves the right to end this giveaway early.\u201d Now, it remains to be seen whether the Foundation will direct the remaining 1.7 billion Lumens to support other projects or if it will add it to the <a href=\"https:\/\/cryptoslate.com\/stellar-burns-half-of-total-supply-xlm-price-jumps-15-in-minutes\/\">55 billion tokens burned<\/a> last month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Stellar Development Foundation is shutting down its $120 million airdrop program amid fraudulent account sign-ups. Stellar\u2019s largest airdrop to date is canceled In September, the Stellar Development Foundation (SDF)\u2014\u201ca non-profit organization founded in 2014 to support the development and growth of the open-source Stellar network\u201d\u2014partnered up with Keybase, a free group messaging community and [&hellip;]<\/p>\n","protected":false},"author":148,"featured_media":120916,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stellar Lumens puts an end to its largest airdrop to date<\/title>\n<meta name=\"description\" content=\"The Stellar Development Foundation is shutting down its $120 million airdrop program amid fraudulent account sign-ups despite the success it had.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/stellar-lumens-puts-an-end-to-its-largest-airdrop-to-date\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stellar Lumens puts an end to its largest airdrop to date\" \/>\n<meta property=\"og:description\" content=\"The Stellar Development Foundation is shutting down its $120 million airdrop program amid fraudulent account sign-ups despite the success it had.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/stellar-lumens-puts-an-end-to-its-largest-airdrop-to-date\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-12T15:32:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-12T18:32:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/12\/stellar-stop.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ali Martinez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ali Martinez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/stellar-lumens-puts-an-end-to-its-largest-airdrop-to-date\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/stellar-lumens-puts-an-end-to-its-largest-airdrop-to-date\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/#person\",\"name\":\"Ali Martinez\",\"url\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/ali-martinez\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2019\/04\/victor-charles-profile-e1555981456737-300x300.jpg\",\"caption\":\"Ali Martinez\"},\"jobTitle\":\"Analyst\",\"description\":\"Ali came across Bitcoin\u2019s whitepaper in 2014. 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