The Stellar Development Foundation has partnered with Keybase and is airdropping 2 billion Stellar Lumens (XLM) worth approximately USD 115 million over the next 20 months. It is being called the Space Drop. The first phase of the airdrop has already taken place, with 100 million XLM worth $5 million distributed to around 280,000 Keybase users, translating to $20 for each user.

In order to qualify, users had to join Keybase before September 9, which was before the airdrop was announced, or connect their Keybase to a GitHub or Hackernews account that was created before September 9. The airdrop instantly goes into a Stellar wallet integrated with the Keybase client around the middle of each month.

There is a dual purpose to this airdrop. First off, the Stellar Development Foundation has a mandate to deliver XLM to the world. Keybase users are generally cryptography-oriented individuals, which is the perfect audience to target for cryptocurrency adoption. Keybase is a platform where users can cryptographically verify their identity and associated Twitter, GitHub, HackerNews, and Bitcointalk accounts, as well as accounts on numerous other websites. This is done via the Keybase sigchain, which is essentially a blockchain that immutably stores all identification information for each user. This is important nowadays, since cryptocurrency influencers and businesses are subject to copycat scammers, and people can use Keybase to verify the real accounts that an influencer or company is running.

Thus, the Stellar Space Drop on Keybase is incentivizing users to have a cryptographically proven identity and to use the XLM cryptocurrency.

 

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