Keybase has also created a bot-making framework that can use Stellar to fund new projects. and sending Lumens (and chats) to any phone number, even ones without a Keybase account”.inline, super convenient sends between friends, denominated in either XLM or USD.“In the months since they first integrated Stellar into their chat, Keybase has developed by far the cleverest set of tools for our users. Keybase, which bills itself as “a free, secure alternative to Slack, WhatsApp, Telegram, and other chat apps,” currently has over 300,000 users. Stellar has reserved the right to cancel the giveaway after three months, subject to “basic success metrics for the program.” To qualify for the airdrop, users either need a preexisting account with the encrypted group chat app Keybase, or a new account that you can connect to a GitHub or HackerNews profile that was registered prior to the announcement. “All you have to do is have an authenticated Keybase account, and your XLM will appear in your wallet - automatically, every month, for as long as the airdrop continues.” The giveaway total, worth nearly $120 million, will be distributed in batches of 100 million XLM per month, according to an announcement from the Stellar Development Foundation. “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.Stellar plans to give away up to 2 billion XLM to Keybase users in the next 20 months. “Starting 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,” the post said.
“While this giveaway mostly worked, it’s clear that there will be decreasing returns and massively increased effort required.” Now, announcing the end of the airdrop, known as “The Stellar Space Drop” – Keybase said: We are no longer qualifying new users based on old HN accounts,” Stellar announced on Reddit in September, quickly adding that this also applied to GitHub accounts. “HackerNews was under a pretty heavy attack by people who wanted to brute-force steal accounts and gain karma through crappy comments. Keybase users were given the initial lumen airdrop worth approximately $20, then those who joined the platform and connected their GitHub or HackerNews accounts were given twice that amount, with airdrops continuing each subsequent month.īut this is where the wheels quickly started to fall off the scheme, as it started attracting more and more scammers and spammers. “All you have to do is have an authenticated Keybase account, and your XLM will appear in your wallet automatically, every month, for as long as the airdrop continues,” Keybase said back in September.
Keybase lumens free#
To grow the adoption of lumens and grow the messaging platform’s userbase, the plan was devised to essentially give out free money in the form of lumen “airdrops.” The airdrop’s beneficiaries were meant to be Keybase users, of whom there had been about 300,000 worldwide in September. This remark points to the problem faced by the plan, that eventually caused its failure – what Keybase has described as “a large influx of fake people into the platform,” one that it had no means to counter.
In an announcement, Keybase also pledged to give out the 100 million lumens allocated in November – but only to “legit, registered and qualified members.”
Keybase lumens registration#
The lumen (XLM) airdrop scheme, set up by secure messaging service Keybase and the Stellar Foundation – who are behind the Stellar decentralized protocol to transfer cryptocurrency to fiat money – is coming to an end.Īnnounced in September, the airdrop was worth 2 billion XML (Stellar’s cryptocurrency) – or about $120 million – and supposed to run for 20 months.īut the project has been cut short and will be over at the end of the year, while registration has already been closed.
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