Stellar Lumens News Today – September 10

  • Stellar Lumens Set to Carry Out Its Largest Airdrop Ever with Keybase
  • The SDF Plans to Give Away 2 Billion XLM in the Next Twenty Months
  • SDF Explains Why It Chose Keybase

Stellar Lumens News today – The Stellar Development Foundation is currently doing its best to support the growth and development of the open-source Stellar network. The Stellar Development Foundation (SDF) is a non-profit organization founded by Jed McCaleb (co-founder and former CTO of Ripple) in 2014. According to a recent announcement, the Stellar Development Foundation just collaborated with Keybase for its largest airdrop ever.

Stellar Lumens Set to Carry Out Its Largest Airdrop Ever with Keybase

Keybase is a key directory that maps social media identities to encryption keys (including but not limited to PGP keys) in a publicly auditable manner. Keybase offers an end-to-end encrypted chat and cloud storage system known as Keybase Chat and the Keybase filesystem respectively. Files placed in the public portion of the filesystem are served from a public endpoint, as well as locally from a filesystem mounted by the Keybase client.

Users can access the platform on the web. Keybase also has a mobile application for Android and iOS devices. The application is also available for macOS, Windows, and Linux. The description for the Keybase Chat on the Keybase website states:

Keybase is a free, secure alternative to Slack, Telegram, WhatsApp, and other chat apps. It supports small and large groups, teams, and communities. Inside Keybase, all chats are encrypted end-to-end. Imagine if someone breaks into the servers of Slack, steals, and publish your family’s or company’s messages? It would be devastating. The encryption of Keybase makes a cloud break-in impossible.”

The SDF Plans to Give Away 2 Billion XLM in the Next Twenty Months

According to the report, the Stellar Development Foundation plans to give away up to 2 billion XLM tokens. The foundation wants to span the airdrop over the next twenty months. This means the Foundation would give out a total airdrop of 100 million XLM tokens every month for the next 20 months, to authenticated Keybase users.

According to Keybase, for users to benefit from this airdrop, they must have a Keybase account and at least three Keybase installs (or paper keys). If you have not registered on the platform before this announcement, then you need to connect your new account to a HackerNews account or GitHub account that is old enough. This means the HackerNews or GitHub account must have been registered before this announcement.

SDF Explains Why It Chose Keybase

In a blog post, the Stellar Development Foundation stated why it chose to work with Keybase:

We first started working with Keybase because they have a great team and they support our value of privacy, independence, and security from corporate behemoths. They have evolved into one of our strongest ecosystem participants. They have gone above and beyond integrating Stellar into their wallet and their userbase would represent a big step up in usage and adoption for the network.”

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.


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