Coinbase, a United States-based cryptocurrency exchange announces a giant giveaway of 1 billion Stellar Lumens (XLM) amounting to about $106 million, for the users who are willing to study the Stellar protocol.
As revealed in a Coinbase blog post published on Tuesday, March 26, the move is part of Coinbase Earn, the exchange’s crypto-focused educational program. Further, the company stated that this is the “biggest yet,” program and each eligible U.S. user can gain up to $50 for using the program to study the Stellar protocol.
Today we’re launching our biggest Coinbase Earn opportunity yet. Any eligible US user can now learn about the Stellar protocol while earning up to $50 of XLM: https://t.co/omqa0Xuqhd pic.twitter.com/QNne9mScX9
— Coinbase ?? (@coinbase) March 26, 2019
As per the Coinbase Earn website, the program is developed in partnership with Stellar and consists of five educational videos, approximately, three minutes each. Users will reportedly, earn XLM tokens as a reward, after watching the videos and completing a set of corresponding quizzes.
The company went on to note that the first group of invitations to join the program to its U.S. customers, has already been sent. Users outside the U.S. are invited to sign up for a waitlist.
The first group of email invitations to Earn XLM are going out now. If you’re outside the US or just want to try it out as soon as possible, go here and sign up on the waitlist: https://t.co/omqa0Xuqhd
— Coinbase ?? (@coinbase) March 26, 2019
At the time of print, XLM was ranked 8th by market capitalization among the top-100 cryptocurrencies on CoinMarketCap. The coin’s market cap and price have seen a noticeable uprise following Coinbase’s announcement, with 24-hour gains of almost 7 percent, trading at $0.106.
Coinbase added support for XLM on its main retail investor platform, earlier this month. The cryptocurrency was available to the majority of customers, with the exception of Coinbase users in the United Kingdom or in the U.S. state of New York, at the time of writing. Prior to that, the company’s professional trading platform, Coinbase Pro , announced it was accepting XLM deposits.
Read more:Börse Stuttgart And Axel Springer Collaborates To Launch Crypto Trading Venue
Image Source: Coinbase Twitter
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
