Coinbase To Give Away $106 Million For Those Who Want To Study The Stellar Protocol

Cryptocurrency exchange giant from the United States has published an announcement that they are giving away 1 billion in Stellar Lumens coins (XLM) or about $106 billion to all of the users who are willing to study the Stellar protocol, according to the crypto news in a Coinbase blog post.

The blog post explains that this move comes right after Coinbase Earn which is the company’s crypto-focused educational program stated that this part of the program is ‘’the biggest particular session yet.’’

Each user who is interested in participating can receive up to $50 for using the program to thoroughly study the Stellar protocol. According to Coinbase Earn, the website explains how this program is developed by partnering with Stellar and that it is created of five separate educational videos with three minute duration each. After watching the videos, you get to the other phase which is solving quizzes for which the users will earn an XLM reward token.

The company also noted that the first group of invitations has already been sent out and users can join the program to its US customers and for those who are not from the US, there’s a waiting list for the sign up process.

XLM is now ranked on the eight position by market cap among the top 100 cryptocurrencies on CoinMarketCap. The market cap of the Stellar token and its price have seen a noticeable increase after the announcement from Coinbase in a period of 24 hours by 7 percent. At the time of writing, XLM is trading at $0.106.

At the start of this month, Coinbase announced its support for XLM on its retail investor platform and thus the cryptocurrency was available to most of the customers, while the users from the United Kingdom and New York were excluded at the time of writing. Coinbase Pro also announced that it started accepting XLM deposits earlier this month.

As previously reported, the crypto wallet provider Blockchain.com announced its support for the XLM token and gave away $125 million worth of XLM for the user base. This came after the massive airdrop of XLM in 2018 which was marked as ‘’the largest airdrop in the history of crypto and likely the largest consumer giveaway ever.’’