Stellar & Keybase: when an airdrop fails - The Cryptonomist

Stellar and Keybase abandon the 2 billion XLM airdrop project. The crypto was supposed to be distributed among Keybase users, but too many fake accounts were created just to receive this airdrop for free so the two companies decided to discontinue the distribution.

The airdrop had started in October and allowed to earn up to $500 of XLM.

Unfortunately, as recently announced, the airdrop scheduled for December 15th will be the last because the platform has received too many applications, especially from fake accounts, and this has prevented us from understanding who were real users and who were fake.

“While this giveaway mostly worked, it’s clear that there will be decreasing returns and massively increased effort required. Why? 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. 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”, explains the official communication released a few hours ago.

Another airdrop for Stellar?

 So, of the total 2 billion XLM planned for this airdrop, only 300 million have been distributed: the last batch of these 300 million will be distributed on December 15th, but already now the registration to the Keybase platform for this airdrop has been closed.

Clearly, the question of the remaining 1.7 billion XLM that the foundation of Stellar had made available remains open: it is not yet known how they will be spent, probably in other marketing operations or other airdrops with different partners.

In the past, precisely in June 2017, Stellar had also carried out another airdrop, with more success, giving over 16 billion XLM to all BTC holders.