Coinbase is giving away 1 billion XLM to people who learn about it
Come for the earning, stay for the learning.
Knowledge is its own reward, but it doesn't hurt to sweeten the deal.
Coinbase is giving away 1 billion Stellar (XLM) tokens to people who take the time to learn about it. The total bounty, supplied by the Stellar Foundation, is currently worth some US$100 million, and eligible participants can claim up to $50 of XLM each.
Lesson learned
Over the next few days, Coinbase will be emailing eligible US-based customers invitations to participate. There's up to $10 to be earned from watching a quintet of educational Stellar videos on Coinbase Earn, each of which pays $2 to viewers.
Then there's another $40 from inviting up to 4 friends to learn and earn, for spoils of $50 all up.
"Coinbase's mission is to create an open financial system for the world. We believe this is the highest leverage way to bring about more economic freedom, innovation, efficiency, and equality of opportunity for everyone. Stellar’s goal of connecting banks, payment systems, and people more efficiently than today’s financial infrastructure is an example of how crypto can help achieve this vision," Coinbase explains in its announcement.
It could be good business too. The Stellar Development Foundation is providing the money, and claiming the funds will require a Coinbase account. Meanwhile, the $40 reward for referrals is a very solid incentive to share, and you can probably expect to see a few Coinbase Earn referral links popping up around the place in the near future.
But this isn't the first gargantuan Stellar giveaway although it may be the largest.
In November 2017, Blockchain.com announced that it would be donating $125 million worth of XLM to people who simply created new wallets, with up to $25 of XLM per person. Of course, XLM was worth about $0.25 at the time while it's only about $0.10 now. So which giveaway is bigger depends on whether you're looking at the dollar value or the amount of XLM involved.
The Blockchain.com giveaway is still running too, so you might as well claim up to another $25 of XLM if you haven't already. And combine all this with the $10 of free Bitcoin for creating a Coinbase account, and you have a nice freebie sandwich.
Disclosure: The author holds ETH at the time of writing.
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