![]() ![]() We define an airdrop as “claimed” if the account created by Keybase/Stellar had any activity. Given that the airdropped amounts were pre-credited to users, we looked at the airdrop’s uptake among Keybase users to see if they were actually claiming their free tokens. The difference in start dates probably explains the small difference in value given out to users. The latter batch was created from Sept 10th to 14th. The initial balances of the accounts created by GDV4KE are consistent with the amounts received by Keybase airdrop beneficiaries and the number of accounts created is consistent with the number of users claimed by Keybase (280-300K).įurthermore, we identified two distinct categories of accounts created for this airdrop:Ī minority (8.8K) received 356.3817276 XLM Furthermore, this account was the biggest account creator by far during the airdrop period ruling out other accounts being used. Looking deeper into the chain, we identified GDV4KE as the creator of all those accounts. Given our expertise in on-chain data analysis, Coin Metrics decided to analyze the Blockchain and Keybase airdrops and look at the distribution and activity after the initial transfers. However, this also means that the airdropped currency may never be claimed since some receiving addresses may be inactive or uninterested. Since airdrop senders cover the fees, they do not even necessarily need the receiver’s permission to airdrop them tokens – the senders simply need a list of addresses that they would like to distribute to. They are often also described as a way to increase a currency’s decentralization, since tokens can be sent to many users who can then do whatever they want with them. Airdrops serve as a way to bootstrap new currencies, because they allow the currency creators (or whoever is sponsoring the airdrop) to distribute the currency to a large amount of addresses in a short amount of time. The sender of the airdrop typically covers all associated transaction fees so there are no costs for the receivers. ![]() Currently, around 20B out of those 100B are outside of SDF control.Īn “airdrop” is essentially a cryptocurrency giveaway that is commonly used as a way to distribute new tokens. At the genesis of Stellar, 100B Lumens were created and granted to the SDF which over time distributed them. Over its history, the foundation created (or assisted) strategies to distribute Lumens (Stellar’s native token) to many users around the world. Stellar is a crypto-asset created in 2014 whose development is overseen by the SDF. Similarly, Keybase.io recently announced a plan to distribute at most 2B Lumens to its users. Users first needed to complete a KYC process in order to be eligible for the giveaway. The plan was to distribute $125M of Stellar (XLM) among Blockchain’s 30M wallets. On November 6th, 2018, announced it was creating the “largest crypto giveaway in history” in partnership with the Stellar Development Foundation (SDF). Stellar Airdrops Are Mostly Transferred to Exchanges or Unclaimed ![]()
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