Coinbase, the popular US-based cryptocurrency exchange known for their Coinbase Custody services and beginner-friendly interface, has announced their largest Coinbase Earn giveaway yet.
Revealed in a Coinbase blog post, the crypto exchange will give away 1 billion Stellar Lumens (XLM) (about $106 million) to users who study the Stellar protocol via the Coinbase Earn educational program.
Initially, the Stellar Lumens educational program will only be open to US customers, who can receive up to $50 for using the program to study the Stellar protocol.
Coinbase Earn Rewards Customers for Learning
According to the Coinbase Earn website, US-based Coinbase customers have the ability to earn $50 worth of Stellar Lumens after completing their newly launched educational program on the crypto asset. In partnership with Stellar, the program consists of 5 educational videos up to 3 minutes each.
After watching the videos, participants must complete a series of corresponding quizzes to then receive their $50 USD worth of XLM tokens reward.
Coinbase has sent out their first group of invitations to US-based customers interested in participating in the Coinbase Earn program, and non-US customers are invited to sign up to join a waitlist for the program.
Since then, Coinbase Earn has featured educational programs for Basic Attention Token (BAT), ZCash (ZEC), and now Stellar Lumens (XLM), with each program rewarding learners with their corresponding crypto token.
Stellar (XLM) Gaining Traction
Stellar (XLM) is currently ranked the 9th cryptocurrency by market capitalization on CoinMarketCap. Following the Coinbase Earn announcement for Stellar on March 26, XLM reported 24-hour gains of nearly 7%.
Since then, Stellar has been performing very well along with the rest of the market, as it rose from $0.106 last week to $0.127 at the time of writing, indicating a price rise of nearly 17%.
Adding to the Coinbase Earn collaboration with Stellar and XLM’s recent price action, Stellar (XLM) was added to Coinbase and Coinbase Pro last month, which is sure to have contributed to the price rise of XLM.
Also previously reported by IIB, Stellar conducted the world’s largest airdrop in November 2018, where they gave away $125 million worth of XLM to the user base of cryptocurrency wallet provider blockchain.com.
All in all, Stellar is clearly on a mission to spread awareness and adoption of their Stellar Lumens (XLM) cryptocurrency, as they have been marketing like crazy and coming out with multiple big developments.
What do you think about the Stellar Lumens (XLM) cryptocurrency? Will you learn about it and earn on Coinbase Earn? Let us know in the comment section below.