Keybase explains that the purpose of this policy is to prevent people from abusing the airdrop by creating bot accounts.ġ00 million XLM (about $6 million) has already been distributed to 300,000 Keybase users.

Not just anyone is eligible – the airdrops will apply to Keybase users that had an account with the service prior to the announcement of the airdrop campaign, or an account with either HackerNews or GitHub that was created before the announcement of the airdrop campaign. The airdrops will be coming in batches of 100 million XLM and will happen on a monthly basis. In total, 2 billion XLM tokens (about $120 million) have been allocated for distribution to Keybase users through the campaign. Keybase users can also send XLM to phone numbers, even when the recipients don’t have a Keybase account. Keybase has some very welcome features for Stellar fans, as Keybase users can send XLM between eachother through the program. Seeing a collaboration of this type is not too surprising, as Keybase announced in March of last year that it received funding from the Stellar Development Foundation. This time, the organization has partnered with Keybase, a messaging application that can be described as an alternative to Slack which uses end-to-end encryption. Remember: Encrypted messages or files can be read by someone who steals and/or breaks into your phone or computer.The Stellar Foundation continues with aggressive distribution of XLM tokens through airdrop campaigns. So, go ahead and sign up for the Stellar space drop or just ignore it-but either way don’t let it worry you. The CLDC is somewhat agnostic about the social benefit of cryptocurrencies of all kinds, but at least Stellar doesn’t rely on burning ever increasing amounts of coal to exist. Keybase is funded in part by a foundation promoting a particular, not-the-worst, cryptocurrency. All of this has recently been formally verified and audited.Īll of this is to say, part of Keybase’s funding model is to help validate recipients of cryptocurrency transactions. Yes, really.Īnyway, what matters is that keybase.io is an open source app that uses end-to-end encryption, meaning: Keybase (the company) never has access to your messages or files. While we work with activists and organizations to come up with some best practices for Keybase, we should mention that it was created by former co-developers of OK Cupid. When used together with it’s now possible to replace Google drive/docs! We can help you smooth out any rough edges–just contact us. It provides threaded group chat and shared files, both backed by unbreakable* encryption. The CLDC continues to recommend keybase.io for activists’ communications. However, just like the Internet itself, activists can nevertheless use it to great advantage. It seems sketchy, sure, but remember: we’ve always said Keybase was not built for anti-capitalists.

It’s Keybase promoting XLM, which is part of their funding model. This is nothing to worry about, and you can safely participate in it or ignore it. The short version: if you’ve been using Keybase, you’re not the only one who has received an “airdrop” of the cryptocurrency Lumens (XLM).

Keybase xlm airdrop