Over the past two years Ripple has been selling notable amounts of its XRP holdings. After cofounder Jed McCaleb left Ripple several years ago, he went on to cofound Stellar in 2014, which is giving away up to $124 million in XLM, at a time when most crypto assets are facing regulatory uncertainty.
Playing the role of a skeptic, one might question whether or not this XLM giveaway might help Stellar avoid SEC concerns that XLM might be a security.“We don’t even have that as a thought process for us [...] We’ve been giving XLM away since our inception in 2014, so from our standpoint, the giving away of the XLM is our mandate, and it’s one of the things that was originally set up with respect to the mission and how the organization was going to make its mark on the world.
In terms of XLM as a potential security, Dixon noted Stellar will “work” with regulatory bodies on the topic of XLM, but also added that they aren’t “worried.” “We will work with regulators to the extent that we need to on all of these issues,” she said. “I’m not concerned about the way that we manage,” she added. “We don’t actually focus on XLM for any other purpose other than to effectuate the network, and to bring good to the network and good to the world,” she said.
SDF initially partnered up with Keybase back in 2018, Cathy Corwin, a spokesperson from Inkhouse, Keybase’s PR agency, said. “We definitely expect the Airdrop will bring new users to Keybase,” she said.. Essentially, using cryptocurrencies can appear complicated, sending assets to addresses composed of long strings of letters and numbers. Additionally, the post noted potential risks associated with “social engineering hacks.
“Keybase is linking strong cryptography to real-world identity, and our partnership with the Stellar Development Foundation means that users can interact with people financially in the same way they do socially without worrying about hackers or data breaches,” Corwin explained. Disclaimer: I actively trade cryptocurrencies, as well as hold a small amount of BTC, ETH, LTC, XMR, NEO, ZEC, BEAM, BCH, DASH and various other insignificant altcoin positions.
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