this is not an SDF approved airdrop, nigger
this is a promotion from Blockchain.com. it's like one account sending 475k XLM to another account
XLM airdrops
Nathan Ramirez
Julian Bennett
I don't understand why the price hasn't tanked. The last time they did an airdrop it caused a huge drop in price and now the sum they're giving away is unprecedentedly large. How could it possibly not have a big negative impact on price?
Joseph Green
Those funds didn't come out of SDF's reserves? That means they'll just have more XLM to dilute the market with. Think hundreds of more equivalent-sized "airdrops".
Kayden Murphy
shows you that the market believes that the utility this airdrop brings to the network will outweigh the dilution caused by the new coins
Someone from SDF posted on reddit saying it wasn't from them. People have already known about the outstanding supply as part of Stellar's mission from the beginning - it's already priced in, which is why the price didn't tank on the announcement of the $125M airdrop
Caleb Cox
>$25 worth of xlm airdop
>VERIFIED blockchain wallets
Ayden Gomez
>People have already known about the outstanding supply as part of Stellar's mission from the beginning
That's a theory, but if we were to factor that in it would put XLM market cap somewhere around XRP. It's a serious detriment to potential future growth. Until XLM is actually being used for something, I don't think adoption can offset that.
>the utility this airdrop brings to the network will outweigh the dilution caused by the new coins
What utility does that bring? I'd expect it's mostly third-worlders who bother going through KYC for 25$, they'll dump it for fiat ASAP.
Brayden Harris
>crypto
>company wants your ID and other info and will have them forever
Tyler Lopez
That's not to say I don't see an upside, but there's like billions of dollars worth of more lumens to dump on us waiting, you might not understand how big an amount that is
Ethan Rivera
I've been in Stellar since Sept 2017 and I hear this argument all the time, the price has increased more than tenfold and XLM has performed better than all large cap coins. This isn't the first time SDF increases the circulating supply, either - it's been happening all along and will continue to happen. It's part of the Stellar mandate to grow the network by introducing XLM to newcomers with airdrops, and sponsoring good projects with the SDF reserve. If it bothers you so much, don't buy. There are plenty of other projects with a fixed supply.
Dylan Miller
This
Biz was like "fuck its over everyone will dump on us" when trx did 600 trx per binance account, and yet it spiked mother of all moon pumps I wonder why
Its called exposure and its good tool to grow networks you dumb fags
How the fuck can they prevent every poorfuck on biz to make 321313 accounts and become xlm whale ROFL