Blockchain Wallet’s Stellar (XLM) Giveaway in Exchange for Personal Data May be a Bad Idea

2018-11-9 21:01

Blockchain wallet has introduced a campaign to advocate for the mass adoption of the Stellar Lumens (XLM) digital currency. As an incentive, the wallet platform is offering XLM that is worth $125 million worth.

The first 5 million applicants will be credited with $25 worth of XLM. According to the Blockchain wallet, XLM was preferred to the more widespread options such as Bitcoin and Ethereum because of its superior scaling abilities. In this regard, Peter Smith, the CEO of Blockchain wallet, said that the XLM network can comfortably handle millions of transactions effortlessly. Furthermore, its swiftness and affordability make it the ideal entry-level digital currency. Peter concluded by saying that this move is aimed ta granting financial freedom to the masses.

Interested parties are required to install the wallet app onto their devices to become eligible for receiving the $25 XLM bonus. In addition, they will be required to undergo KYC and AML procedures to eliminate the possibility of scamming. This, however, has generated mixed reactions in the XLM community. Some people are arguing that people should not reveal their private data in exchange for a paltry $25.

Nonetheless, this initiative expects to attract many investors, especially in the developing world. That being said, the mandatory KYC/AML procedures contradict the principle of anonymity that cryptocurrencies always seek to achieve.

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Stellar (XLM) на Currencies.ru

$ 0.1061 (-0.09%)
Объем 24H $31.795m
Изменеия 24h: -0.70 %, 7d: -3.15 %
Cегодня L: $0.1058 - H: $0.1062
Капитализация $3.067b Rank 35
Цена в час новости $ 0.2658 (-60.08%)

xlm wallet blockchain worth million stellar applicants

Источник: bitcoinexchangeguide.com

xlm wallet → Результатов: 27


125 миллионов долларов от Blockchain и Stellar

Неслыханный по своему размаху airdrop включает в себя полное поддержание XLM в Blockchain Wallet. Небывалая рекламная компания направлена на поддержание популярности Blockchain Airdrops среди пользователей.

2018-11-8 10:56


Bitcoin, Blockchain and Crypto Daily News Recap For October 25th [VIDEO]

Cardano (ADA), Stellar (XLM) and XRP Among New Coins Trezor Wallet Adds Support For Cardano (ADA), Stellar (XLM) and XRP Among New Coins Trezor Wallet Adds Support For Ethereum Blockchain Network is Benefitting from the Stablecoin Boom: Why? Ethereum Blockchain Network is Benefitting from the Stablecoin Boom: Why? Technology Lead At Capgemini Defends Bitcoin Against […]

2018-10-25 22:02


Криптовалютный кошелек Exodus добавил официальную поддержку Stellar

Представители одного из самых популярных мультивалютных криптокошельков – Exodus сообщили в своем твиттер-аккаунте о добавлении поддержки криптовалюты Stellar, занимающей шестую строчку в  рейтинге капитализации.

2018-9-2 13:35


Bitcoin Cost Battles but 0x and BAT Surge Upon Coinbase Announcement

Advertisement Coinbase, the world’s largest crypto exchange, brokerage, and wallet platform has announced its intention to list Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX), causing the price of tokens to surge, while bitcoin has struggled to demonstrate any major price action. However, the Coinbase team emphasized that despite the

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