Stellar commits 1Bln XLM to users as educational incentive via Coinbase Earn

Stellar, a platform connecting banks, payments systems, and people, has announced that it is launching as Coinbase’s largest Earn partner to-date.

In December 2018, Coinbase launched Coinbase Earn – an initiative that allows users to earn cryptocurrencies, while learning about them in a simple and engaging way.

Stellar has now joined the initiative and has created five videos with the Earn team that explains its features and uses. It said:

“As an educational incentive, we’ve committed 1 billion XLM to Earn, 100% of which will go to users. We’ll start by rolling out to qualifying users in the US, and we will keep you posted as we expand this to more areas.”

Users will get $2 in XLM for completing each video lesson and up to $10 for their referrals that qualify and go through a lesson. The total possible bounty per person is $50 in XLM.

These funds will be provided by the Stellar Development Foundation (SDF), a nonprofit organization that helps develop the Stellar protocol.

The Stellar Lumen (XLM), the native cryptocurrency of the Stellar payment network, is currently the ninth largest cryptocurrency by market cap. It is trading at $0.10 at the time of writing. Earlier this month, Coinbase announced that it has added support for XLM on its professional exchange, Coinbase Pro.

In an online post, Coinbase said:

“Eligible Coinbase customers in the US will receive an email invitation over the next few days to earn up to $10 of XLM by viewing Stellar tutorials and answering quiz questions. By sharing their unique referral link, customers will also be able to earn up to $40 more of XLM by inviting four eligible friends to complete the lessons.”