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Stellar Lumens (XLM) Giveaway (~ $70 AUD) - Requires Signup and Verification @ Blockchain

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Blockchain.com have partnered with the Stellar Development Foundation (https://learn.stellar.org/) to give free Stellar Lumens (XLM) to Blockchain Wallet users. XLM is a token that enables quick, low cost worldwide transactions.

Give away is for $50 USD worth of XLM (~ $70 AUD) which at current market price is 400+ XLM.

What do i think of Stellar Lumens and Blockchain.com?
I think that navigating the crypto eco-system is long and full of terrors, The permission-less nature of this industry means their is a wide range of projects that vary from absolute scams to world changing technology. I have confidence in posting this as a good entry to anybody who is interested in getting a foot hold in an emerging technology without needing to hand over any hard earned cash. Sure you could jump through a couple of hoops and sell it to AUD in your bank account if that what you wanted but i think the value of getting a free roll at some experience in the space is a higher value.

IMHO Stellar is an interesting project with good future potential, Stellar are partnered with IBM who are using the Stellar network as the rails for its World Wire platform (at a high level this is a project to facilitate value transfer and settlement internationally at low cost and high speeds)
More information - https://www.ibm.com/blockchain/solutions/world-wire
If it is good enough for one of the worlds largest technology companies, maybe it is worth your time to look into too.

Stellar and blockchain.com are established entities in the cryptocurrency space, have been around for years and have good reputations.

Info on the Give away:

What do I need to do to receive XLM?
You’ll need complete your Wallet profile (Gold level) to meet compliance requirements and to ensure that no one is trying to claim more XLM than they are entitled to (one XLM distribution per person, unless participating in any bonus activities). You can still use your Blockchain Wallet without completing your profile.

What can I do with my XLM?
It’s up to you! XLM was designed to be used to transact with your friends and family across the globe in seconds. You could HODL it, Sell it, Trade it for Bitcoin, Donate it to Wikileaks, Buy a NordVPN subscription what ever you want.

What is Stellar Lumens (XLM)?
Stellar Lumens (XLM) is a unit of digital currency, like a bitcoin. Lumens are the native asset of the Stellar network.
Native means that lumens are built into the network. Asset is how the network refers to an item of value that is stored on the ledger.
More information: https://www.stellar.org/lumens/

To Obtain Gold Level verification you will need to provide the following:
* Country of residence
* First name, last name, and date of birth
* Residential address
* Upload identity document
* Take a picture/video of yourself
More details - https://support.blockchain.com/hc/en-us/articles/36001808017...

!!Important!!

MAKE SURE YOU BACKUP YOU WALLET-ID, PASSWORD AND BACKUP PHASE!. If you lose your password and do not have your backup phase you will not be able to access your wallet
Crypto is not hotmail, there is no 'Forgot my password' link!
https://www.blockchain.com/learning-portal/security

Backup phase should be written on paper and stored securely - it should not be stored on your computer.
Please note anyone with access to your backup phase will be able to steal the money from you wallet - store securely

Email and Two-Factor Authentication (2FA) is also highly recommended (use Authenticator App or Yubikey)

Related Stores

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closed Comments

  • How does one HODL it ?

    • (C&P https://coinsutra.com/hodl-popular-cryptocurrency-terms/ ) The very first time the term HODL appeared on the Bitcoin talk forum was in 2013 and came from a member named GameKyuubi under the thread “I AM HODLING”.

      From the look of the post, he was drunk and wanted to convey the fact that he was holding his BTC despite the serious fall that had just happened.

      Since then, this misspelled term became very popular in the Bitcoin and cryptocurrency world.

      https://bitcointalk.org/index.php?topic=375643.0

      So.. To hodl is to hold. Best method of hodling is to do so with your own private keys (Not to rely on a third party) this can be done via software wallet, paper wallet or hardware wallet (such as a ledger nano s). This will require more effort than a lot of people will be willing to expand for $70 of crypto but is a great step in your education into the space where the term 'Not your keys, not your crypto' is well known phrase.

      • I always thought it was an acronym for Hold on for Dear Life. Always seemed appropriate for crypto given its volatility.

        • I have heard reference to that too, no sure the origin of that phrase.

          First time i heard that referenced was last yearish from the Chairman of the United States Commodity Futures Trading Commission (CFTC) J. Christopher Giancarlo.
          He was affectionately name 'Bitcoin Dad' after his speech supporting crypto currencies and urging caution against over regulation and stifling innovation. He spoke of his daughter or grand daughter who was passionate about the space and he was proud to see her taking an interest in financial products.

          There is also ‘Crypto Mom’ Hester Peirce - 1 of 5 high ranking Commissioner on the Securities and Exchange Commission. Hester's claim to fame was with a public dissent on the SEC refusal of a Bitcoin ETF based on her view of the SEC overstepping their duty she argues it’s not the role of regulators to tell investors where they should invest their money.

          • @nugga1984: What is the cheapest or easiest way to keep the keys or wallet or whatever on your computer.

            I might do this later tonight if there is a free secure way to hodl it.

            • @AlienC: @AlienC - sorry for the delay; guess tonight might be off the table but i will leave you with some information for tomorrow.

              The cheapest/easiest way is to use your current blockchain.com wallet or do a paper wallet (not as easy; risk of mistakes)

              If you find your self wanting more in the future i recommend a Ledger hardware wallet (buy it from the manufacturer directly https://www.ledger.com/). Given the cost of these device it will only make sense if your current holding increase in value or you collect more crypto and need to store it simply without heaps of wallets and backups (device supports 70+ coins).

              Blockchain.com is one of the recommended wallets from stellar.org and most importantly it is non-custodial, meaning you are in control of your private keys…. This also means you need to be careful to backup your wallet ID, Password and Backup phase (this is 12 - 24 words which can be used to generate your private keys in case blockchain.com shuts down or you forget you password - this is very important)

              If you have not backed up you back phase, please do so right now! <- To do so, login to you blockchain.com wallet, go to Security Center, click "Backup Funds" button then click the "Backup Funds" button at the bottom of that panel (don't click print backup sheet). Your backup phase will be displayed 4 words at a time. Use a Pen and write down each word in order on a piece of paper (double check them to make sure they are right) store them somewhere safe; consider you may also want to store another copy somewhere else to protect against flood/fire ect. Please note: Anyone who has possession of these words will be able to spend the fund stored in the wallet

              You should also verifying your email address and enable 2FA (use a Yubikey or Authenticator App such as Google Authenticator or FreeOTP - not mobile phone sms), this will help you protect your funds from a keylogger ect the might get onto your PC. You can print the 2FA QR code to back it up encase you lose you phone (keep it with you back up phase).

              you can read more about Stellar recommended wallets at: https://www.stellar.org/lumens/wallets/
              and read more on blockchain.com recommended security at: https://www.blockchain.com/learning-portal/security

              Sorry man wallet security is hard :( this is where the hardware wallets really shine as they protects your keys offline while still making it easy to use in a secure manner.

              • @nugga1984: hey bud, any luck transferring out of this wallet to another address? I've tried with 2 separate accounts (one for wife, one for me), with no luck.
                Tried one transfer to binance and one to btcmarkets.com.au and nothing has showed up after 5 days. I put details/tags on transfer to btcmarkets.

                • @murphy84: @murphy84 I know people who have transferred it out. If you send me your txids (transaction ids) in a pm I will check it out for you. I would expect a transfer to be completed on the network in < 1 Minute but would expect anywhere from 1-30 minutes to be credited at the other side. 5 days if def something wrong

  • +4 votes

    BIIIIIIIIIIIIITCONNNNNNECCCCCCCCCCCCCCCCCCCCTTTTTTTTTTTTTTTTTTTTTTTT!

    • "My wife still doesn't believe in me…. No no no no, that's a scam!…"

      Wasn't hard to see that one coming, but it was very hard to warn people against it. sad story.

      • Kind of sounds like the Australian Property Market (Sydney)

      • Apparently the Christchurch terrorist profited off Bitconnect which I find hard to believe.

        • I believe anyone in early enough did actually make money off it, but the majority that piled in after word of mouth started taking affect did not.

          Similar to the end of the 2017 run up in crypto prices, people just went crazy thinking it was some sort of magical pokie machine and given the limited supply prices exploded.

  • mmm identity theft

    • :evil laugh: nothing is ever free.. This is why i mentioned that these are reputable players in the space, but that only gets you so far and this is a valid concern for any business holding your personal information

  • If the marginal cost to acquire stellar is $0 then it's only worth $0

    • i know some who has $70 AUD that says otherwise but i understand where you are coming from

      • Oh absolutely, notice how he didn't keep it as stellar? His selling, along with everyone else receiving it for free, pushes it down to it's real value. I don't think anyone would risk holding stellar long term. It's not even a cryptocurrency. Far too centralised. And Jed the creator is a known scammer (see previous scams such as Mt gox and ripple)

        • Yes you are right; 100% there will be selling pressure… its free money.

          On the last big airdrop (27th June 2017), XLM was 0.0258 USD price dropped afterwards but here we are nearly 2 years later and it is 0.118 and in the meantime it hit $1 dollar. So in that respect do i expect the markets to be high in 2 years?yeah; do i think a project that IBM is throwing their weight behind will still be around? yeah i do.

          But main thing to consider is how hard do we want to make it for a new comer to get free skin in the game.. this is a decent project, giving away free stake with a story that people can resonate with more than 'down with governments, be your own bank ect'.
          I too would prefer people to hold another asset but i am also not here to give financial advice.

          • @nugga1984: You must also love ripple eh nuggets? I think you should be advising your audience to immediately switch this into a real crypto otherwise all your doing is misleading them. They will be the kind of retail punters who got burned in the last bull run by not focusing on what mattered and instead punting on junk.

            • @Brucelamao: @brucelamao we are sharing the same audience so if you feel like you can spread some words of wisdom and feel comfortable doing so then please go ahead.

              i am pretty confident i know what you will say and i too think it is a good idea, despite complicating the process. Also as mentioned previously i am not here to give financial advice.

              What can i do with my XLM?
              "You could HODL it, Sell it, donate it to wikileaks; what ever you want."

  • +1 for supporting Wikileaks

    • Wikileaks actually has a far rooted history with bitcoin.

      Satoshi Nakamoto's 2nd last post before disappearing from bitcoin talk forums..

      11th Dec 2010 - Satoshi:
      "It would have been nice to get this attention in any other context. WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us."
      https://bitcointalk.org/index.php?topic=2216.msg29280#msg292...

      This was in reference to Wikileaks accepting donations in Bitcoin after Bank of America, Paypal, Visa Mastercard ect froze their accounts in an effort to starve their funding.

      Kim Dotcom also realised the value when the US froze his accounts for megaupload lawsuits.. it's all fun and games until they switch you off and you have no means to support or defend yourself.

      • A lot of people now forget this and that the true power and meaning of Cryptocurrency is not just trading its value even though that is its main focus right now but an alternative currency when the current currency status quo turns their back on you which for the average citizen is rare and honestly you have to be doing something pretty out of the box or crazy to get into that position but the underlying reason or purpose is there.

        • "A lot of people now forget this and that the true power and meaning of Cryptocurrency … but an alternative currency when the current currency status quo turns their back on you"

          Huh? The same can be said for buying gold bullion and sticking it in your closet.

          • @Tiggrrrrr: Yeah try carrying that gold with you everywhere.

            Something something you cannot fast travel when enemies are nearby yada yada lol.

            Obviously this is the new modern digital version of what you just said.

  • Thank you. Registered and verified and within 15 min or so I got the XLM airdrop.

  • it will work with mobile app. I have complete this whole process using my mobile phone took 5 min and received 416 coin in 3 min. Just update your app in case.

  • XLM should at least double in next few months so solid deal.

  • Thanks OP. I got in the waiting list for this a while back but never heard of it again. I signed up last night and got my XLM already :)

  • I got some XLM from these guys a few days ago. Has anyone tried sending to another address? I tried sending to binance last night and nothing showed up yet. Has been 'sent' though.

  • It's not really free, I wouldn't trust them with your information. If someone came up to me on the street asking for all my details in exchange for money I wouldn't do it. Signing up for bank bonuses is ok and providing details to them, but CIO's I wouldn't go near.

  • just wondering, has anyone successfully transferred out of the blockchain.com wallet to another wallet with this XLM?

    • Yes, swapped some BTCs and paid for a VPN service. Transaction to the external wallet confirmed in 5 minutes. All the best !!

  • Thanks. Received 416.67 XML and they’re worth $48.87 US

  • How are people declaring this in terms of tax?