Altcoins Cryptocurrency

Coinbase Giving Out One Billion Stellar Lumens (XLM) In New Bounty Program

Coinbase exchange, in synergy with the Stellar Development Foundation (SDF), has announced that it will be giving out one billion Stellar Lumens (XLM) to users of the blockchain technology in a new bounty program unveiled by both companies.

Coinbase, according to an update on its medium page, stated that millions of users would be eligible for the fund as they get trained about the Stellar protocol through videos.

Known as Earn XLM, the newest Coinbase earn opportunity has been made open US customers of the Exchange Company, and email invitation will be sent to them over the next few days so that they can participate in the program.

The program is designed for every user to earn up to $10 XLM. Eligible users will be required to watch and understand Stellar tutorials that will be made available to them. Furthermore, such user will be liable answering quiz questions as this serves as a determinant for their winning chances.

Users, according to the guideline of the program, can also earn additional $40 in XLM by sharing their referral link and inviting four eligible friends to complete the lessons. International customers who are yet to receive email invitation are implored to exercise patience.

Stellar Development Foundation (SDF), a nonprofit organization promoting Stellar protocol, made the fund available, and the 1 billion has been earmarked for disbursement amongst the users.

While Stellar Lumen provides a unique blockchain network that allows all and sundry including banks send money seamlessly, the latest program has been tipped of helping the blockchain technology get more awareness in the space.

Zeux Partners Coinbase For Crypto Payments

Zeux announced it signed a strategic partnership deal with Coinbase, an international exchange that is at present valued at $8 billion, with a turnover of $1.3 billion in 2018.

The partnership, according to Coinbase will make the exchange move out of a pure trading asset to a real day to day payment currency, a big step towards the attainment of a massive cryptocurrency adoption.

“This collaboration is another step towards Coinbase’s goal of building an open financial system for the world,” said Andrew Robinson, European Head of Institutional Sales for Coinbase.

“We are delighted to collaborate with Zeux to deliver smooth fiat to crypto conversions to their European customers.”

Speaking on the partnership, Frank Zhou, CEO & Founder of Zeux, said Coinbase is right solution fashioned to help Zeux achieve fast and instant cryptocurrency exchanges and conversions for customers.

“Coinbase is one of the most trusted digital currency platform in the world and we’re delighted to form this strategic collaboration with them for our main crypto-fiat gateway.”

Before partnering with Coinbase, Zeux had announced a collaborative deal with Qtum, a blockchain project.

Few days ago, Today’s Gazette published that Zeux also partnered with IOTA (MIOTA).

Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.

Don’t miss any of our crypto news, Join our Telegram | Twitter | Facebook.

About the author

Khalid Lawal

Lawal Khalid is an avid entrepreneur and a peace advocator. He takes time developing expertise in journalism, and he has significant contributions at Arianna Huffington's Thrive Global, Oracle Times, Coin Gape and a host of other notable news publications.

Owing to his long time interest in innovative technology, Lawal cut into the blockchain world, and he has been unearthing meaningful investigation as well as noteworthy blockchain researches.

Khalid sits at the helm of NewsLogical.com as a full time journalist and a senior market analyst.

Email: lawal.khalid@newslogical.com

Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *