Crypto wallet provider Blockchain will distribute cryptocurrency to millions of its users in what appears to be the largest such giveaway of its kind.
The giveaway airdrop will see recipients each get about $25 worth of the cryptocurrency commonly known as Stellar as part of an overall distribution worth $125 million.
Stellar is currently the sixth largest cryptocurrency with a market cap of around $5 billion.
The distribution process will take place over a period of several months, and that the amount of Stellar users will receive will vary somewhat based on geography. He added that existing Blockchain wallet holders will get priority in the distribution, and that the company is reserving the right to modify the terms of the arrangement going forward.