Less than two weeks after Coinbase added support for Stellar (XLM), the U.S-based cryptocurrency exchange and wallet provider said in an announcement today that it will reward users with as much as $50 worth of XLM for taking part in a series of lessons about the Stellar project.
The offer is part of a partnership between Coinbase and Stellar which will reportedly see the distribution of 1 billion worth of XLM tokens to those who partake in the learning program in the coming months.
Coinbase notes that eligible participants in the U.S will receive an email invitation to take part in the sessions within the next few days while these users could earn “up to $40 more of XLM by inviting four eligible friends” to complete the lessons.
The latest offer is part of the Coinbase Earn initiative which incentivizes learners with cryptocurrencies for learning how the new payment systems work. In December, Coinbase announced a similar initiative that paid users 0X tokens (ZRX) for completing learning courses about the blockchain protocol.
Meanwhile, for the Stellar Foundation, it marks the second high-profile giveaway in just a couple of months. In November, the project partnered with leading cryptocurrency exchange, Blockchain to initiate an airdrop of $125 million worth of XLM tokens to users.
Stellar XLM Outlook — Bearish
The announcement by Coinbase was not enough to bail out Stellar (XLM) from the general sluggish performance of the cryptocurrency market in the last 24 hours.
At press time, data from Coin360.com shows that Stellar (XLM) is slightly over 1% down on the day, a figure that closely mirrors that of most top ten coins excluding EOS which is seeing the same margin of movement in the positive direction.