Connect with us

Hi, what are you looking for?



Stellar airdrops tend to fall short of their objectives, research shows

The researches explained that few people prefer to keep an asset they receive for free, which casts some doubts on the efficiency of such campaigns. 

Most people decide to exchange this new money for another one (either fiat, a stablecoin or Bitcoin) and only a few of them keep using the cryptoasset by getting more of it on open markets or through other means. These findings call into question the efficacy of airdrops, as most of the coins are sold immediately.”

XLM/USD is changing hands at $0.0578. The coin has gained over 8% of its value in recent 24 hours amid the recovery from Wednesday’s low at $0.0524. Stellar is the 10th largest digital asset with the current market value of $1.16 billion.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.



Copyright © 2020 Elevenews