Stellar (XML) Defies Trend, Gains 7% While Crypto Market Flounders

Stellar Lumens (XLM), the token of cross-border payment solution Stellar and the strongest competition to Ripple, has defied the flatline trend of todays crypto market and made impressive 7 percent gains. Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP) and EOS, by comparison, all have less than 1 percent gains.

The additional gains add to an overall 13 percent in upward movement that Stellar has enjoyed this week, following the shocking announcement on Tuesday of an impending 500 million XLM (approx. $125 million) airdrop facilitated by

News of the airdrop came as a surprise to the crypto community, considering the amount of assets involved and the fact that airdrops have increasingly become associated with failed ICOs. However, Stellar founder Jed McCaleb stated in the announcement that he believes airdrops are essential for creating a more inclusive digital economy and giving away Lumens for free is an indication to communities to design the services they need.

While the move has clearly increased interest and investment in the Lumens (XLM) token, it has been greeted with a mixed reception on Reddit. One user stated: This might end up qualifying as the most expensive marketing failure of all time. The overall community appears optimistic though, seeing it for its original intention – to drive adoption, not only for Stellar but cryptocurrency in general.

To qualify for a free $25 worth of XLM, users need to sign up for a Blockchain Wallet and complete Know-your-Customer (KYC) procedures, an anti-privacy regulation that many traditionalists in the crypto community are resistant to. For these reasons, some may see the airdrop as a tactic by to continue attracting users in face of increasingly restrictive regulatory requirements.

At the time of print, Stellar Lumens (XLM) is trading at almost $0.28, up from $0.24 a week ago. Its market cap is $5.15 billion.

Author: Jed McCaleb
Image Credit

The Blockchain Wallet Plans a $125M Airdrop of Stellar Crypto to Drive Mainstream Adoption

Blockchain, one of the world’s biggest crypto wallets, plans to give away a vast amount of cryptocurrency in a bold move to scale the adoption of crypto to a more mainstream audience.

Blockchain and the Stellar  Development Foundation ( will distribute $125 million worth of Stellar lumens [XLM] to Blockchain’s users. Blockchain is claiming this is the largest airdrop in the history of crypto, and potentially the largest consumer giveaway ever — and to most outside observers, it looks that way.

Critics of the move will, however, may lay the charge that it’s a cynical move akin to cheap marketing techniques. Whatever the case, most people would probably say they’d have quite liked someone to “give them a bitcoin” a few years ago… It remains to be seen, however, what effect it will actually have on the ground in regards to crypto adoption.

Accessible to anyone with a Blockchain wallet, Blockchain says that the first batch of recipients will receive their lumens, Stellar’s native digital currency, this week — for free. The Stellar network has gained a reputation for scalability, with its lumen token enabling competitively quick, low-cost worldwide transactions. It has its critics however, and not every crypto fan out there will be impressed.

In a statement, Peter Smith,  CEO at Blockchain, said:

“At Blockchain, we’re committed to putting our users first. Providing exclusive access to the next generation of cryptoassets allows new and existing users alike to test, try, trade, and transact with new, trusted cryptoassets in a safe and easy way. We’re empowering our users with private keys, which allow them to go beyond just storing their crypto to actually using them. In turn, we can help build a bigger and more engaged crypto community, and drive network effects that make the ecosystem more useful and valuable for the many rather than the few.”

Stellar is Blockchain’s first airdrop partner following the launch of the company’s Airdrops Guiding Principles framework in October 2018.

Jed McCaleb,  co-founder of Stellar Development Foundation, said, “We believe that airdrops are central to creating a more inclusive digital economy. Giving away lumens [XLM] for free is an invitation to communities to design the services they need. Our hope is to eventually have global citizens own and use lumens, in both developing and developed economies. By working with Blockchain to increase the availability and active use of lumens on the network, leveraging their almost 30 million wallets, we will increase the network’s utility by many orders of magnitude.”

As part of the airdrop, Blockchain is also partnering with a number of organizations to further the adoption of lumens, including charity: water, Stanford’s emerging tech initiative,, and Network for Good who share the company’s vision for using this transformational technology to build a better future. Blockchain plans to reveal specific details of each initiative in the coming weeks.

Carissa Carter, director of Teaching and Learning at Stanford, said,

“The strength of any network is derived from innovation. We are excited to join Blockchain on this airdrop to empower some of the most brilliant and creative minds to start experimenting and building on Stellar’s network.”

Author: Mike Butcher
Image Credit

6 Airdrops Earning Participants Decent Money

As the week is coming to an end, the time has come to look at some new token airdrops to take full advantage of. The following projects all seem to offer something interesting in this regard, although the value one can earn from these tokens can fluctuate quite a bit.

#6 Wellmee

The Wellmee project describes itself as a decentralized mobile app built on AI technology to enhance the “well being of every user”. Its native token is issued on Stellar’s infrastructure, which makes for an interesting choice. Users can fill in the airdrop form and following them across social media and Telegram to claim up to 340 WLME tokens. It is expected these tokens have a combined value of $17.

#5 Clear Foundation

Although one wouldn’t necessarily start a foundation with an initial coin offering and token airdrop, Clear Foundation is doing things differently. Their goal is to provide a secure backbone architecture to secure cryptocurrencies and the project claims to have a partnership with Hewlett Packard Enterprise. Participants in the airdrop will receive 500 tokens per social task, for a maximum of 4,000 CLEAR tokens. Its value is a bit unclear but Ethereum users can benefit from this airdrop.


#3 Qobit

This all-in-one crypto investment ecosystem will focus on the user experience and knowledge sharing first and foremost. Its airdrop encompasses earning tokens for all kinds of social media activity to receive $5 worth of Ethereum-based QOBI tokens. A total of $50,000 worth of tokens will be given away during this airdrop campaign.

#2 GAMO Protocol

Building a new blockchain and architecture of trust to create Decentralized Autonomous Initial Coin Offerings is the main objective of this project. A total of 60 GAMO tokens will be distributed to airdrop participants, which are valued at a total of $2.8. This is another Ethereum-based airdrop for users to take full advantage of.

#1 SocialRemit

This particular platform aims to provide emerging projects with financial and technological tools based on blockchain technology. Their airdrop will reward participants with up to 130 Ethereum-based CSR tokens for effectively participating in the social media activity. The value of 130 tokens is estimated to be $75, though it requires a bit of work to effectively get to this figure.

Author: JP Buntinx
Image Credit 

$42 Million In Crypto Is Now Being Airdropped to NEO Investors

Beginning this weekend, those who held tokens on the Neo blockchain, the 11th largest in the world, began to receive 10 million ONT tokens (worth $42,100,000 at press time) designed to power an entirely new crypto technology platform called Ontology. Recipients must have held Neo on March 1.

Select Neo users are now receiving free crypto money.

Part of the “ONT token distribution,” the move effectively rewards all users of the Neo blockchain for providing the technology necessary for the project’s fundraising.

If that sounds confusing, the move has been in the works for some time.

In February, the Neo Council, a body set up to oversee the Neo blockchain protocol, announcedthat it would freely distribute 20 million ONT tokens – the main assets on the Ontology blockchain network – to eligible NEO token holders through a two-stage “airdrop.” Ontology’s creators granted100 million ONT, or 10 percent of the maximum supply, to the Neo Council “for relevant cooperation and to support NEO community feedback,” the Ontology team wrote in March.

As well as the deadline for completing the Neo Council airdrop, Monday marks the beginning of Ontology’s token migration, in which holders of Neo-based ONT must move their tokens over to Ontology’s “mainnet” – its own, freestanding blockchain.

Ontology is one of several projects to embark on token migrations – also known as token swaps – in recent months. Some of the most prominent include EOS and Tron, both of which moved from ERC-20 tokens to native tokens on their own dedicated blockchains. (Ontology, as noted above, is moving from an NEP-5 token to its own blockchain.)

For users of certain exchanges, this process will be automatic, but others will need to manually complete the transfer. The Ontology team has posted an explainer, but the process will be more complicated for some users than others. Ledger wallet users will need to transfer their NEP-5 tokens to another wallet, for example.

Adding a layer of complexity, ONT tokens on Ontology’s mainnet are indivisible. In other words, users cannot migrate 1.2 NEP-5 tokens to mainnet – they have to top up to 2 ONT, sell down to 1 ONT, or accept that 0.2 ONT will simply disappear.

Fortunately, ONT investors have until October 1 to complete the migration.

More details

Stepping back, Ontology, which launched at the end of June, and Neo are public blockchain protocols with teams primarily based out of China. Both emerged from Onchain, a Shanghai-based technology firm.

While separate entities, Neo and Ontology are closely aligned and engage in “technical cooperation,” according to Ontology founder Li Jun.

The Neo Council’s ONT token distribution was divided into two equal halves. Anyone who held NEO at a certain point on March 1 is entitled to receive 0.2 ONT per NEO. The first half (0.1 ONT per NEO) was distributed to Neo addresses as an NEP-5 token – a Neo-based token standard similar to ethereum’s ERC-20.

The second half of the airdrop began over the weekend, except that this time, ONT tokens were distributed as native tokens on the newly launched Ontology blockchain, rather than as NEP-5 tokens. As the Ontology team explained in an announcement, recipients’ Ontology addresses, WIFs (wallet import formats), and private keys will be identical to their counterparts on Neo.

Social media posts indicate that at least some users have successfully received their ONT at the time of writing. The Ontology team’s announcement gave Monday, July 9 as a deadline for completing the airdrop.

The Ontology community has another airdrop of ONT to look forward to, according to Jun, but details have yet to be revealed.

The Ontology team previously gave away 1000 ONT to people who signed up for its newsletter and completed a know-your-customer (KYC) check; it also gave 500 ONT to attendees of a Neo developers’ conference who gave their email.

Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Author: David Floyd
Image Credit

Don’t forget to join our Telegram channel for Crypto, Business & Technology news delivered to you daily.

AVINOC The Blockchain Solution Disrupting the Global Aviation Business

What is AVINOC? The original name is Aviation Network Operation Chain. It is a platform for the global General Aviation (GA) business, using a new concept and innovative Blockchain technology. It aims to bring the power of decentralization and the speed of blockchain systems into the GA, especially into the Business Aviation (BizAv) sector and as a second step consequently into the Airline Business.

June 23rd, 2018. Hong Kong. To put it simply, AVINOC brings passengers, airlines, air traffic control and travel agencies together. This means that classical, old-school booking companies like or will in future lose some or much of their business. Blockchain technology allows for direct link between players and AVINOC cuts out the middleman, the intermediary which used to bring passengers and airlines together when it comes to flight bookings. Also, other services can be provided: Booking can be done much easier for groups in the future, you would know better who is travelling where and can bring friends together on the platform, like circles.

Blockchain technology enables us to get in touch with our airline provider similar to telegram; simple, easy and with much better, faster services.


AVINOC is a platform for the worldwide coordination of business flight activities within general aviation. By it’s very nature, it is decentralized and completely transparent while protecting the privacy of both individuals and companies. AVINOC has been designed to achieve optimal resource utilization and reduce costs significantly. It’s main goal is to overcome the shortcomings associated with current aviation businesses, such as opaque and complex processes, high costs for intermediaries and brokers as well as delayed flights.

Thus, AVINOC will also reduce a lot of empty flights! Planes with no passengers on board shall be avoided, air carriers will be filled and better standby-options will be offered. This will ensure that flights are more efficiently used making them cheaper to the end customers like tourists or business people. The second interesting aspect is that by reducing empty flights, fuel consumption will also be substantially reduced which is beneficial to the environment and reduces greenhouse gas emission.

The days of manual order processing and information retrieval via e-mail, telephone or fax – currently considered to be “best practice” especially in the business aviation industry will come to an end. Going far beyond established technologies, AVINOC will allow for direct bookings and payment in the BizAv on a global scale by constantly making all relevant data available to the user. It’s 2018, but – believe it or not – it may still take more than eight hours of human labour to organize a single business flight.

AVINOC will change all that. For the very first-time, bookings of individual flights will be possible instantly and without any third-party involvement.

AVINOC will facilitate an optimized crew management, e.g. by paying salaries and fees directly, on time and across borders. It will support the ordering and payment of fuel globally as well as refuelling in time to make business trips more economic. Using AVINOC will result in a significant process speed-up and cost reduction to the benefit of the customer as well as the supplier. What is more, AVINOC will provide the basis for a complete automation of Business Aviation – particularly in view of the future of autonomous flying.

Due to the ever-increasing complexity of the coordination process, intermediaries such as brokers and their broker-portals have continually been raising prices at an alarming rate. AVINOC will eliminate all those costs by completely forgoing the intermediaries. It will empower the customer and cut through the complexity.

Aviation Disruption

AVINOC forms a superset of a Blockchain solution, not only for BizAv but for the entire aviation business. Overcoming the highly complex BizAv structure will build a strong foundation for solving similar problems, only of lesser complexity prevalent in the Airline Business. Following the “Facebook Story” by first implementing AVINOC in BizAv, as Facebook did for universities, scheduled Airline and Charter Business will be the next logical step of AVINOC’s worldwide development.

Since the 1960’s, the organization of airline air travel has been steered by the same technology, even to this day. This system is generally known as the Global Distribution System (GDS). In this system, transactions are made between airlines and travel agencies that offer air travel to passengers. This market is dominated by three players worldwide. Apart from the GDS and as a more recent development, numerous price comparison and booking portals have emerged over the last two decades, separating airlines from customers and leading to a lack of transparency. Technical innovation is urgently needed to break this artificial overpriced system and to restrengthen the airline market from the inside.

AVINOC creates new concepts to manage the General Aviation Business and provides innovative solutions for airline ticketing. Effortless direct booking, time saving and empowerment of the traveller through lower ticket prices, as well as cost reduction for airlines and operators are the standards that we are setting for the future of the Aviation business.

Token Details

The strength of AVINOC is based on its generic model and the internal payment system, the first incarnation of which will be an ERC-20 token published on Ethereum. The token is a utilization token and will be traded on exchanges and circulated globally. AVINOC token will be required for writing data into the blockchain and as a means of spam protection and process optimization. It will be used for payments within the system e.g. to pay for tickets, crews, fuel, airport fees, handling, ATC (air traffic control), maintenance and much more.

There is a fixed amount of 1 Billion tokens, 40% of which will be for sale for the general public. The issuing price of each token will be USD $0.05 at the token sale.

Useful Links:

Visit the website:

Read the Whitepaper:

Chat on Telegram:

Meet the team:

Connect on Facebook:

Connect on Twitter:




Media Contact

Name: Gernot Winter


AVINOC is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

CoinList Service to Offer Investors Free Crypto!

Who thought giving something away could be so complicated?

That’s the question crypto innovators have had to come to terms with since the concept of “airdrops” – or the practice of gifting tokens in massive giveaways – has come under the scrutiny of government regulators.

But with the launch of a new product Wednesday, CoinList, an initial coin offering (ICO) facilitator spun out of the renowned startup incubator AngelList, is looking to streamline the process of airdrops in a way that doesn’t run afoul with the law.

Aptly named Airdrops, the product runs users through compliance checks and attestations so that a token issuer can give CoinList’s users free tokens. On top of that, if the issuer is looking for users that meet certain criteria (be it a profession or location), they can verify that users actually fit those backgrounds.

In this way, CoinList CEO Andy Bromberg believes he has found a way to enable airdropped offerings at a time when many in the industry are looking for a compliant service. Token issuers themselves have had no shortage of issues here, with some, including video-monetization service Stream, even backing off the concept altogether because of the regulatory uncertainty.

Indeed, the SEC hasn’t taken a formal stance on how it views crypto tokens delivered through ICO, airdrops or other forms of sales and giveaways, but it’s clear regulators are currently investigating that question.

Still, Bromberg is confident in his assembled solutions, and in interview, he hinted at dialogue with regulators that would attest to the viability of the service.
“In our typical compliance first mindset, we sat down and said: Is there a way to pull this off without violating securities laws? And what we came to is the compliant Airdrops product,”
“I can’t comment on individual discussions with the SEC. What I can say is we are in frequrent communication with them and — based on our understanding of securities law — we are very comfortable with this.”

Don’t forget to join DollarDestruction’s NEW telegram channel! At least 15 news articles delivered to you daily!

Not only does the startup believe it has a solution for working under existing securities law, but it’s also opening up its existing user base of past investors to new token issuers. Once users have gone through the company’s compliance flow, they will be verified to receive airdrops, and CoinList will take a nominal fee from users (less than $1 per airdrop) to accept new tokens.

To date, according to its website, CoinList has run $850 million worth of token sales through its platform, representing what could be a vast pool of people interested in investing and taking part in future crypto tokens.

Compliance as a service
While that pool of potential investors will likely be attractive for token issuers, Coinlist’s product is opt-in – a feature added to reduce spam and mitigate the security threats that have become a common annoyance from crypto enthusiasts involved in such offerings.
Also, CoinList says it’s only willing to work with token issuers that are focused on complying with the law. And that’s partly because CoinList will be promoting these projects for issuers.

Still, CoinList’s Airdrops product seems to be set up whereby all the compliance effort is offloaded from the issuer, which many issuers will like since many are not securities law experts.

CoinList’s product allows for airdrops that might fall under Regulation S and Regulation D and will also collaborate with AngelList spin-off Republic, which has a license to sell securities under limited conditions to non-accredited investors using Regulation CF.
The company is also doing a country-by-country analysis to determine what sorts of checks issuers will need to do in order to airdrop to users around the world.
Depending not only on the goals of the issuer and who they want to give to, different levels of know your customer (KYC) and anti-money laundering (AML) requirements will be needed, and whether issuers can to both accredited and unaccredited investors or one or the other.

And all of this has already proven enticing to token issuers. Bromberg said the company is in negotiations with more than one issuer to use its Airdrops product but declined to disclose which ones.

While CoinList has so far been focused on fundraising, Bromberg said that potential issuers will not have to have a token sale on the platform in order to use the new product.
“We’re interested in exploring this model where in some cases … funding might be separate from distribution,” Bromberg said.

The right recipients
Still, different companies might have very different goals for an airdrop, and Bromberg gave two examples of use cases he believes could work well.

For example, he said a company with a token it believes regulators will recognize as a utility token, something used primarily to access a certain service, can use CoinList to get it in the hands of people who are likely to be the most interested.

This issuer might target software developers, and in this case, CoinList would enable them to authorize the airdrop to check a users Github API and distribute to developers with a certain commitment frequency.

Getting the tokens in the hands of people who will ultimately use the token as intended “will help that network get to a place where that token is no longer a security,” Bromberg said.
Still, there could also be companies that want to issue securities, Bromberg said: “A company could tokenize some of their equity and give that equity, give those tokens, to early users on the product.”

As such, CoinList will also offer a wide array of ways to authenticate users as meeting certain objectives, be it a certain audience on Twitter, a certain location in the world or a certain occupation. It can use APIs off other websites to verify these target goals to insure that an airdrop recipient meets them.

Because it is running KYC/AML checks on all of them, it also verifies that each user receives a token allocation only once. “It prevents gaming the system,” Bromberg said.
It’s an approach designed for an excess of caution, but one that’s also ready to adapt.
“Whether or not these things are securities, we are treating them like securities to be as safe as possible,” Bromberg said. To that end, some startups have been meeting with the SEC to ask for what’s called a no action letter, a document that says regulators believe a given company has not violated securities law.

If something like that comes to pass, CoinList is confident enough that the platform is ready for that, too.

Bromberg concluded:
“We’d be open to airdropping without the compliance layer.”

Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Author: Brady Dale
Image Credit