Interested in earning some XLM? In this article, you will discover the best ways to earn free stellar lumens online.
What Are Stellar Lumens?
Lumen (XLM) is the native cryptocurrency of Stellar, an open-source network for storing and moving money. The blockchain network allows users to create, trade, and send digital representations of all types of money from dollars to bitcoin. The goal of stellar is to allow all financial systems in the world to work together.
Jed McCaleb and Joyce Kim launched the stellar protocol in 2014. The Stellar Development Foundation supports Stellar.
At the time of writing, the XLM price was $0.5, and the market capitalisation was $11.5 billion, according to data on Coinmarketcap.
How to Get Free Stellar Lumens
There are several ways to earn free stellar lumens online. Below are three options.
Free Stellar Lumens Faucets
A faucet is a website or app that gives participants small amounts of crypto as rewards for minor tasks. Some of these tasks entail filling out surveys, watching advertisement videos, playing games, or just solving captchas.
Here are four platforms that offer XLM faucets:
- Coinmonster: this faucet offers several coins, including XLM. The claiming interval is 15 minutes. Furthermore, the faucet rewards participants with coins between 0.00046867 and 468.67XLM. Users are eligible for withdrawal once their holdings reach three lumens. You have to register to use Coinmonster.
- ES Faucet: this is another multi-coin faucet where you can claim stellar lumens. You can make a claim every five minutes. Also, you have to create an account to earn free stellar lumens.
- EarnCrypto: here you can earn free stellar lumens by playing games, watching videos, completing surveys, and referring friends.
- Idle Empire: sign up and perform tasks like finishing paid surveys, watching videos, and playing games.
Learn to Earn XLM
Another way to earn free XLM is by learning how stellar works on Coinbase. Currently, you can earn $10 worth of XLM for taking five lessons. Learners obtain $2 worth of XLM for every lesson.
You can also learn about other projects on Coinbase and earn Celo, Maker, Compound, Graph, and Band. To earn XLM on Coinbase, you have to sign up first.
You can also participate in an airdrop to earn XLM. An airdrop is the distribution of cryptocurrencies for free as a marketing strategy. In most cases, coin issuers will require people interested in the airdrop to hold a given amount of the token before they can participate.
In 2019, stellar held a two billion XLM airdrop for verified Keybase users. Each month for twenty months, users of this platform received XLM in their accounts. The monthly airdrop was 100 million XLM.
Stellar could launch more airdrops in the future. To earn free lumens through this method, you should stay up to date by joining the stellar community.
You can acquire a stellar wallet now that you know how to get free stellar lumens. Furthermore, you should always research any platform offering free XLM before you start participating. That way you can make sure you don’t fall for any scams.