Crypto Give-Away Bonanza at This Year’s Web Summit

This year’s Web Summit conference sees over 69,000 attendees from 159 countries gathered in Lisbon to hear over 1,200 speakers. With 1,800 start-ups, 1,500 tech investors and 2,600 media in attendance, it is perhaps no surprise that crypto companies are taking the opportunity to make their mark at the event.

On stage at Web Summit, Blockchain, one of the world’s leading crypto wallets, announced that they have partnered with the Stellar Development Foundation to give away $125 million worth of Stellar lumens (XLM). Positioned as an ‘airdrop’, anyone signing up to the waitlist will receive about $25 worth of lumens. The offer is open to anyone with a Blockchain wallet and the first batch of recipients will receive their lumens later this week.

The blockchain is not alone in wanting to share the free crypto love. Global, multi-asset investment platform eToro announced the rollout of their highly anticipated crypto wallet. At launch, users will be able to store Bitcoin, Bitcoin Cash, Ethereum and Litecoin in their eToroX wallet. eToro has said that additional functionality is coming soon including more coins, fiat tokens, crypto to crypto conversion, the ability to deposit fiat, payment in-store and more. The first 100,000 people to download the new eToroX wallet will receive 0.1 Ethereum free which today equates to $21.

BTC.com, the digital currency platform, is also giving away cards containing free Bitcoin Cash (BCH) when you visit their stand and download their wallet. The cards contain 0.0030 BCH, approximately $2. Designed to promote the adoption of crypto, BTC.com’s stand provides everything a novice needs to know to start their crypto journey including help setting up a wallet and a quiz.

Echoing BTC.com’s focus on educating newcomers to crypto, Bitstamp, the crypto exchange, have launched a quiz – #cryptomyths – to help people separate the myths from reality in order to understand what to trade. Participants earn a starting bonus fee of $10 applicable when they make their first trade on the exchange.

While critics of crypto will doubtless label these initiatives as marketing ploys, these giveaways serve to raise awareness of crypto and drive adoption. Who wouldn’t want some free crypto!