Coinbase to Give Away Over $100 Million in XLM to Users Who Study Stellar Protocol

United States cryptocurrency exchange Coinbase has announced that it is giving away 1 billion Stellar Lumens to users that are willing to study the Stellar protocol.

The move is part of Coinbase Earn, the exchange's crypto-focused educational program.

The company stated that this particular session of the program is its "Biggest yet." Each eligible U.S. user can gain up to $50 for using the program to study the Stellar protocol.

According to the Coinbase Earn website, the program developed in partnership with Stellar consists of five educational videos of up to three minutes each.

After watching the videos and completing a set of corresponding quizzes, users reportedly will earn XLM tokens as a reward.

XLM is currently ranked 8th by market capitalization among the top-100 cryptocurrencies on CoinMarketCap.

Earlier this month, Coinbase added support for XLM on its main retail investor platform.

The cryptocurrency was available to the majority of customers, with the exception of Coinbase users in the United Kingdom or in the U.S. state of New York, at the time of writing.

Prior to that, the company's professional trading platform, Coinbase Pro, announced it was accepting XLM deposits.

Cryptocurrency wallet provider Blockchain.com launched full support for the token, alongside giving away $125 million worth of XLM to its user base.