I want to talk about making money using Stellar Chain tokens, not XLM itself, but let's get this out of the way: Stellar Airdrop in collaboration with Blockchain.com has been giving away a total of $125,000,000 worth of Stellar Tokens (XLM). I did that, and at the time I got me a 25 USD worth XLM coins in my blockchain wallet. Here is their announcement:
What I am talking about here is, though joining XLM airdrops, which give XLM tokens, not the XLM itself. What is happening now is similar to what you are doing with ETH tokens. You know, you get your ETH tokens like eBTC, BOB, etc. through airdrops and then sell them through decentralized exchanges and make money. The tool people using for that purpose used to be Etherdelta; now it is Forkdelta. If you have read my previous article here, you can see that I suggest waiting for the token to get into a decent exchange and then selling it for more money.
Similarly, you get your XLM tokens and sell them right in your wallet, which has a decentralized exchange because space right now is fit for them to be sold at this DEX. You may have different web wallets such as LOBSTR, stellarport , interstellar, stellarterm, check out all the different wallets here: https://www.stellar.org/lumens/wallets/
I have been using LOBSTR.com, which is available as a web app and also has native Android and iOS apps and gave me a free XLM account. Whatever site you have your XLM wallet on, you can use the decentralized, shared exchange to buy and sell your tokens.
Check out this site https://airdropalert.com/stellar-airdrop for more information. To be alerted to new and good quality airdrops, go to Telegram and turn on notifications from this channel:
The airdropking channel comes highly recommended.
The thing about XLM is that you need to establish a trustline for the airdrops you signed up. And you never know whether your tokens will arrive. To mitigate this problem, I wrote this article for you all, and you can simply give a “catch-all” address to airdrops, and you can claim your tokens as they arrive. There will be no need to establish a trustline or anything. Check out my article right here:
There will be XLM airdrops in addition to others. This is because XLM airdrops are far and in between these days, but if you come across one, I say don't miss it, and let us know here in the comments!
