LOBSTR & ClickPesa — Onboarding Kenya to Stellar

Earn 500 KES tokens when you deposit and hold KSh on LOBSTR

4 min readFeb 22


Real-world use cases for blockchain technology are growing year over year, and they play an essential role in the transition toward a more digitized, cashless society. Stellar is both a cross-currency transaction system and a platform for digital asset issuance, designed to connect the world’s financial infrastructure. The Stellar network enables innovators to build real-world blockchain solutions that create financial access for everyone, everywhere.

We at LOBSTR believe blockchain can improve globalization, especially when high-speed & low-cost payments are combined. The open nature and versatility of the Stellar network make all this possible, allowing companies like ClickPesa to build solutions for their key demographic, Africans.

By working in Kenya, which has one of the most developed financial systems on the African continent, ClickPesa is helping increase financial inclusion by providing Kenyans with access to global markets through the use of Stellar and LOBSTR.

ClickPesa is helping bring older economies into the new age of finance, digitizing the next generation with their array of stablecoins. Since 2021, ClickPesa has allowed Kenyans to deposit Kenyan Shillings (KSh) on Stellar and receive Clickpesa’s Kenyan Shilling-backed stablecoins, KES, in return.

KES takes full advantage of Stellar’s benefits, like near-instant payments and the native Stellar DEX for asset exchange. Each KES token will always equal 1 Kenyan Shilling and are backed by an audited account.

Enter the digital economy with KES on LOBSTR

We are excited to launch our latest promo campaign in collaboration with ClickPesa, allowing verified Kenyan residents to earn a 500 KES bonus when depositing through LOBSTR!

The rules to qualify are simple. Verified Kenyan residents who deposit and maintain a balance of over 2,000 KES through ClickPesa on LOBSTR for at least 1 week (7 days) from the time they redeem the promotion code LOBSTR500 can earn a 500 KES reward.

Other terms and conditions may apply.

We have allocated 1.6 million KES to this promotion, which runs from Feb 20, 2023 until the earlier of May 20, 2023 or the date the of 1.6 million KES promotional pool is exhausted, giving verified Kenyan residents plenty of opportunity to participate.

To participate, please use our quick guide below 👇

  1. Sign up with LOBSTR using the mobile app or website.
  2. Deposit at least 2,000 KSh in KES tokens into your LOBSTR wallet via ClickPesa.
  3. Redeem the code LOBSTR500 at any time during the promotion period in the ‘Settings’ section of LOBSTR.
  4. After redeeming the code, maintain a balance of at least 2,000 KES for seven consecutive days.
  5. At the end of the seven-day period, you’ll be able to collect your 500 KES bonus by going to the ‘Pending’ section of the ‘Transactions’ tab in the side menu.

You can find the complete step-by-step guide here.

Any new or existing LOBSTR and Clickpesa users may qualify to participate in this promotion, with a limit of 500 KES per user. This promotion is only open to verified Kenyan residents with a Kenya ID who pass all required compliance reviews with ClickPesa.

Once onboarded to Stellar, users can use the wide range of functionality available through LOBSTR. Whether saving for the future, making low-fee transactions, or exchanging assets like stablecoins and cryptocurrencies, LOBSTR and ClickPesa are opening new ways for Kenyans to get involved in the digital economy.

Click here for the full terms & conditions.

ClickPesa is a fintech company that facilitates digital transactions such as cross-border payments, payment acceptance, and bulk payments for companies through different channels in Africa. ClickPesa issues stablecoins on Stellar, including the KES token, which is pegged directly to the Kenyan shilling.

LOBSTR is a leading Stellar platform for managing XLM and other assets issued on the Stellar network. LOBSTR’s simple interface and helpful tips allow everyone to get on board, whether you’re just starting with Stellar or are an active network user. Join over 700K users who deposit & withdraw stablecoins & crypto tethers, discover new tokens, and track, hold, send, and trade assets, all in one simple and secure app.

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For the latest from ClickPesa, follow them on Twitter or visit the ClickPesa website to learn more about their work.

Follow LOBSTR on Twitter or Telegram for the latest news.

Get the LOBSTR mobile app on Google Play or App Store to create an account, or if you prefer desktop, sign up via the website.

Visit ultrastellar.com to learn about other products by Ultra Stellar.

Follow @ultrastellarhq on Twitter for updates.