Distributing 16 Billion Lumens to Bitcoin Holders on June 27

in #steemit • 7 years ago

Stellar Lumens

Last October, Stellar concluded first lumen distribution program for bitcoin holders as part of Stellar.org’s commitment to reserve 19% of the initial lumens a total of 19 billion lumens—for people who hold bitcoin.

On  June 27th, 2017, Stellar distributing up to 16 BILLION lumens to bitcoin holders or 16% of the initial lumens. , They will make available these lumens to any bitcoin holder who wants them, including those that received lumens during the first giveaway round.

How will it work?

June 26, 2017: Stellar will take a snapshot of the blockchain at the first block mined with a timestamp on June 26th (UTC/GMT). This snapshot will record the coin balances of all bitcoin accounts at that time. 

June 27, 2017: They will publish a claim page, allowing bitcoin holders to verify that they control a given bitcoin address. Stellar will then send that address’s share of lumens to the provided Stellar account.

Claim lumens: Individuals

On June 27th: They will provide a link to the claim page, where you will need to complete this simple process:

  1. Authenticate with Facebook.
  2. Enter your Stellar account ID.
  3. Enter your Bitcoin address. For P2SH (multisig) addresses, you will be asked for a redeem script.
  4. Sign a displayed message. For P2PKH (normal bitcoin address) only one signature is required. For P2SH (multisig) addresses you need to provide as many signatures as required to release the funds from a P2SH address.
  5. If signatures are correct, lumens will be sent to your Stellar account.

Most bitcoin wallets support this, including:

  • Bitcoind
  • Bitcoin-qt
  • Electrum
  • Mycelium
  • Trezor
  • Nano

NOTE:  Bitcoins with coinbase won’t be able to claim lumens.

Further information click here

#life #stellar #lumens #bitcoin
7 years ago in #steemit by
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     7 years ago  

    Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
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