The Bitcoin Lumen Program is launching next week on Tuesday, June 27th. To get all the details of the program, please check out the full blog post.To get you up to speed on how you can claim lumens, we’ve provided a little cheat sheet below. However, make sure to check the full-post so you don’t miss any details.
Last October we concluded our first lumen distribution program for bitcoin holders as part of Stellar.org’s commitment to reserve 19% of the initial lumens—19% of the initial lumens—a total of 19 billion lumens—for people who hold bitcoin.Today, we are announcing that for the next round, we are distributing up to 16 BILLION lumens to bitcoin holders or 16% of the initial lumens. On June 27th, 2017, we will make available these lumens to any bitcoin holder who wants them, including those that received lumens during the first giveaway round.If this is new to you, you may ask why are we doing this? When we were first designing Stellar, Bitcoin acted as a profound inspiration. The Bitcoin network was the first to show that it’s possible for a group of untrusted parties to agree on a common database, and the Bitcoin community still influences our understanding of this technology’s impact.
How to claim your lumens
On June 27th we will post a link to the claim page on the blog, Twitter, and our Slack channel. Since you’ve already signed up to receive emails from us about the program, we’ll also send you a reminder email with the link letting you know that the program has launched.Once you open the claim page, you’ll need to follow these simple steps:
- Authenticate with Facebook.
- Enter your Stellar public key or generate a new one.
- Enter your Bitcoin address. For P2SH (multisig) addresses, you will be asked for a redeem script.
- 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.
- If signatures are correct lumens will be sent to your Stellar account.
How to claim lumens if your bitcoin are on a participating exchange
If your bitcoin are held on one of the participating exchanges, there is no action you need to take. They will handle the process of automatically crediting your account with the appropriate amount of lumens. Refer to the blog post for the most up-to-date list of participating exchanges.*Important: it could take some time for them to distribute. Contact your exchange if you have questions on when you will receive your share of lumens after the launch date! Claim lumens XRP holdersTo be eligible to claim as an XRP holder, you need to have held XRP when we took the snapshot on May 22nd, 2014. To claim as an XRP holder, you’ll follow these steps:
- Authenticate with Facebook.
- Enter your Stellar public key or generate a new one.
- Send a small amount of XRP (even 1 drop is OK) to the provided Ripple address with a displayed destination tag. Please note that we will not be able to send your XRP back!
- After receiving a payment to the provided Ripple address, lumens will be sent to your Stellar account.