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:
- Authenticate with Facebook.
- Enter your Stellar account ID.
- 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.
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