Second round Stellar Lumen give away for bitcoin holderssteemCreated with Sketch.

A couple years ago or maybe even before that in the still very early days of cryptocurrency I managed to open a wallet for Stellar Lumens, I received 7000 units just for doing this and now they are giving away a bunch more to people that hold bitcoin and can prove it. Im not a big fan of XRP or ripple but free coins are always nice and they have managed to jump in price quite a bit since I received them for free.

Below I have included an article from newsbtc that talks about how the new distribution will work and how, when you can claim these coins.

img credit

Do u have any stellar lumens? Did u get them free or did u trade for them? 


 Stellar, the cryptocurrency platform with global financial inclusion as its mission has announced the upcoming Bitcoin-Lumen giveaway program. The program that strives to increase the participation of Bitcoin community members in Stellar’s initiatives is not a new thing. The second such program of sorts, the upcoming Bitcoin-Lumen giveaway is scheduled for June 27, 2017.During this giveaway campaign, the platform will be offering a total of 16 billion lumens to Bitcoin holders, which is 16 % of the initial cryptotokens and anyone who has got bitcoin balance in their wallets can claim lumens equivalent to the total proportion of bitcoins they own.According to Stellar’s recent blog post, Bitcoin network was the first cryptocurrency platform to offer a glimpse of the extreme potential the cryptocurrencies and their underlying technology has to change the world. Taking a leaf out of Bitcoin’s book, Stellar was co-founded by Jed McCaleb and Joyce Kim. The giveaway signifies the ever-present influence of Bitcoin on Stellar’s future.The Lumen distribution pattern will be based on the snapshot of the Bitcoin blockchain scheduled to be taken a day in advance. The snapshot will contain the information of the coin balances across all the accounts that are part of the network. The list will be published on the “claims page”, on the day of distribution — June 27, 2017, so that owners of the account/wallet can verify their ownership and receive the allocated lumens into Stellar accounts.Bitcoin community members can claim their fair share of lumens until August 27, 2017, after which any unclaimed lumens will be allocated to the Stellar operational fund and the Build Challenge. The Bitcoin -Lumen distribution program also has few exchanges like Kraken, BTC38, and Poloniex onboard, allowing them to collect the lumens on behalf of their users for distribution.In addition to Bitcoin community, even the Ripple community stands to gain from the giveaway. Ripple is one of the leading cryptocurrency platform being used by banking and payment applications. The goals of both Stellar and Ripple aligns to an extent, making XRP hard to ignore. The platform has allocated 1% of initial lumens amounting to 1 billion tokens for XRP users.There are already few instances where banks and remittance companies are using the platform, but the scale is still lower compared to that of Ethereum and Ripple. The Lumen giveaway program can further promote the use of Stellar among companies and banking institutions to meet their blockchain needs.  Source 

Sort:  

Don't miss the snapshop with this countdown! 2 days counting!

https://www.tickcounter.com/countdown/193941/stellar-lumens-airdrop

For poloniex lending, what period should the coins not be lent out? Is it just June 27th at 00:00:00 UTC, and then it is safe to loan them out at 00:00:01? ... or is it for several days/weeks that bitcoin should not be lent out?

Old article now (In terms of Steem time) but thank you very much for sharing this. I will definitely participate in this.

Currently doing it for byteball now too :)

Very interesting! I will check to see if Bittrex is doing this too. If not, then it is time to finally open a Poloniex account. Thanks for sharing this!

Did you ever find out whether Bittrex is a supported exchange for the giveaway? I can't find an official yay or nay.

I did not. Got involved with other projects. Polo seems to be having issues lately so never did open an account there.

cool, nice find man! So if I am holding bitcoin on Polo or Kraken I will get Lumens? What about the ones you hold in a online wallet like blockchain.info?

Yes I think so, Im still waiting for the claim page to open to see exactly how to go about it. Its something that most bitcoiners are probably unaware of

okay, so I'm going to have an eye on that =)

resteemed

I love collecting free coins, I better check this out, Thanks for post!

This post has been ranked within the top 80 most undervalued posts in the second half of May 11. We estimate that this post is undervalued by $15.91 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: May 11 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.

I don't understand the giveaway for Ripple holders. Does this mean that you needed to hold Ripples as of May 2014?

"In addition to distributing lumens to bitcoin holders, we have also reserved 1% of the initial lumens (1 billion) to holders of XRP. For XRP, we took a snapshot of the ripple ledger 6,762,000 (a ledger occurring May 22nd 2014). Any ripple account holder with less than 7.5 million XRP (~$50,000 USD at that time) in their account at that ledger qualifies for the giveaway.

Just done it! 580 stellar on my account. Thank you for sharing.