Bitcoin Holders Can Claim Free Stellar Lumen Tokens

Stellar - Decentralized payment network, has announced the final round of its Bitcoin-Lumen Program, where Bitcoin holders can claim its lumen token for free.

The program, which began in April 2016, features 19 percent of the total lumen supply, which developers reserved at launch exclusively for Bitcoin users.

"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", says the company in its circular.

Stellar

• Aims to offer near-instantaneous international payments at a significantly lower cost than mainstream alternatives. Its latest technology links partner organizations in a similar idea to how SWIFT operates with fiat institutions.

How it will work

• On 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. The next day it'll publish a claim page, allowing bitcoin holders to verify that they control a given bitcoin address. Then Stellar will send that address’s share of lumens to the provided Stellar account. On August 27th, 2017, the bitcoin lumen program will conclude. According to the company's sources, if there are unclaimed lumens, they’ll go to Stellar.org’s operational fund and to the Build Challenge.

Website: https://www.stellar.org/lumens/bitcoin-lumen-program/

Steller is trading at 0.026955 (4.63%) USD