Were Giving Away 3 Billion Lumens to Bitcoin Holders
(an announcement from Stellar.org cofounder and CTO Jed McCaleb)
When we were 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.
With all that in mind, Stellar.org has reserved
19% of the initial lumensa total of 19 billion lumensfor people who hold bitcoin. On July 5th well make available these lumens to any bitcoin holder who wants them.
How will it work?
We'll give away the 19 billion lumens in several rounds. The first round will consist of 3 billion lumens.
Read about the full details here.
Hope to see you on July 5th!
tldr the rich get richer and 3 billion lumens get dumped in July. also exchanges that do not participate might get in trouble if a lot of people suddenly withdraw their BTC.