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Lumens giveaway for xrp holders?

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Came across this news from Stellar. 

Quote

We’re Distributing 16 Billion Lumens to Bitcoin Holders

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.

...

Claim lumens: XRP holders

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. Every qualified XRP holder can participate in either one of two ways:

1) Pro-rata: Similar to the bitcoin holders, eligible XRP holders may receive their pro-rata share of lumens allocated to this giveaway (1%) and be credited for up to 1.5 million XRP.

2) Donation: Eligible XRP holders may also donate up to 1.5M XRP to a selection of charities and receive an equal amount of lumens in return.

On June 27th we will provide a link to the claim page, which will walk you through this simple process:

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.

 

https://www.stellar.org/blog/bitcoin-claim-lumens-2/

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and by the way this isn't news, it's very old -- and there's another couple of threads on it

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It works.  1:10 XLM:XRP is the ratio being offered.  While the vast majority of the 1 billion Lumens being offered to the XRP holders from May 22, 2014 will never be claimed and will go back to the Stellar Foundation operational fund, I think this is a fair approach.

Thanks Jed & SF.

- cw

Edited by celticwarrior72

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16 hours ago, celticwarrior72 said:

1:10 XLM:XRP is the ratio being offered

so that xrp holders can't dump on the market as badly as jed dumped on them

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