Stellar.org is distributing lumens to Bitcoin holders as part of a strategy to seed the ecosystem with developers and increase network liquidity. The initiative aims to attract early adopters who understand distributed ledgers to build real-world applications like payments, remittances, and financial services.
Stellar.org has allocated a portion of its 100 billion lumen giveaway program specifically for Bitcoin holders, testing the hypothesis that early adopters in the Bitcoin community are ready to build applications on distributed ledgers. The program aims to incentivize development and increase liquidity on the Stellar network by attracting builders interested in creating services for the 2 billion unbanked people globally. Bitcoin holders can claim lumens until August 27th. The initiative supports Stellar's three-phase roadmap, currently in phase 2 focused on integrating financial institutions and service providers as anchors. Remaining lumens will fund design challenges and prototype rewards to seed use cases in savings, credit, and payments.
