How XRP holders will get their stellars. Ledger 6,762,000 will now be used as referenceAfter talking to JED on official forum, they are now using an older ledger
Bitcoin program 20% of the initial stellars are set aside to be distributed to holders of bitcoin and XRP (19% for bitcoin holders and 1% for XRP holders).
We will take a snapshot of the bitcoin blockchain at a particular date and will set up a claim page that will allow bitcoin holders to receive their pro-rata share of the stellars reserved under this program by verifying they control their address from that blockchain snapshot. For example, a user owning .001% of the bitcoins in the blockchain snapshot would receive .001% of the stellars set aside for bitcoin holders under this program, or 190,000 stellars.
For bitcoin holders, distribution will begin within 6 months after Stellar is open to the public. The Foundation will maintain this claim site for at least 3 months.
For XRP, we will take a snapshot of ripple ledger 6,762,000 (a ledger occuring May 22nd, 2014). Any ripple account holder with less than 7.5 million XRP (~$50,000 USD at that time) in his or her account at that ledger will qualify for the giveaway. Every qualified XRP holder has two options to participate:
Pro-rata: Similar to the bitcoin holders, eligible XRP holders may receive their pro-rata share of stellars allocated to this giveaway (1%) and be credited for up to 1.5 million XRP.
Donation: Eligible XRP holders may also donate up to 1.5M XRP to a selection of charities and receive an equal amount of stellars in return.
For example: Sam had 1 million XRP as of ledger 6,762,000. He could choose to donate his XRP to a charity listed in the program and get 1 million stellars from the bitcoin program. Or he could choose to claim his pro-rata share of stellars allocated to this giveaway. Sam has .001% of the XRP so he would get .001% of the 1 billion stellars allocated to the XRP holders or 10,000 stellars.
The XRP claim page will be up at within 6 months after Stellar is open to the public and will remain up for at least 3 months.
Members and board members of the nonprofit will not participate in the bitcoin program for any bitcoins or XRP they hold during the claim period. If there are unclaimed stellars in the bitcoin program after this period, they will go to the nonprofit’s operational fund.
To check your balance at that time:
open
https://ripple.com/tools/api/in the JSON field write
{"command": "account_info","account": "rrrrrrYourAccountNumber","ledger": 6762000} and send request. dont forget to replace rrrrrrYourAccountNumber with your real account number before sending down in response, you will see something like:
"Balance": "123456789", that's the amount of XRP you had at that moment, just insert decimal separator before the last 6 digits. example above means 123.456789 XRP
