10 million (10,000,000) PayCoupons Tokens (PCT), equating to 20% of total supply, are eligible for distribution to Stellar Lumen (XLM) holders in an airdrop event. The airdrop started on June 15, 2018.
We took a snapshot of the Stellar blockchain on June 13, 2018 at 16:00 UTC. The snapshot contains the Stellar Lumen (XLM) balances of all Stellar accounts at that time. All accounts with a minimum balance of 5 XLM are eligible to receive PCT in the airdrop. The payout is determined as follows:
- An eligible account is eligible to receive a base payout of 5 PCT.
- In addition to that, the account is eligible to receive a payout of 0.010794855733408819… PCT per XLM. Up to 50,000 XLM per account are considered.
These numbers are chosen so that exactly 10 million PCT are distributed if every Stellar account holder claims their eligible PCT payout.