Copy readme content from v1 (#571)

README.md

@@ -5,17 +5,41 @@
 
 -----
 
-**Table of Contents**
+# Splunk Distribution of OpenTelemetry Python
 
-- [Installation](#installation)
-- [License](#license)
+The Splunk distribution of [OpenTelemetry Python](https://github.com/open-telemetry/opentelemetry-python) provides
+multiple installable packages that automatically instrument your Python application to capture and report distributed
+traces to Splunk APM. Instrumentation works by patching supported libraries at runtime with an OpenTelemetry-compatible
+tracer to capture and export trace spans.
 
-## Installation
+This distribution comes with the following defaults:
 
-```console
-pip install splunk-opentelemetry
-```
+- [W3C tracecontext](https://www.w3.org/TR/trace-context/) and [W3C baggage](https://www.w3.org/TR/baggage/)
+  context propagation;
+  [B3](https://github.com/openzipkin/b3-propagation) can also be
+  [configured](https://docs.splunk.com/Observability/gdi/get-data-in/application/python/configuration/advanced-python-otel-configuration.html).
+- [OTLP gRPC exporter](https://opentelemetry-python.readthedocs.io/en/latest/exporter/otlp/otlp.html)
+  configured to send spans to a locally running
+  [Splunk OpenTelemetry Connector](https://github.com/signalfx/splunk-otel-collector)
+  (`http://localhost:4317`).
+- Unlimited default limits for 
+  [configuration options](https://docs.splunk.com/Observability/gdi/get-data-in/application/python/configuration/advanced-python-otel-configuration.html)
+  to support full-fidelity traces.
 
-## License
+## Requirements
 
-`splunk-opentelemetry` is distributed under the terms of the [Apache-2.0](https://spdx.org/licenses/Apache-2.0.html) license.
+This Splunk Distribution of OpenTelemetry requires Python 3.7 or later. Supported
+libraries are listed
+[here](https://github.com/open-telemetry/opentelemetry-python-contrib/tree/main/instrumentation).
+
+## Get started
+
+For complete instructions on how to get started with the Splunk Distribution of OpenTelemetry Python, see [Instrument a Python application for Splunk Observability Cloud](https://quickdraw.splunk.com/redirect/?product=Observability&version=current&location=python.application) in the official documentation.
+
+
+# License
+
+The Splunk distribution of OpenTelemetry Python Instrumentation is a
+distribution of [OpenTelemetry Python](https://github.com/open-telemetry/opentelemetry-python).
+It is licensed under the terms of the Apache Software License version 2.0.
+See [the license file](./LICENSE.txt) for more details.