The first airdrop of BitTorrent (BTT) is scheduled for February 11th, 2019, and it will be distributed to TRON (TRX) holders by the BitTorrent Foundation. The airdrop will be executed after the TRON network reaches the height of 6.6 million blocks, and it will include 10,890,000,000 BTTs, or 1.1% of the token’s circulating supply.
The airdrop will be the first of many in a series which is expected to go until 2025.
How to qualify for the airdrop?
The airdrop is already supported by multiple cryptocurrency wallets and exchanges, and those who wish to participate need to fulfill two conditions. The first one includes holding an amount of TRX coins, and the second one is to ensure that the coins are stored in a wallet or on the crypto exchange that will support the airdrop.
Some of the wallets and exchanges supporting the airdrop include Binance, OKEx, Bithumb, Huobi, Huobi Wallet, Koinex, Cobo Wallet, WazirX, Coin Tiger, FCOIN, Bitple Wallet, Gate.io, Coinex, and others.
Details about BTT
BTT is a TRON-based TRC-10 token which was launched on Binance Launchpad on January 28th. The token was exposed to over 10 million Binance users, and the sale was over within 15 minutes.
The coin is to be used in the BitTorrent platform for making transactions and rewarding users for providing their own computing resources. The mentioned series of airdrops is expected to reward TRON holders with at least 10.1% of the BTT circulating supply in the following years.
The circumstances were also very beneficial for TRON (TRX) as well, as the coin started experiencing growth while most of the other cryptocurrencies have been experiencing drops in price due to the crypto winter. In a period of only 30 days, starting on December 17th, TRX price doubled, going from $0.127 to $0.025. At the time of writing, the price of TRX stands at $0.026058, after a 1.02% increase in the last 24 hours.
Image courtesy of Pixabay.