The Cobo Wallet will join forces with the Tron Foundation and BitTorrent, its subsidiary, to participate in the BitTorrent Token (BTT) airdrop for TRX holders that will take place next February.
Cobo is a company that aims to produce a cryptocurrency wallet with a competitive advantage. It was founded by Discus Fish and Changhao Jiang. The company’s motto is “we make it easy for everyone to own and use cryptocurrencies.”
It’s the first wallet in the crypto verse to offer Proof-of-Stake protocol and to reward users on holdings so that they find it easier to grow their digital assets. The wallet supports more than thirty different coins and 500 tokens. That includes TRX and several Tron-based currencies.
And you probably already know what BitTorrent is. But just in case, it’s the world’s largest decentralized network, used by more than a hundred million people all over the world every month. The network is a file-sharing service, the only one that survived the eDonkey/eMule wars that happened about a decade ago. BitTorrent was the last man standing.
The Tron Foundation bought BitTorrent a few months ago, then announced that it would merge it into the Tron Main Net as Project Atlas. BitTorrent is about to become a blockchain network, and Tron wants to turn it into a tokenized economy. That’s why the BitTorrent corporation is issuing a Tron-based token, BTT.
INCOMING!! We are super excited to support the #BTT airdrop for all Cobo Wallet users holding #TRX! Incredible news from @Tronfoundation.
Make sure you've deposited your TRX in your Cobo Wallet and keep your eyes out for the BTT airdrop around February 11.$BTT $TRX #Tron pic.twitter.com/DPqUgRXq7i
— Cobo (@Cobo_Global) January 22, 2019
The new token will be an incentive for BitTorrent users. Seeding your files in the network will get you tokens. The longer you seed your content, the more coins you get. You’ll essentially be paid for sharing your bandwidth and content with the rest of the world, it will be a very convenient way to earn some passive income by just keeping your computer on while you sleep and keep your BitTorrent client on.
And once you have some BTT, you can take them to an exchange and trade them for TRX, and you can go anywhere from there: Bitcoin, XRP, or any other cryptocurrency you fancy. With a little extra work, you can even turn them into your local fiat money.
As part of Project Atlas, a new BitTorrent client will be released sometime during the next quarter.
That’s not all. As the new token becomes available at cryptocurrency exchanges (Binance will be first) BTT several digital wallets have partnered up with Tron and BitTorrent to airdrop some of the new digital assets into those user accounts that are holding TRX tokens.
A free money sample, if you will, and you don’t even need to be a BitTorrent user to get it. Just to have some TRX stored in your digital wallet, if that wallet is Cobo or one of the other Tron’s partners.
Project Atlas could potentially change the way in which we conceive file-sharing more than Napster did back in the day. It will be controversial, as game changers often are and Tron is making sure that the new network goes live with a bang. Let’s not forget that effective and spectacular marketing is most definitely one of Tron’s and Justin Sun’s strengths.
The BTT airdrop and Project Atlas will soon arrive in Crypto. Be ready to be surprised.
Image courtesy of Pixabay.