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TRON-Centric Tokens Inflated Prices Comes At The Expense Of FTX Users

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TRON-based tokens like JUST [JST], BitTorrent [BTT], and the Sun Token [SUN] have reached skyrocketed prices trading at 1200% in excess of their market value due to an agreement signed on Nov 10 with crisis-ridden FTX.

As a result, users who hold these assets have started bidding up the prices to recover their locked funds at FTX. Market experts believe that this overinflation will cause further realized losses for its investors if they sell it on other exchanges.

A realized loss is when assets are sold for less than they were originally purchased for.

Data from coinmarketcap showed that TRX is changing hands at $0.05, at the time of writing this post, while on FTX, it is trading at $0.28, almost 500% more.

On the exchange, BitTorrent [BTT], JUST [JST], and the Sun Token [SUN] are all selling at premiums that range from 500% to 1,196% over the market price.

A day after a proposed acquisition with FTX’s bigger rival Binance collapsed on the grounds of failing due diligence, the embattled firm found a helping hand from TRON’s Justin Sun.

The deal was to establish a special facility to permit holders of TRX, BTT, JST, SUN, and HT to swap assets from FTX 1:1 to external wallets.

TRON’s Agreement Amidst USDD De-Pegging

“We hope this is just step one: beginning to find ways to bring liquidity to users,” SBF said on Twitter. “That is the core thing that I am fighting for right now, and will continue to fight for in whatever ways I can.”

Tron had its own issues when the network’s algorithmic stablecoin USD [USDD] dropped below its peg and as low as 97 cents across several cryptocurrency exchanges in the late hours of 9 Nov., TronWeekly reported.

Recently, USDD was trading for 98 cents. Tether [USDT], a rival stablecoin, too temporarily lost its peg and fell to 97 cents, although it has since recovered.

However, a Tron spokesperson downplayed the news saying they don’t consider the recent decline a depeg, as TRON DAO has established the permissible degree of volatility in the price of USDD to 3% under exceptionally unpredictable market conditions.

TRON CEO Justin Sun is Back with a Bang

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Justin the Sun is back, and this time around, he seems to be breathing fire. The start crypto kid means business! After announcing his support for the Binance trading competition of WIN token, the founder and CEO of cryptocurrency platform Tron has now gone an extra mile.

As per Sun, an iPhone XS Max 256GB is up for grabs for anyone willing. And, there’re only two steps involved to acquire the phone. The conditions for anyone willing and ready to get the phone are simple, just retweet the Binance post about the WIN trading competition and then tagging friends. Sun tweeted:

The steps are pretty simple. But what is the criteria for choosing the winner? Tron CEO didn’t provide those details. And of course, as critics keep reminding us, Justin is not new with news that never came true at 100%. People seem to have not forgotten the power lunch yet. Yes – the Warren Buffets lunch.

Far from the Buffet lunch, it seems, critics will never forget about Tesla prize and all the drama associated with it even though the CEO of Tron managed to tackle that quite well in the end.

What’s the Tron’s Win-BTT competition all about?

So, Justin Sun is only supporting Binance’s competition. But what is the contest about?

Binance, arguably the biggest crypto exchange has the DEX Simulated Trading Competition whereby its users can win 10,000 BNB. Besides, there’s a chance to win a trip across the globe.

The competition is meant to expand the awareness of Binance DEX primarily inside their chain community.

Also, there’s a dedication of 325,000,000 WIN tokens, ten sets of Apple Air Pods, and 7 HUAWEI P30 PRO Smartphones to be won. Traders with WIN exchanging volume from 1,000,000 WIN onwards will share a pool of 30,000,000 WIN.

It’s clear that Justin Sun indeed is in support of the competition to that extent of offering an iPhone. Tron CEO might not have gotten the 4M lunch, but he is now back. Understandably, the big question can be the numbers that still got his back. But make no mistake; Sun has already done a lot as much as cryptocurrency world is concerned, and he continues to strive forward.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Tron and BTT lead the way in crypto recovery as Justin Sun engages POTUS

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Tron is up by almost 10% while BitTorrent (BTT) surged by about 5% in the last 24 hours. All the significant cryptocurrencies seem to be recovering well today.

At the time of writing, Tron (TRX) is ranked number 11 in the cryptocurrency market. Not too long ago, the Sun-led cryptocurrency lost the number 10 spot to Stellar (XLM). In the last 24-hours, the market value of Tron has surged upwards by an impressive 9.74% with a trading volume of $629,253,373. The current circulating supply of the crypto asset currently stands at about 66.68 billion coins.

At the time of writing, the market price of TRX stands at $0.025793 with a market capitalization of 1.7 billion USD. Not just Tron, all the significant cryptocurrencies seem to be recovering well today.

During yesterday’s trading, TRX was exchanging at about 0.020 USD, and when the year commenced, the virtual asset was changing hands at about 0.1999 USD. On further research, we not only see Tron starting the year trading at 0.019 USD but also hitting the 0.040 market price in less than six months. Looking at the progress of the Tron over the last six months, it is possible for the token to cast a similar spell in its journey on the chart.

Despite the grey weather that is hovering around the cryptocurrency market, Tron seems to have a bright future. Hence, the probabilities of surging upwards back to 0.04 USD price level. For crypto traders and investors, the current situation could be the perfect time to go deep in the pockets.

Buying these crypto-assets at the current situation could only ensure substantial profit margins in the future for those who take the risk. Traders and investors who are staring at losses should not give up as the prospects of Tron pulling a comeback are high. It is just a matter of time when the market will see this, most probably after the dust of President’s Trump comments on cryptos subside down.

Justin Sun Extends a Hand of Invitation to US President Donald Trump

Following Trump’s bitter comments towards Bitcoin and cryptocurrency, Tron founder and CEO, Justin Sun invited him alongside other crypto stakeholders at the Warren Buffet luncheon. Justin hopes to introduce and explain the crypto industry to influential individuals for them to understand the industry better. The Warren Buffet lunch is scheduled to take place on 25th July.

In response to President Trump’s series of bashing tweets, Justin excitedly took to Twitter to diplomatically engage Trump on the issue:

“Mr. POTUS, it is unfortunate that you are misguided by fake news. Contrary to what you think, Bitcoin and Blockchain technology happen to be an advantage for the US! I would love to invite you to join us with other crypto leaders at the Warren Buffet lunch that is scheduled to take place on 25th July. You have my word that after the luncheon, nobody will understand cryptocurrency better than you!”

President Trump’s earlier tweet went something like:

“I am not a fan of Bitcoin and other virtual currencies, which are not real money. Their value is highly unpredictable and is based on clouds. Unregulated and unsupervised, cryptocurrencies can encourage illegal activities that include, drug trafficking and other illicit activities.”

It is important to note that Justin Sun has so far invited three crypto executives to the Buffet lunch. The three executives are the heads of Litecoin, Binance, and Huobi.

As for BitTorrent (BTT), it is currently priced at $0.000947 with a supply of about 2.1 billion BTT. BTT’s current price marks a 4.2% increment in its market price over the last 24 hours. BTT is ranked at number 37 on the crypto market, having a market cap of more than 200 million USD.

It will be interesting to see how the President is going to react to the invitation, as we are positive about the escalation of the market shortly with or without the approval of Donald Trump.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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CEX.io lists Tron’s Tronix (TRX) and BTT

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Cex.io is announcing the listing of two Tron-based cryptocurrencies. One is, of course, Tron’s Tronix (TRX) and also BitTorrent Token (BTT). Both coins have the common objective of achieving web decentralization. The announcement means that the following trading pairs will be available for trade at Cex.io: TRX/USD, TRX/EUR, TRX/BTC, BTT/USD, BTT/EUR, BTT/BTC

Tron: The project, protocol, technology, and primary features

Tron is very well known in the blockchain world. It’s an open-source protocol that went online during 2017. It’s a third-generation blockchain network. That means the blockchain is not all about a cryptocurrency (as it is with Bitcoin, for instance) but about a programmable platform that can support the development and deployment of decentralized applications and smart contracts.

Tron aims to decentralize the world wide web using its own blockchain network backed by its native digital asset, Tronix (TRX). It’s already the most effective dApp platform in the world as it hosts an increasing quantity of scalable dApps.

Tron’s transaction speed is remarkable. It can deal with 2.000 transactions every second, which makes it one of the quickest blockchains in the industry.

Tron’s scalability allows for the support of a massive number of users. It also enables developers to bring their projects into the network and take advantage of the large (and bullish) user base the network enjoys.

The network works at meager costs for both users and developers. That feature allows for new users to join more efficiently, which is one of the reasons why Tron’s user base has increased rather quickly.

The Tron network creates new blocks using an improved consensus protocol based on Delegated Proof of Stake (DPoS). Tronix holders can accumulate their coins, and that gives them the right to vote for the nodes in the network that produce new blocks (they are known as Super Representatives). The votes are counted every six hours, and the new Super Representatives are elected consequently.

Tronix (TRX): Tron’s native currency

Tron started as a project running on the Ethereum network. As such, the project’s currency (TRX) came to life as an ERC20 token. Then Tron became independent one year ago. The blockchain and the token are now fully autonomous and independent from Ethereum and Tron has achieved the tenth spot by market capitalization.

Several cryptocurrencies are in use in the Tron network, but the main one is Tronix (TRX). It’s the fuel that powers the whole environment, and it’s the coin that supports all the other tokens in the network (Tether, BitTorrentToken, Tron Weekly, and many others). It also empowers holders to vote for Super Representatives (new block producers) and profiting in some way from their votes.

BitTorrent and the BitTorrent Token

BitTorrent is the largest decentralized network in the world. It’s a P2P file sharing system used by more than 100 million users scattered all over the planet. Tron now owns the BitTorrent network, and it created the BTT currency so that it can fuel the BitTorrent system as it joins the Tron blockchain.

The BTT token has already grown significantly. Despite being a derivative cryptocurrency it’s ranked 37th by market capitalization, and it’s been around for only a few months. BTT is meant to be a lubricant to exchange computing and bandwidth resources shared by users in the BitTorrent network. It’s an incentive for users to keep their content online and available for other users to share and download.

Since yesterday, Tron’s Tronix and BitTorrent Token are available at CEX.IO for users to trade and exchange.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Tron and BTT tumble, Cardano too in red even after scoring an alliance

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Following the launch of Cardano (ADA) in 2017, the crypto market turned abuzz with high hopes towards the new crypto’s ability to unlock the mass-market through its scientific philosophy and its research-driven approach that is favorable to institutional investors.

Two years later, Cardano (ADA) is yet to separate itself from the problems of the general crypto market despite retaining a top tier rank in the crypto market. At present, Cardano ADA is the 11th most significant cryptocurrency by market capitalization and exchanges hands at around 0.081 USD with a large market cap of about 2.2 billion USD.

Since its inception, Cardano’s market price has appreciated by a decent 87 percent. Despite its impressive performance, the number 11 cryptocurrency is performing poorly in comparison to Bitcoin’s 194 percent gain and Ethereum’s 113 percent gain recorded at the same time.

Cardano Foundation Partners with Algoz to Provide Liquidity Solutions

Last month, the crypto community was met with news of Cardano partnering with cryptocurrency liquidity provider Algoz. The strategic partnership between the two entities seeks to provide liquidity and trading solutions for the digital asset.

According to an official statement by Algoz through their LinkedIn account,

“Through our partnership with this inspiring crypto project in the virtual currency scene, Cardano, is expected to increase the coin’s liquidity and trading solutions.”

Created by Fingenon Group, Algoz is a market maker solutions provider that deals with unlocking of liquidity for crypto assets.  By taking advantage of Fingleton’s existing superior infrastructure, algorithms, combined knowledgebase, and trading strategies, Algoz is quickly developing into a solution provider that is bridging the gap between traditional assets and emerging virtual assets. Currently, Algoz is being utilized by crypto projects, exchanges, and other stakeholders globally.

Since its inception, Cardano’s trading volume has seen an impressive upsurge from 17.25 million USD to about 117 million USD marking a 595 percent increase in trade volumes in just six months. Many crypto pundits view the deal with Algoz as a good move that will see Cardano’s ADA move upwards into the big crypto league. With increased liquidity, Cardano ADA will be in a better position to attract institutional investors as it will be in a better position to counter manipulation by whales. Algoz solutions have the potential to increase Cardano ADA’s liquidity and accessibility to crypto traders and investors.

Algoz Solutions to Reduce Errors Caused by ADA Market Inefficiencies

Similarly, following the partnership, the ADA market is expected to experience fewer errors that are usually caused by market inefficiencies. For instance, situations of traders being forced to buy or sell ADA coins at a special price due to the lack of liquidity on the order book are set to go down. When this and many other errors are resolved, Cardano (ADA) could potentially move towards becoming one of the most significant cryptocurrencies in the market.

The Struggle of Tron (TRX) Continues

From the look of things, the crypto market seems to have opened the day on a wrong footing. Intraday investors should not expect any good news today as a majority of virtual assets are recording adverse price movements in the market. At the time of writing, the crypto market cap currently stands at about 35 billion USD.

Like many cryptos, Tron (TRX) is facing the same price drop following Bitcoins dismal performance – the crypto king is still in the green now though. At the time of writing, Bitcoin is trading at about 13,000 USD, an upsurge from yesterday’s 11,000 USD market price.

Even though at present, the mother and father of all digital assets is dominating big time, Bitcoin’s upward movement is expected to have a positive effect on Tron’s TRX and other digital assets. At the press time, Tron stands at $0.033705 after losing its value by 2.58% over the 24 hours.

During the massive fall, Tron was stable at 0.032 USD proving to the market that it’s just a matter of time until the crypto assets start recovering and appreciating. A section of analysts believes Tron will bypass the 0.04 USD mark before the weekend.

BitTorrent (BTT)

Yesterday, Tron-owned and powered BitTorrent launched BitTorrent Speed, its download optimization software that supports the functionalities of BTT.

Despite the launch, the number 36th ranked cryptocurrency is yet to show any positive signs in the market. As we write this post, BTT trades at $0.001258 as the Tron-backed digital asset went down by 3.13% in the last 24 hours.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Binance receives over 1.6 Billion Tron’s BTT from an unknown wallet

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Since its acquisition, last year by Tron Foundation, BitTorrent (BTT) has quickly made a name for itself as one of the world’s most relevant blockchain protocols. Delivering sweeping changes to its customer base, BitTorrent continues to come up with innovative ways to stay afloat in the murky market with the introduction of its new blockchain-based product, BTT.

BitTorrent token, which goes by the ticker BTT, is a cryptocurrency that came to existence in early 2019 after the collaboration between BitTorrent and Tron. The main aim of the BTT token is to tokenize popular file-sharing protocols that have the potential to enhance customer bandwidth availability and content delivery with the assistance of blockchain technology.

At present, BTT is a TRC-10 virtual asset that is based on the Tron platform, a makeup that can be compared to ERC-20 virtual assets that run on top of Ethereum’s platform.

Since early this year, BitTorrent Token BTT has gained traction and the support of almost 36 crypto exchanging platforms and wallets, positioning it to become one of the world’s leading cryptocurrencies.

To further reach this goal, BTT mother company BitTorrent is positioning itself to promote the advancement of BTT-enabled projects, enriching the development of BTT’s ecosystem, broadening use cases among many other things by officially launching three programs. The new incentive programs will be for uTorrent and BitTorrent users, partners, and network as described by Tron and BitTorrent CEO Justin Sun:

“With these new three incentive programs, we intend to introduce a new constituency into the blockchain ecosystem and make our powerful technology accessible with products ordinary people require daily,”

Sun added,

“What we are creating will be of benefit to a billion businesses, active Tron and BTT users, and computer installed base.”

What are the Incentives?

Since the company’s inception in 2004, BitTorrent users have downloaded and used the application on over 1 billion gadgets. The P2P software company currently serves over 100 million active subscribers globally, and the tokenization of its network through BTT is progressing well. The incentives, the tech company hopes to be a game-changer for them are Partner incentives, Ecosystem incentives, and User incentive.

1.6 Billion Tron-powered BTT tokens wired from an unknown wallet to Binance

Yesterday, an unknown user transferred over 1.6 billion BitTorrent Tokens, BTT, worth 1.04 million USD from an anonymous wallet to a wallet on Binance. According to reports from Whale Alert, the transfer took place at around 03:00 UTC leaving the sender with zero balance on their account but with 0.1 TRC on their virtual wallet.

As for the receiver, it is interesting to note that at the time of writing, they have a total of 280 million TRX tokens and a massive collection of 39.11 billion BTT among other cryptocurrencies in their wallet. The receiver had roughly over 40 trillion TESTTWO tokens, 1 billion TronKey’s and an impressive list.

Being a TRC-10 cryptocurrency that is based on Tron’s network, BTT fosters faster speeds on the world’s most significant decentralized application. Additionally, BTT’s official website indicated not too long ago:

“BitTorrent protocols for all torrent clients and users are optimized by BitTorrent Speeds. BTT tokens are available for bidding in exchange for faster downloads. Users should not worry as our BTT tokens will be stored in an in-built wallet that can be exchanged for TRX through a decentralized exchange.”

At the time of writing, BTT is ranked at number 36 on CoinMarketCap. Tron’s baby currently trades at $0.001288 with a market cap of about $273 million after going down by 2.03% in the last 24 hours.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Tron is on the cusp of massive breakthroughs, affirms Justin Sun

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Justin Sun, the erstwhile CEO fo the Tron Foundation and creator of the TRX cryptocurrency has announced on Twitter that the next month will be a massive one for the fledgling cryptocurrency.

Among the highlights is the record-breakingly expensive lunch he has organized with renowned billionaire investment mogul Warren Buffet. Sun wishes to use the opportunity of sharing the table with Buffet to convince him of the worth of cryptocurrencies in general, and of Tron in particular – a move that had Twitter users trolling him for days. However, the round table that he is trying to put together will definitely increase the visibility of cryptocurrency among the elite investment gurus that still remain skeptical of digital assets.

IPFS, BitTorrent finally coming to the fore

PR and marketing aside, July is looking to be a spectacular month from a purely technological viewpoint as the BTFS testnet is set to be launched. BTFS is a specially developed file system protocol that is a fusion of BitTorrent and blockchain. It is a variant of the InterPlanetary FileSystem (IPFS) protocol which is a decentralized file system.

It allows people to both receive and host files on their computers in a way that is reminiscent of Amazon Web Services. One way to look at IPFS (and BTFS in turn) is like one immensely sizeable hard drive for the internet. Users would share their free storage to create one extensive file system that theoretically has no maximum.

What would users gain from this? Well, due to the nature of Tron, they could be paid for sharing their hard drive space with Tron, and this could, in turn, help the Sun-led blockchain reach more people and become prominent in the decentralized cloud computing space.

The platform will be called BitTorrent Speed and is something that has been in the works since before Tron officially bought out BitTorrent. It is what TRX supporters have been waiting for and could be the “killer app” that crypto enthusiasts have been waiting for. Many crypto experts believe that it is a platform that makes blockchain as a collective term as a social network, search engine, and web browser are to today’s people.

Good news picked up by traders amid substantial activity

All the Justin Sun’s releases and PR stunts have gotten heads turned in the trading markets. TRX, before the market tumbled yesterday, the native token of the Tron Blockchain saw a four-day increase that helped it to break into the top ten cryptocurrencies in the world – at least for a bit.

Tron and Cardano are still swapping blows when it comes to overall market cap, but should BitTorrent Speed prove to be a success; the price increase could become even more significant.

In fact, there are those who have unparalleled faith in the currency – a user recently purchased almost four million TRX in a landmark show of support for Sun’s brainchild. It helped push TRX above Cardano for the first time in a good long while.

The markets are primed to accept TRX (and Tron alongside it as a whole) into the big league very soon – and the upcoming month, July, could shape the future of the decentralized web in a way that will not be quickly forgotten.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Tron breaks in the top ten. TRX price analysis for May 28th, 2019

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Tron’s TRX cryptocurrency’s performance since last Sunday is nothing short of fantastic. It’s gone up by 10.71% just in the previous 24 hours, and it’s trading at $0.035439 as we write this. In fact, the rise in the value we see in Tronix is enough for it to climb the capitalization ladder, so it’s now the world’s tenth largest coin, swapping places with Cardano’s ADA.

Another of the currencies issued by Tron, the BitTorrent Token (BTT) is also performing well, and it’s broken into the world’s top 30 by market capitalization. Since BTT is a TRX-based token, its success can’t possibly be hurting TRX’s performance.

TRX is clearly trending so let’s have a look at technicals and let’s figure out what to expect in the next 24 hours or so.

24-hour technical analysis

The 24-hours technical is bullish but not too much, which is a little strange taking into account the intensely green numbers in the market. It could be because the spectacular rise in Tronix’s price is not complemented with high trading volumes.

Tron
Source: CoinMarketCap.com

The current price is above the pivot point (0,034153) but still far from the 0,037521 first resistance level. All the moving averages and technical indicators are intensely green, though, and every active signal is for the bulls.

So the trend is there, it’s positive, and the technical numbers give us reason to believe that it can only keep going up for the time being until it reaches the first resistance level, which hasn’t been broken yet. But going from 0,027 to 0,035 in not even two days, the market has overcome several resistance levels already, so it could very well gather enough momentum to break a few more.

Monthly technical analysis

In the monthly scenario, we’re already above the first and the second resistance levels (0,029368, 0,035257) so the bulls are also getting ready to meet the third resistance at 0,038979, push it, and beat it. All the averages support the bulls as do most technical indicators (five out of eight).

If the market is going to find resistance during the next 24 hours, it’s more likely to occur at the 0,038979 than at 0,037521 because monthly resistance and support levels tend to be better predictors for the market’s behavior.

This is an exciting time for Tron holders. The token is not only performing very well as an asset, but it’s actually outperforming most of the cryptocurrency market which is why it’s earned that long coveted place in the top 10.

The only missing ingredient in the recipe that would guarantee Tron’s success as a profitable asset today is trading volume. Trading volumes have been weak during the last hours, and they’ve been stronger for the bears than for the bulls. So while TRX is an excellent option for investors today, caution is adviced because until we see high trading volumes supporting bullish activity, we can’t be sure that the coin will keep performing.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Who’s going to support the BitTorrent Token (BTT) airdrop?

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Tron and BitTorrent

We’ve covered the merger between Tron’s blockchain network and the BitTorrent network extensively in this website, so chances are you already know what we’re talking about. Just in case, we’ll review the essential information you need to know about it to take advantage of this article’s information.

BitTorrent has been the world’s largest P2P decentralized network for a very long time now (as long times are measured on the internet). It boasts hundreds of millions of unique users every month, and it holds an insane amount of content of all sorts from music to movies, books and anything you could imagine.

Being a colossal network full of content and already decentralized (though not employing blockchain technology) it’s something of a precursor for Tron. Let’s not forget that Tron’s ambition is to decentralize the web using blockchain technology, and that wish is mainly aimed at the multimedia content which in BitTorrent is already available and decentralized.

That’s why the Tron Foundation bought BitTorrent a few months ago. After the acquisition, it announced the merging of BitTorrent into Tron’s network in something called “Project Atlas.” The new Tron-based BitTorrent network will be powered by a Tron-based cryptocurrency called BitTorrent Token (BTT).

The airdrop

Using marketing very adeptly (as is the usual case with Tron and Justin Sun) the Foundation is doing a BTT airdrop. If you hold any TRX at all, and if you hold them in a selected group of wallets and/or exchange platforms, then you qualify to get some BTT for free. The airdrop is ongoing as it started last February 11th and it gives away about 0.01 BTT for every TRX in your account.

The supporters

And now for the beef. Which are the wallets and platforms that will support the airdrop? The ones in this list:

  • Binance
  • Huobi
  • OKEx
  • Bithumb
  • io
  • Upbit
  • Trust Wallet
  • Cobo
  • Bitpie
  • Bibox
  • MBAex
  • Cointiger
  • CoinEx
  • FCoin
  • FCoin
  • WazirX
  • Ellipal
  • CoinEgg
  • BitForex
  • org
  • Dragonex
  • Vena Pi
  • Bitrue
  • Tokenomy
  • ABCC
  • Coinsuper
  • Koinex
  • Livecoin
  • Bit-z
  • MXC
  • Indodax
  • Kucoin
  • Coinspot
  • Bittrex International
  • Bitbns
  • Sistemkoin
  • Bitfinex
  • Hitbtc
  • Bitexbook
  • Atomic Wallet
  • Swft Blockchain
  • ai
  • Changelly
  • TronWallet
  • TronLink
  • TRX Market
  • Exrates
  • Coinexmarket
  • Satowallet
  • DigiFinex
  • Cross Exchange
  • BikiCoi
  • CoinAll
  • Koineks
  • com
  • BitMart
  • Anybit
  • Troncard
  • ExShell
  • BitMax
  • AltCoinTrader
  • ChangeHero
  • Spicex

If your TRX is in any of those platforms, you don’t need to do anything. Just wait and see how you get some BTT. Share and enjoy!

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Third BTT Airdrop of 990,000,000 BTT to TRON (TRX) Holders Underway

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A chance to grasp some free coins knocks at the door. Don’t you love free crypto? Heads up, your chance is here again, you should not miss a free crypto airdrop again.

Third BTT Airdrop Reward Days Away

You may have missed the first and second BitTorrent airdrops, but again losing on the third would be very much unfortunate.

According to a Twitter announcement, Tron’s third BTT airdrop is underway. The network is ready to reward all TRX holders with up to 990,000,000 BTT on coming 11th of April (just a couple more days) at 00:00 UTC. Therefore, if you don’t have some TRX in your account already, you still have some two days to make everything right for this fantastic opportunity, again.

The BitTorrent Token (BTT) Airdrop Series

This is the third time that Tron is stepping up to dole out free BTT to its TRX holders.

Interestingly, the airdrop is a series of airdrops each month until February 2025 with a total of 990 billion tokens with 10.1% of them airdropped to all TRX holders for the next 6 years.

The first airdrop went live on February 11, whereby the reward for TRX holders was 0.11BTT for each TRX held. It’s expected that for the first 12 monthly airdrops, 990 billion BTT tokens would have been distributed to those holding TRX.

Then, starting in February 2020, the next 12 months will see an increase of BTT airdrops by 0.1% each month. The pattern will continue until it hits 1.7% of the total supply come 2025.

Wallets and Exchanges Supporting the Airdrop

Anyone interested to grasp benefits of the airdrop program must have TRX in their wallet. However, not all the wallets or exchanges support the airdrop program. Therefore, one must be aware of scams and hence ensure that the wallet or exchange is officially confirmed to support the airdrops.

The common platforms approved include some like Binance, Huobi, Bithumb, OKEx, Gate.io, CoinEx, and very many others. Once you hold TRX in those supported platforms, you don’t have to do anything once the airdrop starts.

After the previous distribution of the airdrops, there was a rapid increase in new accounts on Tron blockchain, and the number is expected to spike again as the third airdrop is about to take place. Who doesn’t like free cryptos after all? Nevertheless, Tron is slowly but steadily moving closer to mass adoption and every development it undertakes is a boost.

Image courtesy of Pixabay.

Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.