BitTorrent airdrops for TRX holders
With the Nitron summit in the books, full details have now been released for the BitTorrent airdrops for TRX holders. BitTorrent is the worlds most popular file sharing platform, and the Tron network have introduced the BTT token, a token which will monetize BitTorrent by paying small increments to seeders. Existing registered users of BitTorrent will receive an airdrop, and, there is now a full schedule of the BitTorrent airdrops for TRX holders.
For many, BitTorrent is known for (sometimes illegal) sharing of films, music and software, but entrepreneur and visionary CEO of Tron, Justin Sun knew more than most when pursuing the purchase. BitTorrent protocol allows for the sharing of huge data files, and as such has many legal uses. For example, global companies such as Blizzard Entertainment (for downloads of games like World of Warcraft) Facebook and Twitter use the BitTorrent protocol for internal and external file sharing. But it is not only companies that use BitTorrent, the UK government released large amounts of data about government expenditure in 2010, and NASA has released a 2.9GB image of the earth through BitTorrent.
Press release, BitTorrent Inc. 20/01/2019:
BitTorrent airdrops for TRX holders
On February 11th, 2019, BitTorrent Foundation will initiate its first airdrop of BitTorrent (BTT) to TRON (TRX) holders. The snapshot will be taken when TRON’s block height reaches 6.6 million*. Based on this snapshot, BitTorrent Foundation will initiate its first airdrop of 10,890,000,000 BitTorrent (BTT), corresponding to 1.1% of total circulating supply.
Over the next 12 months following this initial airdrop, 11,880,000,000 BTT will be offered to TRX holders, corresponding to 1.2% of total supply. In 2020, the BitTorrent Foundation will airdrop 12,870,000,000 BTT, corresponding to 1.3% of the total circulating supply, and over the next six years, the percentage airdropped will increase by 0.1% per year, reaching 1.7% in 2025.
To reward TRON’s long-time TRX holders, the BitTorrent Foundation also plans to airdrop additional 99,990,000,000 BTT, during online and offline events, corresponding to 10.1% of the total circulating supply.
If you are holding TRX, you will be eligible for BTT airdrops. All official wallets relaying on TRON’s network and carrying TRX will be eligible for BTT airdrops corresponding to the amount they are holding. No minimum of TRX is required to qualify for BTT airdrops.
Airdrops will be automatically distributed to the TRON (TRX) holders, regardless of whether TRX are frozen. Exchanges supporting the airdrops will be announced on BitTorrent (BTT) official website and BitTorrent’s official Twitter, Blog, and Medium account.
BitTorrent (BTT) airdrop timeline:
- February 11, 2019
Initial airdrop of 10,890,000,000 BTT
- March 11, 2019 — February 11, 2020
Amount of BTT airdropped on the 11th of each month: 990,000,000
- March 11, 2020 — February 11, 2021
Amount of BTT airdropped on the 11th of each month: 1,072,500,000
- March 11, 2021 — February 11, 2022
Amount of BTT airdropped on the 11th of each month: 1,155,000,000
- March 11, 2022 — February 11, 2023
Amount of BTT airdropped on the 11th of each month: 1,237,500,000
- March 11, 2023 — February 11, 2024
Amount of BTT airdropped on the 11th of each month: 1,320,000,000
- March 11, 2024 — February 11, 2025
Amount of BTT airdropped on the 11th of each month: 1,402,500,000
BitTorrent Foundation reserves the rights to change these terms at any time in its sole discretion. BitTorrent Foundation recommends all exchanges to initiate BitTorrent (BTT) airdrops on February 11th, 2019, and BitTorrent BTT trading on February 12th, 2019.
January 20th, 2019.
Exchanges supporting BitTorrent airdrops for TRX holders
At the time of writing, the following cryptocurrency exchanges have confirmed supporting the BitTorrent airdrops for TRX holders:
We expect many more exchanges to confirm the support for the BitTorrent airdrops for TRX holders, and we be adding to this article updates about Exchanges supporting BitTorrent aidrops for TRX holders as soon as we hear confirmation.
Tron Wallets supporting the Bittorrent airdrop:
The following wallets have confirmed the 1:1 Bittorrent airdrop for TRX holders, we will add to this list when more are confirmed:
N.B Any exchanges and wallets we list have been announced by official Tron channels. Beware of scams.
PCFIR Suggests South Korea Should Allow Financial Institutions to Launch Crypto-Products
On January 6th, 2020, Business Korea reported that the Presidential Committee for Fourth Industrial Revolution…
IGs second letter to the community
As our regular readers know we love projects that deliver news and updates about their…
FIFA19 to Fortnite is a logical step
For those of us with a little knowledge of gaming, FIFA19 to Fortnite is a…
TRON (Wave Field) offices call in protection as angry scammed mob swarm
Update: Tron have released an official statement regarding the incident. The Wave Field Community Scam…
Gate io offering discounted crypto purchases
Looking for a few bargains in crypto is often harder than you would imagine. Gate.io…
Anger and disbelief as Justin Sun TRON blows $4,567,888 to pay for lunch
Justin Sun had been building up for a massive announcement in his usual hype-master style.…