- BitTorrent has announced BTT Airdrops for TRX Holders
- The airdrops will be spread out over the course of years to reward long term holders
Starting February 11, 2019, BitTorrent Foundation will begin its series of airdrops of BitTorrent (BTT) tokens to TRON (TRX) holders. As mentioned in a press release, the BitTorrent team will take a snapshot of the TRX chain the moment TRON reaches block height of 6.6 million. It would execute a first airdrop of 10,890,000,000 BitTorrent (BTT), corresponding to 1.1% of the supply.
After the initial airdrop, TRX holders will be offered with 11,880,000,000 BTT, corresponding to 1.2% of total supply. By the year 2020, the BitTorrent Foundation will begin to airdrop 12,870,000,000 BTT, and will correspond to 1.3% of the total circulating supply. And over the next six years, the percentage airdropped will increase by 0.1% per year, hitting 1.7% in 2025.
If all goes well, the foundation plans to reward TRON’s long-time TRX holders. During their online and offline events, BitTorrent Foundation plans to airdrop additional 99,990,000,000 BTT, corresponding to 10.1% of the total circulating supply.
BTT airdrop expected to follow a 1:1 Ratio
According to BitTorrent Foundation team, all of the wallets that are relying on the TRON blockchain network as well as those holding TRX tokens are eligible to get the same BTT amount.
For every cryptocurrency trader with 1 TRX, he or she will get 1 BTT in his or her wallet. There’s also no minimum number of TRX required in order to qualify for BTT airdrops.
The team says that they will make an official announcement on their website and social media accounts regarding these updates. All of the trading venues and exchanges need to initiate the BTT airdrop starting February 11, 2019.
Here’s BitTorrent (BTT) airdrop timeline:
February 11, 2019: the 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