- BTT airdrop begins from February 11, 2019
- Tron and BitTorrent users will get rewarded with free BTT tokens
- Many wallets and exchanges are supporting the BTT airdrop
The BitTorrent Foundation will, on February 11, 2019, conduct its first airdrop of BitTorrent (BTT) tokens to holders of TRON (TRX). This, according to the foundation, will be executed when TRON’s network achieves the height of 6.6 million blocks. The mentioned snapshot indicates that BitTorrent Foundation begins the first airdrop of 10,890,000,000 BitTorrent (BTT), translating to 1.1% of all-out circling supply.
Following last week’s successful BitTorrent Token (BTT) sale that was accomplished within 15 minutes of being launched on the Binance Launchpad and in a bid to boost sales, the company had put in place a series of airdrops that will go on until 2025.
Whereas the other cryptocurrencies have been experiencing slow growth due to the ongoing cryptocurrency winter, TRON (TRX) has experienced exceptional growth during the last few weeks. All indications show that the prevailing circumstances are related to the upcoming airdrop.
What exactly is the BTT Airdrop?
The partnership between BitTorrent and Tron created a TRON TRC-10 dubbed BTT which will be used in the BitTorrent platform for transactions as well as a reward for the use of computing resources by users. According to the plan, TRON will reward users with at least 10.1 percent of the total circulating supply of BTT over the course of some years until the year 2025.
The Binance Advantage
As per the plan, Binance users have been accorded the privilege to acquire some BTT thanks to the Binance Launchpad platform, the new project by the world’s leading cryptocurrency exchange that Changpeng Zhao (CZ) is giving his all to ensure it takes off successfully.
— Binance (@binance) January 28, 2019
The token sale took place on January 28, 2019, when each BTT token was sold for at least 0.00012 USD where payments were made in BNB or TRX.
How Does One Qualify For The Airdrop?
Tens of cryptocurrency exchanges and wallets announced their intentions to support the much-awaited airdrop, making it one of the most popular airdrops in recent times. If you want to qualify to receive the free BTT tokens, have only two conditions to fulfill namely hold some amount of TRON (TRX) and ensure that your TRX is stored in a cryptocurrency exchange or wallet that supports the BTT airdrop.
When he announced that Binance would be supporting the airdrop, Binance CEO Changpeng Zhao called the peer-to-peer BTT coin that BitTorrent Foundation was planning to launch the “grandfather of Dapp.”
The grandfather of Dapp finally finds its decentralized currency and business model. Should be a very interesting case study.
— CZ Binance (@cz_binance) January 5, 2019
Among the wallets and exchanges supporting the airdrop include Binance, Bithumb, OKEx, Huobi, Huobi Wallet, WazirX, Coin Tiger, Koinex, FCOIN, Gate.io, Cobo Wallet, Coinex and Bitpie Wallet among others.