BitTorrent (BTT) Airdrop Scheduled for February: TRON (TRX) Holders to Get Their Share
Previously announcing that BitTorrent Token (BTT) will have an official token sale on Binance Launchpad, which is a new platform launched by Binance exchange on the head with Changpeng Zhao, set to support prominent ICO projects that can bring some value to the cryptocurrency market and blockchain technology in general.
In one of his most recent announcements on Twitter, Justin Sun shared the date when the official BitTorrent Token airdrop should take place, announcing the airdrop for TRX holders on February 11th.
In the meanwhile, multiple exchange markets have announced their support for the upcoming BTT airdrop, including wallets such as Math Wallet and Bitpie.
TRON (TRX) Holders to Get Their Share of BitTorrent Tokens (BTT)
BTT airdrop has been officially confirmed by the founder and CEO of TRON foundation and the CEO of BitTorrent, Justin Sun.
According to the announcement posted on Twitter on January 20th, BTT airdrop is set to take place on February 11th, when all TRON holders would be rewarded with BitTorrent Token units.
Sun also shared the official press release on the matter of the upcoming airdrop, published by BitTorrent Inc. on Medium several days ago when the initial tweet was posted as well.
In the release on Medium, BTT representatives shared more details on the announced airdrop, stating that the airdrop is set to take place at block height 6,600,000, which is said to happen around February 11th.
Once the snapshot is taken at the initial block height, BTT units will be distributed based on the snapshot at 6,6 million block height to TRON holders.
That is why TRON holders are being invited in the last five days to deposit their TRX units to the exchanges announcing their support for the airdrop so that all TRON holders could receive their share based on their TRX balances at the time the snapshot is taken.
The distributed amount of BTT units in the first airdrop will correspond to 1.1% of the total supply, which means that TRX holders are set to receive 10,890,000,000 BTT units.
The airdrop is said to be a form of reward for long-term TRON holders, while the release states that all official TRX wallets will also provide the needed support for TRON holders during the announced airdrop.
Moreover, BitTorrent Inc. under their CEO Justin Sun, stated in the official press release that there should be several more airdrops of BTT units over the course of the next 6 years.
BitTorrent Inc. Reveals There Will Be More Airdrops for TRON (TRX) Holders in the Future
According to the official press release on Medium, there should be more BTT airdrops for TRX holders in the course of the next 6 years, starting with the first airdrop scheduled several weeks from the time of the initial release.
The second airdrop is said to take place in the next 12 months when 1.2% of the total supply should be distributed to TRON holders, adding that the number of airdropped BTT tokens will increase with each upcoming airdrop.
The third airdrop is said to 1.3%, while the amount of BTT units distributed to TRX holders should increase by 0.1% each year.
The last announced airdrop is said to take place in 2025 when 1.7% of the total supply should be released to TRON holders.