Holders of TRON (TRX) will receive, and will continue to receive, free BitTorrent Token (BTT) up until February 2025 initially through Binance Launchpad
Last month, 23 bln BTT tokens sold out in 13 minutes, 25 seconds on the Binance Launchpad; raising $7.1 mln. Today, Tron Foundation is giving away the TRC-10 token to incentivize new and long-term investors.
BTT Airdrop Mechanics
Roughly 10.1%, or 990 mln, of BitTorrent Tokens are set aside for the six-year airdrop. Every year the number of tokens distributed through the monthly airdrop will increase, according to reports. When the Tron blockchain attains a height of 6.6 mln, the team will take a TRX balances snapshot and give away the first batch of BTT via Binance Launchpad. The exchange platform stated that starting next week, 0.11 BTT will be received for each TRX a holder holds.
#BitTorrent(#BTT) airdrop for #TRX holders will be available on @bitfinex. #TRON $TRX $BTT pic.twitter.com/107fbKwfVt
— Justin Sun (@justinsuntron) February 11, 2019
Wallets and Exchanges for the Airdrop Event
Aside from Binance Launchpad, a variety of exchanges offered support for the event. Among those are Bithumb, Huobi, OKEx, Upbit, Bittrex, Bibox, Gate.io, Coinsuper, Kucoin, and BitForex.
Wallets supporting the airdrop are the Tron Wallet and Trust Wallet.
As the time of writing, the market value of TRX is at $0.024560, down by 4.66%.
