The sale of the BitTorrent token is one of the largest and most popular this year. Following the negativity surrounding ICOs last year, Tron, in a bid to boost the price of the TRX token and increase new token sale, decided to launch a series of airdrops. The company has announced the start date of the token sale and has urged users to prepare ahead of time.
BTT Airdrop For TRX Hodlers Coming Soon
BTT Airdrop For TRX Hodlers Coming Soon
According to the announcement by Tron, the the airdrop will start on the 11th of February 2019 and last until 2025. All Tron hodlers will be able to get BTT tokens. The first snapshot will be taken when the block height gets to 6.6 million. The Tron Foundation will start the airdrop based on the snapshot and start the distribution of 10,890,000,000 BTT. This makes up for about 1.1% of the total circulating supply. The additional 11.88 billion BTT that will be issued over the following twelve months will make up for a 1.2% rise in Tron’s market capitalization. The percentage will keep increasing by 0.1% yearly until it finally gets to the year 2025. Part of the announcement was as follows:
“Our goal is to reward our loyal TRX hodlers. So, we also plan to distribute extra 99,990,000,000 during offline and online events. This will make up for 10.1% of the circulating supply.”
The BTT tokens will be issued on a 1:1 ratio. This means one TRX will go for one BTT. What’s more, the foundation didn’t place any limit on the number of TRX tokens to be held. At the time of writing, no exchange had delayed support for the airdrop. However, most major exchanges will likely be supporting.
Tron’s Justin Sun warned members of the cryptocurrency community not to fall victim to scams. In his words:
“Don’t fall for scams. The airdrop will be announced on our official website and social handles.”
niTROn Summit Ends In Success
niTROn Summit Ends In Success
The Tron Foundation recently hosted its first summit titled niTron summit. During the summit, the BitTorrent token sales was heavily detailed. Kobe Bryant, a former professional basketballer was one of the leading figures in the event. The Tron Foundation and the niTron team consider the summit a success.
The Tron Foundation is working hard to promote the TRX token. In fact, there are some in the cryptocurrency community who believe that TRX will surpass EOS and become the fourth largest cryptocurrency per market capitalization before the end of 2019. Currently, however, TRX is in occupying the ninth position.
TRON (TRX) Price Today – TRX / USD
| Name | Price |
|---|---|
 | $0.00 |
 | $0.00 |
At the time of writing, it was trading at $0.024955. This shows that it is up by 4.56% against the USD and up by 5.98% against BTC. Over a 24 hour period, the trading volume is $202,653,447 and the market capitalization is $1,663,368,400. Keep in mind that many other cryptocurrencies are currently trading in red against the USD. This shows that the news about the airdrop has granted TRX positive sentiment.
Do you think the BTT airdrop is going to boost the price of TRX permanently? Share your thoughts on the comment session.
