BitTorrent Foundation unveils more details regarding BitTorrent (BTT) airdrops for TRON (TRX) holders.
On February 11th, 2019, BitTorrent Foundation will initiate its first airdrop of BitTorrent (BTT) to TRON (TRX) holders. The snapshot will be taken when TRON’s block height reaches 6.6 million*. Based on this snapshot, BitTorrent Foundation will initiate its first airdrop of 10,890,000,000 BitTorrent (BTT), corresponding to 1.1% of total supply.
Over the next 12 months following this initial airdrop, 11,880,000,000 BTT will be offered to TRX holders, corresponding to 1.2% of total supply. In 2020, the BitTorrent Foundation will airdrop 12,870,000,000 BTT, corresponding to 1.3% of the total supply, and over the next six years, the percentage airdropped will increase by 0.1% per year, reaching 1.7% in 2025.
To reward TRON’s long-time TRX holders, the BitTorrent Foundation also plans to airdrop additional 99,990,000,000 BTT, during online and offline events, corresponding to 10% of the total supply.
If you are holding TRX, you will be eligible for BTT airdrops. All official wallets relaying on TRON’s network and carrying TRX will be eligible for BTT airdrops corresponding to the amount they are holding. No minimum of TRX is required to qualify for BTT airdrops.
Airdrops will be automatically distributed to the TRON (TRX) holders, regardless of whether TRX are frozen. Exchanges supporting the airdrops will be announced on BitTorrent (BTT) official website and BitTorrent’s official Twitter, Blog, and Medium account.
BitTorrent (BTT) airdrop timeline:
- February 11, 2019
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
BitTorrent Foundation reserves the rights to change these terms at any time in its sole discretion. BitTorrent Foundation recommends all exchanges to initiate BitTorrent (BTT) airdrops on February 11th, 2019, and BitTorrent BTT trading on February 12th, 2019.
BitTorrent Foundation
January 20th, 2019.
*TRON blockchain’s activity, including block height can be monitored here.
The ratio of BTT airdrop on Feb 11 is approximately 1 TRX = 0.11 BTT, due to the uncertainty of TRX block rewards and coin burn, the final ratio may be different, the following airdrop ratio will be announced later.
Airdrops will be initiated the 11th of each month at 0:00 UTC.
Please visit BitTorrent (BTT) official website for more information about BTT airdrops and announcements.
Please visit TRON official website for more information about the exchanges and official wallets supporting TRON (TRX).
For general questions, please email airdrop@bittorrent.com
For technical questions, please email btt@bittorrent.com
