TowerBee and record breaking AIRDROPS + Ethereum network congestion
Records are made to be broken.
Introduction
We would be doing AIRDROP every Sunday and Wednesday till the time ICO begins (in Q3, 2018) on our exchange TowerX. Maximum of 2.5 Million TBE will be airdropped by this process which represents 0.50% of total supply of 500 Million TBE.
The AIRDROP contract address is given below.
0x4f45901e24ab443529dc52aff4452b081f9564fa
The starting time of each AIRDROP is shared in our Telegram Group one day in advance. So please make sure to join us on Telegram Group https://t.me/towerbee
You need to send ZERO ETH to the contract address mentioned above when AIRDROP begins.
Only 1000 Slots are available in every AIRDROP. You can send transaction multiple times.
Record breaking AIRDROPS
Every AIRDROP has exactly 1000 slots of 100 TBE each. Some AIRDROPS have bonus where you get more than 100 TBE.
The first AIRDROP was held on June 10, 2018 which had 1000 slots of 100 TBE each.
All 1000 slots were over in less than 3 hours. We thought that was really quick but we were wrong and every next AIRDROP broke the record of the previous AIRDROP.
The only exception was AIRDROP 7 which broke the record of the longest duration.
🏆 TowerBee record breaking Airdrops
🏅Airdrop 1 (June 10): Ended in less than 3 hours.
🏅Airdrop 2 (June 13): Ended in 1 hour 55 minutes.
🏅Airdrop 3 (June 17): Ended in 54 minutes.
🏅Airdrop 4 (June 20): Ended in 31 minutes.
🏅Airdrop 5 (June 24): Ended in 19 minutes.
🏅Airdrop 6 (June 27): Ended in 13 minutes.
🏅Airdrop 7 (July 01): Ended in 3 days 9 hours 40 minutes.
What happened in AIRDROP 7 (July 01)
The AIRDROP 7 began on schedule and the community members were excited about the AIRDROP but the Ethereum network was congested and the GAS price was as high as 100 GWEI which even rose to 145 GWEI after some time.
Usually it takes 1 minute for the transaction to get confirmed with 10 GWEI but on that day even with 35 GWEI transactions were pending for more than 2 days.
Just before the AIRDROP started, we increased the reward to 300 TBE from existing 100 TBE due to high gas costs.
At any point of time more than 180 transactions were pending and the maximum number was 273 pending transactions.
🏁 Due to high Gas price (GWEI) we increased the reward for this AIRDROP from 100 TBE to 300 TBE. So, everyone who participated in this AIRDROP received 300 TBE instead of 100 TBE.
Even after the AIRDROP 7 ended after 3 days, there were still over 150 pending transactions.
Why sudden rise in GWEI value?
The sudden rise of GWEI and congestion of the Ethereum network is due to the Fcoin voting system. Their voting system uses the cumulative deposit ranking which means the more the number of transactions, higher is the ranking.
Teams of many new projects started depositing their tokens to Fcoin system at a very fast pace to increase the number of transactions. All they cared was to increase the number of transactions to get their token listed on Fcoin. The GWEI and number of pending transactions started rising to unimaginable values. Fcoin has still not disclosed when they are going to end this menace.
When is the next AIRDROP of TowerBee?
The AIRDROP 8 scheduled on Wednesday, 04 July was postponed to Sunday, 08 July because the ethereum network is still congested. We expect that the network congestion will decrease to normal levels by then. In case, the congestion still remains, we will have to again postpone the scheduled AIRDROP.
Join TowerBee Telegram group for updates
Telegram: https://t.me/towerbee
