BitTorrent, the peer-to-peer file sharing platform acquired by the TRON distributed ledger technology (DLT) project has announced its first airdrop of BitTorrent $BTT to the TRON $TRX holders.”
The airdrop is scheduled to Start on February 11th, 2019 and ongoing until 2025. BitTorrent will be distributing BTT tokens to holders of Tron’s TRX. The first airdrop would be taking place when the block height of TRON reaches 6.6 million.
A total of 10,890,000,000 BitTorrent (BTT) would be given out to TRX holder on this day, a value which conforms to 1.1% of total circulating supply.
Within a space of 12 months after the initial airdrop, 1.2% of total supply, 11,880,000,000 BTT, would again be dished out to holders, and in 2020, a total of 12,870,000,000 BTT airdrop would be allocated.
In the official post, BitTorrent explains that airdrops will be following a 1:1 ratio rule. So, if someone is holding 1 TRX, the user will be eligible to receive 1 BTT. “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,” the post added.
For the next six years, BitTorrent noted that the airdrop would sequentially increase by 0.1% per year, and by 2025, 1.7% of the total circulating supply would be the amount allocated for airdrop.
The airdrops will be conducted automatically, regardless of whether the TRX tokens are frozen or not. BitTorrent has not given a list of exchanges that will support the airdrop, with the list still in the pipeline. The organization has said that the exchanges will be confirmed soon.
How to Qualify for Airdrop?
There are only two conditions to follow to be able to get BitTorrent airdrop:
- You must own some amount of TRON (TRX). Every single wallet on TRON’s system will be qualified for BTT airdrops relating to the sum they are holding. What’s more important – no minimum of TRX is required to qualify for BTT airdrops.
- Make sure your TRX lays in the wallet which is officially approved by TRON. Currently, these are the wallets officially endorsed by TRON Foundation on its official website.
Once you have some amount of TRX within your TRON Foundation approved wallet – then it’s done. You are eligible to receive BitTorrent airdrop which will be automatically distributed to the TRON (TRX) holders, regardless of whether TRX is frozen.