Tron CEO Justin Sun has just announced on Twitter that the BitTorrent Foundation has wrapped up the much-anticipated BTT airdrop. He urges BTT holders to patiently wait for their tokens to arrive. Due to the big volume of the airdropped tokens, the whole thing may last a tad longer.
The BitTorrent Foundation completed $BTT Airdrop for $TRX holders. If your tokens are on an exchange or a wallet supporting our airdrop program they are on their way. Please be patient, it may take some time given the volume airdropped ✌️— Justin Sun (@justinsuntron) February 12, 2019
One of the longest airdrops in history
As reported by U.Today, 10.1 percent of the total BTT circulation supply will be distributed to TRX holders with the help of airdrops. In such a way, BitTorrent, a file-sharing behemoth that was acquired by Tron in June, tries to incentivize investors. Until 2025, the company plans to conduct such airdrops on a monthly basis. However, there is also room for skepticism when it comes to this strategy given how fickle the crypto market is — the value of TRX may tank, leaving investors with egg on their face.
BTT token sale didn’t go well
Earlier, Binance conducted a rather controversial BTT token sale with many exchange users claiming that they didn’t an opportunity to buy the token after all of them had been sold in a snap. After that, Sun promised to conduct an additional free airdrop for those who failed to get their orders executed on Binance.