BitTorrent Foundation Successfully Completes BTT Airdrop

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Tue, 02/12/2019 - 07:14
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    That was the very first BTT airdrop to TRX holders in an upcoming series of monthly airdrops that will last till 2025

Cover image via U.Today

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.

 

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.

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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.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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