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BitTorrent, the San Francisco domiciled firm, is all set to benefit the TRX holders through the onset of its eighth BTT airdrop program on September 11, 2019, at 00:00 UTC. The platform will distribute a whopping amount of 990,000,000 BTT to the TRON holders.
On September 11th 00:00 UTC we will initiate our eighth $BTT airdrop and reward TRON $TRX holders with 990,000,000 #BTT! Here's everything you need to know about our airdrop program and how to be eligible. https://t.co/kFTnkIYio3
— BitTorrent Inc. (@BitTorrent) September 9, 2019
Airdrop is an exciting feature of the crypto world where firms indulge in the free of cost distribution of substantial amounts of a particular digital token or coin to the community members for free or in return of their participation in some activity.
About BitTorrent Foundation’s Airdrop Program:
BitTorrent Foundation initiated its first airdrop of BTT coins to TRON (TRX) holders on February 11, 2019. The snapshot was recorded when the block height of TRON network touched the mark of 6.6 Million. Depending upon the snapshot, the firm had its first airdrop of 10,890,000,000 BitTorrent (BTT) which is 1.1% of the total supply.
The platform revealed that post the first airdrop, 11,880,000,000 BTT lining up to 1.2% of the total supply would be given to the TRX holders in the coming 12 months period. An airdrop of 12,870,000,000 BTT corresponding to 1.3% of the total supply will be disbursed in the year 2020.
In the following six years, the airdrop percentage will show an increase of 0.1% every year to a maximum of 1.7% in 2025.
During online and offline events, the BitTorrent Foundation has planned to airdrop an additional 99,990,000,000 BTT, corresponding to 10% of the total supply, to reward the long term TRX holders.
Eligibility Criteria of Airdrop Program:
All the people holding wallets on TRON network and having TRX coins will be eligible for the highly-anticipated BTT airdrop scheme. The users will be given BTT coins in alignment to the amount of TRX coins they will be holding in their wallets. The firm does not affirm a minimum TRX value to qualify for the BTT airdrops.
The portal will initiate the airdrops automatically to the TRON holders irrespective of whether TRX is frozen.
BitTorrent Airdrop Complete Timeline:
- February 11, 2019– Initial airdrop of 10,890,000,000 BTT
- March 11, 2019-February 11, 2020– Airdrop of 990,000,000 BTT on 11th of each month
- March 11, 2020 — February 11, 2021– Airdrop of 1,072,500,000 on 11th of each month
- March 11, 2021 — February 11, 2022– Airdrop of 1,155,000,000 on 11th of each month
- March 11, 2022 — February 11, 2023– Airdrop of 1,237,500,000 on 11th of each month
- March 11, 2023 — February 11, 2024– Airdrop of 1,402,500,000 on 11th of each month