Binance announce support of BitTorrent (BTT) airdrop program for Tron holders

22 Jan, 2019
by Ryan Boltman
Exchange
Binance announce support of BitTorrent (BTT) airdrop program for Tron holders

Binance have announced that they will be supporting the BitTorrent airdrop program, which is set to run for several years. 

The announcement included a breakdown of the proposed airdrop program for BTT. 

Tron (TRX) holders who have their tokens stored on Binance, will automatically be eligible for the airdrop, and will not need to do anything to participate as Binance will handle the airdrops.

Read More: Justin Sun confirms BTT will launch January 28 on Binance Launchpad

The airdrop is set to commence on 11 February 2019. The airdrop is set to continue until 2025, with allocations dispersed yearly. The first airdrop taking place next month, will see 1.1% of the total BTT token supply airdropped. This will occur at block height 6.6 million on the Tron Blockchain. 

The airdrop ratio is currently set at 1 TRX = 0.11 BTT.

Binance have outlined the following airdrop schedule for TRX holders on the exchange,  the amount of BTT airdropped each month from 2019 to 2025 is as follows:

2019/03/11 - 2020/02/11: 990,000,000 BTT airdropped to TRX holders on the 11th day of each month during this period

2020/03/11 - 2021/02/11: 1,072,500,000 BTT airdropped to TRX holders on the 11th day of each month during this period

2021/03/11 - 2022/02/11: 1,155,000,000 BTT airdropped to TRX holders on the 11th day of each month during this period

2022/03/11 - 2023/02/11: 1,237,500,000 BTT airdropped to TRX holders on the 11th day of each month during this period

2023/03/11 - 2024/02/11: 1,320,000,000 BTT airdropped to TRX holders on the 11th day of each month during this period

2024/03/11 - 2025/02/11: 1,402,500,000 BTT airdropped to TRX holders on the 11th day of each month during this period

Read More: Former BitTorrent Exec feels introduction of BTT will "literally destroy" TRON

The next question on everyones mind, is are these BTT tokens going to be worth anything at all considering the massive supply. Also with the ratio of TRX to BTT for thr airdrop, it could be considered by most, to not even be worthwhile holding TRX. 

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