An airdrop is a process in which a specific cryptocurrency gives away some of its tokens for people that accomplish a series of requisites or perform tasks (such as joining, following, or interacting with the project’s social media accounts) in a specific timeframe. The coins are distributed to a significant number of wallet addresses. Airdrops are implemented as a way to position a token’s name and earn attention and, ultimately, new followers and holders.
Tron (TRX) and BitTorrent token (BTT) holders will enjoy the first BBT token airdrop, one that started on Monday, February 11th. Additionally, Tron and BTT founder Justin Sun announced that there will be a special Valentine’s Day secret campaign.
The BTT airdrop will be a long term event as opposed as a one-time proposition, as most of them are presented. There will be monthly airdrops from this point until February 2025. There are approximately 990 billion BTT tokens, and about 10.1 % will be distributed or “airdropped” over the Tron blockchain to TRX holders over that timeframe.
An interesting Concept
The first airdrop began on Monday, February 11th, after the blockchain’s block height reaches 6.6 million. At that point, the distribution of 10,890,000,000 BitTorrent (BTT), which is 1.1% of the total circulating supply, started. The reward for holders equaled to 0.11 BTT for every 1 TRX held.
The airdrop will be performed monthly, and b the end of the first 12 monthly distributing events, approximately 990 million BTT tokens will have been scattered around TRX holders. At that point, BTT airdrops will increase by 0.1 % month.
The BTT airdrop is supported by a wide array of wallets and exchanges: the official Tron Wallet and the Trust Wallet are two of them, and some of the exchanges are OKEx, Huobi, Binance, and 11 more.
As for the Valentine’s Day surprise, Justin Sun announced via Twitter that several celebrities will be present in some way. “We’ll have a secret campaign released on #ValentinesDay for #TRON and #BitTorrent! Numerous celebrities will be on board. FYI, one of the main characters in #Friends, one winner of 3 #goldenglobeawards & one winner of 4 #SuperBowl titles,” the entrepreneur wrote in the microblogging account.
Sun told a prominent crypto news site that Tron and BitTorrent should be viewed “like a razor and a blade. You need both together to create a new internet economy driven by decentralization. We are seeding BTT to deliver a marketplace of innovations and applications across the web.”
Tron’s Place in the Industry
Tron is a well-known name in the cryptocurrency industry, holding the eight spot in the CoinMarketCap ranking. Tron, as of the moment of writing this piece, was worth $1.75 billion. The project, founded by Sun, made waves last year when it acquired the famous decentralized Internet protocol BitTorrent in June. After that, the announcement came about the creation of the BTT token to use within the file-sharing network. The public sale was a resounding success.
Thanks to the first BTT airdrop, those that hold TRC-10 tokens are expected to migrate to TRX in order to gain access to their free tokens. However, the effectiveness of BTT and TRX’s campaign remains to be seen because there are not many precedents of any similar activity.
By Andres Chavez