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Today's Gazette – Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News

Tron’s BitTorrent (BTT) Issues Airdrop Timeline For TRX Users, Begins With 10,890,000,000 BTT

Altcoins

Tron’s BitTorrent (BTT) Issues Airdrop Timeline For TRX Users, Begins With 10,890,000,000 BTT

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Tron (TRX) blockchain technology successfully conducted the much lauded niTron Summit 2019 which hosted a number of who is who like CEO of Kiip, NWay’s CEO, CEO of BitGuild and director of Bancor, amongst other. There, the team behind the cryptographic project made series of claims including the achievement of over 2000 DApps milestone before the end of the year.

Subsequent to the summit which added to the value of the cryptocurrency, BitTorrent, a family of Tron blockchain technology, unveiled an airdrop timeline where it would be rewarding Tron (TRX) holders bountifully.

BitTorrent, in a release where the update was disclosed mentioned that it would kick start the bounty on February 11th, 2019. The first airdrop would take place when TRON’s block height reaches 6.6 million.

A total of 10,890,000,000 BitTorrent (BTT) would be given out to TRX holder on this day, a value which conforms to 1.1% of total circulating supply.

Within a space of 12 months after the initial airdrop, 1.2% of total supply, 11,880,000,000 BTT, would again be dished out to holders, and in 2020, at total of 12,870,000,000 BTT airdrop would be allocated.

For the nest six year, BitTorrent noted that the airdrop would sequentially increase by 0.1% per year, and by 2025, 1.7% of the total circulating supply would be the amount allocated for airdrop.

“To reward TRON’s long-time TRX holders, the BitTorrent Foundation also plans to airdrop additional 99,990,000,000 BTT, during online and offline events, corresponding to 10.1% of the total circulating supply”, BitTorrent stated.

The release added that airdrops would be given to users based on 1:1 ratio rule. For every 1 TRX holder, 1 BTT would be given. Therefore, no minimum TRX is a requisite for the airdrop.

Irrespective of the state of a holder’s TRX i.e frozen TRX, airdrops will be automatically distributed. Also, exchanges supporting the airdrops would be declared on the official website and social media handles.

BitTorrent (BTT) airdrop timeline:

  • February 11, 2019

Initial airdrop of 10,890,000,000 BTT

  • March 11, 2019 — February 11, 2020

Amount of BTT airdropped on the 11th of each month: 990,000,000

  • March 11, 2020 — February 11, 2021

Amount of BTT airdropped on the 11th of each month: 1,072,500,000

  • March 11, 2021 — February 11, 2022

Amount of BTT airdropped on the 11th of each month: 1,155,000,000

  • March 11, 2022 — February 11, 2023

Amount of BTT airdropped on the 11th of each month: 1,237,500,000

  • March 11, 2023 — February 11, 2024

Amount of BTT airdropped on the 11th of each month: 1,320,000,000

  • March 11, 2024 — February 11, 2025

Amount of BTT airdropped on the 11th of each month: 1,402,500,000

Oliver is an online publisher, managing various blogs through the years. He had contributed to multiple news portals in the US and the UK. His interest varies from Political Agendas to recent Technological advancements. He is now a full-time contributor to TODAY'S GAZETTE.

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