The latest announcement from BitTorrent Foundation has shed more light on the upcoming BitTorrent BTT token airdrops for long-term TRX holders.
In a post on Medium, BitTorrent Foundation confirmed that it will initiate the first airdrop of BitTorrent (BTT) to TRON (TRX) holders on February 11th, 2020. The company will airdrop 10,890,000,000 BitTorrent tokens, corresponding to 1.1% of total circulating supply.
Additional 11,880,000,000 BTT tokens will be airdroped to TRX holders in the following 12 months. In 2020, BitTorrent Foundation is planning to continue airdrop campaign by offering 12,870,000,000 BitTorrent tokens, and over the next six years, the percentage airdropped will increase by 0.1% per year, reaching 1.7% in 2025, according to the announcement.
“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,” the company said on Sunday.
The BitTorrent Foundation clarified that airdrops will follow a 1:1 ratio rule. “If you are holding 1 TRX, you will be eligible to receive 1 BTT. All official wallets relaying on TRON’s network and carrying TRX will be eligible for BTT airdrops corresponding to the amount they are holding. No minimum of TRX is required to qualify for BTT airdrops,” the post on Medium reads.
To find out more about BitTorrent token, we recommend to read our story TRON’s BitTorrent Token (BTT): Giant Leap Toward Adoption or Cheap Cash Grab?
BitTorrent (BTT) airdrop timeline:
February 11, 2020
Initial airdrop of 10,890,000,000 BTT
March 11, 2020 — 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