Tron Foundation recently shared the news on BitTorrent airdrops for the Tron (TRX) holders, which will take place on February 11. The announcement also confirmed that it will be the first airdrop, which will be followed by several other ones over time.
The original message by Tron stated: “BitTorrent will initiate its first airdrop of BitTorrent BTT to the Tron (TRX) holders on February 11th, 2019. Read this article and learn how to be eligible for airdrops”.
The official article by BitTorrent further on confirmed that snapshot will be taken when TRON’s block height reaches 6.6 million. It also confirmed that the first airdrop will be worth 10,890,000,000 BitTorrent (BTT), which is 1.1% of total circulating supply.
The company official message went on informing that “over the next 12 months following this initial airdrop, 11,880,000,000 BTT will be offered to TRX holders, corresponding to 1.2% of total supply. In 2020, the BitTorrent Foundation will airdrop 12,870,000,000 BTT, corresponding to 1.3% of the total circulating supply, and over the next six years, the percentage airdropped will increase by 0.1% per year, reaching 1.7% in 2025”.
In addition, BitTorrent Foundation is also planning to airdrop additional 99,990,000,000 BTT as a reward for long-time TRX holders. This addition amount will be airdropped during different events and occasions.
“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… Airdrops will be automatically distributed to the Tron (TRX) holders, regardless of whether TRX are frozen”, concluded the announcement.
BitTorrent (BTT) Airdrop Timeline
The company also provided planned timeline of BTT Airdrop
- February 11, 2019 – Initial airdrop, 10,890,000,000 BTT
- March 11, 2019 to February 11, 2020 – 990,000,000 BTT
- March 11, 2020 to February 11, 2021 – 1,072,500,000 BTT
- March 11, 2021 to February 11, 2022 – 1,155,000,000 BTT
- March 11, 2022 to February 11, 2023 – 1,237,500,000 BTT
- March 11, 2023 to February 11, 2024 – 1,320,000,000 BTT
- March 11, 2024 to February 11, 2025 – 1,402,500,000 BTT