BTT and TRX together Creates a New Internet Economy Driven by Decentralization: Justin Sun
BitTorrent foundation is finally going to initiate the first airdrop of BitTorrent (BTT) today at block height 6.6 million to Tron (TRX) holders. It would involve the airdrop of 10,890,000,000 BitTorrent (BTT), corresponding to 1.1 percent of total supply.
BitTorrent Foundation also plans to airdrop additional 99,990,000,000 BTT that is 10 percent of the total supply to long-term Tron holders during online and offline events.
There is no minimum TRX required to qualify for BTT airdrops. Everyone who is holding TRX and all officials wallets relaying on Tron network and carrying TRX are eligible for BTT airdrops, in the ratio of approximately 1 TRX = 0.11 BTT.
Longest Airdrop in History
BitTorrent airdrop is not going to be just one-off event rather it is a gift that will keep on giving. According to the official announcement,
“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 supply, and over the next six years, the percentage airdropped will increase by 0.1% per year, reaching 1.7% in 2025.”
Tron Founder and BitTorrent CEO, Justin Sun has this to say about TRX and BTT’s integration into BiTorrent,
“Think of Tron and BitTorrent 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 Founder Takes a Jab at Ethereum Founder
Meanwhile, Sun doesn’t let go any chance to take a jab at Ethereum or its co-founder Vitalik Buterin.
Recently we reported how Sun announced a “secret campaign” for Buterin over him choosing BitTorrent as the proved “real long lasting use case for decentralized applications” back in 2017. Just last week, Buterin had taken a jab at Tron with,
“When a blockchain project claims ‘We can do 3,500 TPS because we have a different algorithm,’ what we really mean is ‘We are a centralized pile of trash because we only have 7 nodes running the entire thing.’”
Well, now Sun’s followers on Twitter has reached 835k in comparison to Buterin’s 832k and he is not letting it slide unnoticed.
On the price front, at the time of writing, Tron has been trading at $0.02555 with the 24-hours loss of 0.19 percent. The eighth largest cryptocurrency with a market cap of $1.7 billion is in the red by 0.30 percent in the BTC market.