Who Wants Some Free BitTorrent Tokens? BTT Giveaways About To Launch Until 2025
Who Wants Some Free BitTorrent Tokens? Giveaways About To Launch Until 2025
Airdrops are one of the easiest ways to get free tokens in the crypto community. There are plenty of reasons for platforms and digital assets to launch this type of campaign, but the recent announcement from BitTorrent is challenging all of those previous events. In fact, as the BitTorrent token is finally launched, their airdrop is scheduled to last until 2025.
The plan that BitTorrent has in place seems like an experiment with 990 billion tokens involved. Approximately 10.1% are allotted to the airdrops, hoping to encourage new investors. BitTorrent recently partnered with Justin Sun’s Ripple platform, which Sun believes will be the catalyst for a decentralized global economy. The new BTT token will help more decentralized apps to find their place in the market.
Once the company reaches 6.6 million on the Tron blockchain, the company plans to take a snapshot of the numbers and release the first collection of BTT for an airdrop that will impact all Tron holders. It will take about 12 airdrops to spread the 990 billion BTT in various promotions. Right now, for every TRX token that someone holds this week, they will recent 0.11 BTT.
Even though Binance is one of the many platforms to support BTT airdrops, the users of TRX do not need to make any changes in where their coins are held. Right now, the future BTT drops are supported by both Tron Wallet and Trust Wallet.
According to U Today,
“Tron plans to encourage its investors to actually hodl BTT by increasing the amount of airdrops five times each February until 2025, then these free giveaways will be over. However, some experts do not believe this will work, since the token’s value may fall much deeper than the value of BTT airdrops.”
Right now, even though the airdrops could be potentially profitable for users, experts think that the biggest benefactor will be Binance. The additional tokens will increase trading volume and the volatility and assets, which is substantially high.