News from Tron CEO, Justin Sun, confirms that the BitTorrent Foundation has completed the long-awaited BTT airdrop. Sun explained that users will have to maintain their patience as the large volume of air-dropped tokens has dragged the process out a bit longer.
This has been the first BTT airdrop to TRX holders in what will be a series of monthly drops lasting until 2025, making it one of the longest airdrops ever to date.
U.Today reports that 10.1% of the total BTT circulation was dropped among TRX holders in a move designed to incentivize investors. It looks good on the surface, but given the volatility and changeability of the crypto market landscape, there are strong degrees of doubt surrounding the viability of the strategy. Any market correction or fluctuation could cause TRX’s value to plummet – the investors wouldn’t be happy about that!
Prior the drops, there had been a BTT token sale, somewhat controversially, on Binance. A series of snap sales that ate up much of the token on offer left users unhappy at having lost their chance to take part in the sale! Justin Sun promised to make amends to those users with the extra free drops for those who missed out at the Binance sale.
By the way, Huobi Global has already launched BTT/USDT, BTT/BTC, BTT/ETH markets. Go ahead, boys.