The Crypto Times
Image default
Industry News

BitTorrent Conducts Huge Airdrop to TRON Community

Marketing experts of the TRON Foundation are promoting BitTorrent tokens (BTT) to attract attention to the new cryptocurrency within their community. The foundation is launching a series of airdrops that contain BitTorrent tokens, a new cryptocurrency introduced for use on the BitTorrent platform that is taking the market by storm.

The Airdrop

TRON Foundation founder Justin Sun announced the longest and largest airdrop in cryptocurrency history at his social media page. He reveals that TRX holders will benefit from the airdrop. The ratio of the airdropped BTT is 0.1097681177 BTT is equal to 1 TRX. A total of 990,000,000 BTT will be given starting from every 11th of the month until the year 2025. According to Sun, TRX holders must check their wallet and account to find out exactly how much BTT they received.

TRON Founder, Justin Sun

During Sun’s announcement, a lot of fake social media accounts are posing as BitTorrent. The TRON Foundation releases a warning against false reports. In what was expected to take 48 hours, the airdrop has distributed 10.8 billion BTTs in a matter of four hours. According to Sun, TRON’s blockchain played a massive part in speeding up the process.

The BTT Pump

Cryptocurrency market capitalization Coinmarketcap reveals that BTT rose to 11% USD pricing following the airdrop. BTT is also 12% against Bitcoin. Binance is currently holding over 50% of the exchanges on BTT, with UPbit being the most recent top fiat exchange by keeping 35% of the volume per day.

Tron, on the other hand, takes a dip after performing only 4.7%. Cryptocurrency markets pulled back, and TRX is now trading at $0.024. Tron was one of this year’s best-performing cryptocurrency assets together with Binance Coin and Litecoin.

Related posts

Oracle Unveils Enterprise Blockchain Cloud Platform

Miles

Blockchain Tech Strong Driving Point in Growth of Transportation Managing Systems

Viena Abdon

US House of Representatives Revive Token Taxonomy Act Excluding Crypto From Security Legislation

Viena Abdon

Instant Messaging Service Telegram Rolls out Test Client for TON

Viena Abdon

Owner of World’s Tallest Building Plans to ICO

Viena Abdon

MakerDAO DAI Competing with Reigning Stablecoin Tether

Sierra Sanders