BitTorrent has revealed it is going to reward its users with $999 Million BTT tokens. Come December 11th the platform is initiating and rewarding TRON (TRX) holders with the said amount.
On December 11th 00:00 UTC we will initiate our eleventh $BTT airdrop and reward TRON $TRX holders with 990,000,000 #BTT! Here's everything you need to know about our airdrop program and how to be eligible.https://t.co/FIz7CTRifu
— BitTorrent Inc. (@BitTorrent) December 9, 2019
As revealed in its previous publication, BitTorrent Foundation initiated its first BitTorrent (BTT) airdrop to TRON (TRX) holders. This December airdrop marks the end of the BitTorrent reward for TRON holders.
However, the publication noted that the snapshot would be taken when TRON’s block height reaches 6.6 million.
Using the said snapshot, BitTorrent Foundation began its first airdrop that equaled 10,890,000,000 BitTorrent (BTT), around 1.1% of total BitTorrent supply.
In twelve months, BitTorrent said it would be airdropping 11,880,000,000 BTT to TRX holders at large, around 1.2% of total BitTorrent supply.
In the coming year, the foundation said it would reward TRON holders with around 12,870,000,000 BTT, equivalent to 1.3% of the total BitTorrent supply.
As well, in the next six years, BitTorrent Foundation would have increased its airdrop value by 0.1% every year, to reach 1.7% in 2025.
However, BitTorrent promised to airdrop an additional 99,990,000,000 BTT to TRON users during online and offline events. This is equivalent to 10% of BitTorrent’s total supply. Meanwhile, the airdrop is being supported by every official TRON wallet.
A Little about BitTorrent
BitTorrent was acquired by Justin Sun, the founder of TRON. The platform, till today, is seen as the first decentralized network. It permits users to share files. Although, BitTorrent did not reveal the terms and agreement of the acquisition, however, it was speculated that the platform was acquired for a whopping $126 million.
BitTorrent was founded in 2004. Now, the platform has around 100 million active users across the world.
At the moment, BitTorrent has one of the top rated-apps on Google Play and some other products that include uTorrent Web, desktop client for Mac and PC, and importantly, BitTorrent Play (iOS).
Since the acquisition, TRON has been offering diverse products to the over 100 million BitTorrent users worldwide.