In a recent announcement, Bitfinex said that it has successfully completed the BTT airdrop and that all participants have gotten their tokens relative to their Tron (TRX) holdings. Bitfinex is one of the most popular digital currency trading platforms in the world, and the firm made the announcement via a tweet.
The airdrop was announced back in February this year. The airdrop gave out BitTorrent Tokens (BTT) to Tron (TRX) holders on supported digital currency trading platforms. They gave it out in a ratio of 0.11:1 (0.11 BTT for each TRX held). This means if a user has TRX tokens worth $1k, the person would be eligible to receive BitTorrent Tokens (BTT) worth $5.
Nevertheless, the amount of BitTorrent tokens distributed to Tron (TRX) holders is scheduled to increase gradually over time. It would increase at a rate of 0.1 percent per year, until the year 2025. They will discontinue the program in 2025.
Only Wallets Holding at Least 100 TRX Are Eligible for the Airdrop
Initially, the Tron Foundation did not put any restriction on how much Tron (TRX) tokens had to be held. After the first two airdrops, the Foundation made an announcement that only wallets with a minimum of 100 TRX are eligible to receive the BitTorrent Token airdrop.
They took an initial snapshot of the network was the Tron (TRX) block height reached 6.6 million and the first airdrop had already given out 1.1 percent of the total BTT for the airdrop. The percentage would increase to about 1.7 percent by 2025.
The Tron Foundation also plans for long-term TRX holders. There are different kinds of crypto traders in the market. Some are in for short returns – they buy and sell to make quick profits. Whereas, there are some with high long-term expectations, with the hope that the digital currency would surge enormously in the future. These sets of people buy and hold the coin in the long run.
To reward long-term Tron (TRX) holders, there would be an additional airdrop of 99.99 billion BTT, which is worth about $44 million. This corresponds to about 10 percent of the total supply.
