The rumours have been proved to be true about Tron offering BTT tokens to the TRX holders in the market. In a recent tweet Justin Sun, CEO of Tron Foundation announced that the BitTorrent will initiate its first airdrop of BitTorrent [$BTT] to the TRON [$TRX] holders.
This first airdrop will commence on 11th February 2019. All that is to know about the airdrop is mentioned on the official website of BitTorrent and Tron, https://www.bittorrent.com/btt/ and https://tron.network respectively.
— Justin Sun (@justinsuntron) January 20, 2019
The entrepreneur of BitTorrent tells the community of its relation with Tron by saying
“Decentralized platforms promote openness, spurn censorship and reward their participants. Projects such as TRON are working on building better global infrastructures for this.”
Justin Sun, wants people to think of “Tron” whenever they think of any cryptocurrency. The airdrops are said to be happening frequently between a year.
According to the given information, over the next 12 months following this initial airdrop, 11,880,000,000 BTT will be offered to TRX holders, corresponding to 1.2% of total supply. In 2020, the BitTorrent Foundation will airdrop 12,870,000,000 BTT, corresponding to 1.3% of the total circulating supply, and over the next six years, the percentage airdropped will increase by 0.1% per year, reaching 1.7% in 2025.
BitTorrent reserves all the rights to change these airdrops at their own discretion. This means the plans can go under changes
The resources say that this airdrop will take place when Tron’s block height reaches 6.6 million. BitTorrent Foundation will initiate its first airdrop of 10,890,000,000 BitTorrent (BTT), corresponding to 1.1% of total circulating supply.
At the time of writing, TRX was traded at $0.023703 with a red figure of 3.64%. The market cap at that time was recorded at $1.579billion while the volume traded over 24hrs was $132.9 million.
The 7-day graph of TRX shows consistent volatility of price between a certain price range and hasn’t changed a lot this week. TRX has maintained its rank at number 9 and has been progressing with full throttle.
The TRX/USD pair is range bound between $0.0183-$0.02815521. The breakout of this range in the week before could not sustain, and the price fell back into the range.
If the market succeeds in pushing the prices above the price range, a bullish trend is expected to see next week. And the first target that is said to be on the upside is at $0.04. If at all the bears defend the upward push above the said limit then this volatility is expected to be seen for the next week as well.