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It is no secret that the cryptocurrant bear market, started in January 2018, has reached 2019 without a particular end in sight. Currently there are two fields of cryptographers who have divergent views on what happens in cryptographic markets. The first camp believes that Bitcoin (BTC) hit bottom on December 15 last year when its value was around $ 3200. The second camp believes the storm is not over and BTC could fall below $ 3000. Some have even expected a value of $ 1,700 for BTC in the coming days.
BTC being the King of Crypto, its value influences the entire encrypted market, given that its dominance is currently over 50% of the total market capitalization.
The BitTorrent Airdrop plan will benefit from the value of TRX and BTT for the coming years
Only time will tell if we have reached the minimum in mid-December of last year or we are heading towards greater chaos in the markets. One thing is certain, the Tron and BitTorrent foundation have launched a wonderful Airdrop plan that will keep traders and investors interested in the TRX and BTT up to 2025.
The airdrop plan explains that BTT will be distributed to TRX holders every 11th of the month from February 2019 to February 2025. This implies that many TRX investors will prefer to keep their coins for the 6-year period rather than sell. This will reduce the supply of TRX in the markets available for trading. Others will hurry to buy more before the 11th of each month to get BTT token launches thus increasing the demand for TRX and its value. These incentives will guarantee an interest for TRX in the encrypted markets until 2025.
In the case of BTT, BitTorrent Inc. advised trades to start trading BTT on February 12th of this year. This is 9 days after the token sale ending on February 3rd. The additional launches will add to the liquidity of BTT thus creating great opportunities for trading.
The monthly Airdrop plan
The airdrop distribution plan until 2025 is as follows:
2019/03/11 – 2020/02/11: 990,000,000 BTTs transmitted to TRX owners on the 11th of each month during this period
2020/03/11 – 2021/02/11: 1,072,500,000 air tickets sold via BTT on the 11th day of every month during this period
2021/03/11 – 2022/02/11: 1.155.000.000 BTT transmitted to TRX owners the 11th of every month during this period
2022/03/11 – 2023/02/11: 1.237.500.000 air tickets sold by BTT on the 11th day of every month during this period
2023/03/11 – 2024/02/11: 1.320.000.000 BTT have been transmitted to TRX owners the 11th of every month during this period
2024/03/11 – 2025/02/11: 1,402,500,000 BTTs were transmitted to TRX owners on the 11th of each month during this period
Confirmed support exchanges for AirTrops BTT
At the time of writing this, Ethereum World News confirmed the following exchanges that support BTT launches.
- Binance
- OKEx
- Huobi and Huobi wallet
- WazirX
- Koinex
- Coin tiger
- Gate.io
- FCOIN
- Bibox
- KuCoin
- Bithumb
- Coinex
- Bitpie Wallet
- Cobo Wallet
What are your thoughts on the next monthly BitTorrent (BTT) launches? Will the market interest in TRX and BTT increase? Let us know in the comments section below.
Disclaimer: This article is not intended to give financial advice. Any additional opinions reported here are purely that of the author and do not represent the opinion of Ethereum World News or any of its other writers. Perform your research before investing in one of the numerous cryptocurrencies available. Thank you.
