BitTorrent, the peer-to-peer file sharing platform acquired from the DLT project (DLD) has published further details regarding the BTT token launches to all TRON (TRX) owners scheduled for February 11, 2019, according to a statement print on 20 January 2019.
Snapshot to be taken in blocks of 6.6 million height
As stated in the press release, the BitTorrent the team will take a snapshot of all TRX tokens held by investors when TRON reaches a block height of 6.6 million and February 11, 2019 would achieve a 1.1% airdrop of the total current supply of BTT (10.890 million).
If all goes as planned, the team says it is trying to trap another 11,880,000,000 BTTs for TRX owners in the next 12 months (1,2 of the total BTT supply), with another 99,990 million BTT (10, 1% of total circulating supply). -terminate TRX holders during online and offline events.
But that's not all, the BitTorrent Foundation also clarified that it would have cast 12.87 million BTT (1.3% of total circulating supply), and the percentage of airdropped tokens will be increased 0.1 percent each year, reaching 1.7 percent in 2025.
BTT Airbuses follow the 1: 1 rule
The team has suggested that all portfolios that are transmitting on the TRON blockchain network and in possession of any amount of TRX token will be eligible to receive the same amount of BTT.
Basically, a cryptocurrency trader who has 1 TRX on his wallet will also receive 1 BTT and so on. There is not a minimum or a maximum amount of TRX required to qualify the TRON investors for the airdrop and the BitTorrent team said that the BTT launches are automatically distributed to all TRX holders regardless of whether the their TRX tokens are frozen or live.
At the moment, the entire number of cryptocurrency exchanges supporting the BTT airdrop remain unknown, however the team says it plans to make an official announcement on its website and social media in a short time and all exchanges. and trading venues are obliged to start the BTT airdrop process on February 11, 2019, while BTT trading should start on February 12, 2019.
Timeline of Airbus BTT
February 11th 2019: the first BTT airdrop of 10.890.000.000 goes to all the owners of TRX.
From March 11, 2019 to February 11, 2020, 1,072,500,000 BTT will be issued each month.
On March 11, 2021, until February 11, 2022, they will see 1,155,000,000 BTT hijacked to eligible people on the 11th of each month.
And the fun does not end there.
The same process goes on from March 11, 2022 to February 11, 2023, as the TRX owners will share another 1,237,500,000 the 11 of each month.
On March 11, 2023, until February 11, 2024, we will see another 1.320 million BTT broadcast monthly and finally, 1.102.5 million BTT will be transmitted on the 11th of each month by the & # 39; March 11, 2024, February 11, 2025.
In particular, the BitTorrent team explicitly stated that:
"BitTorrent Foundation reserves the right to change these terms at any time in its sole discretion."