One thing that is important to note is to be careful to avoid BTT scams as the hype for the token grows. There is no minimum Tron that is required to receive these airdrops. The airdrops will correspond to the amount of Tron held. So what do you need to know if you are a Tron holder and want to receive these airdrops?Īll you have to do to be eligible for these airdrops is to be holding your Tron in an official wallet that relays to the network and be holding TRX. This also explains that there will be an additional 99,970,000,000 BTT or ten point one percent (10.1) of the total circulating supply that will be airdropped during online and offline events. And this trend is going to continue over the next six years with the percentage of airdrops increasing from 0.1 percent per year reaching 1.7 percent in the final year of 2025. There will be an additional 12,870,000,000 airdropped or one point three (1.3) percent of the total supply. This is at 1.2% of the total supply, and this trend will likely continue into 2020. Over the next 12 months, an additional 11,880,000,000 BTT will be offered to Tron holders. This seems to be just the beginning of airdrops for BTT. This article explains the full plans for BTT airdrops over time and gave a schedule for what you can expect if you are a Tron holder. The expected outcome is that users will seed for more, prompting better network health and quicker download speeds for all users. This BTT marketplace is expected to empower users to promote offers inside a group or “swarm” and exchange BTT in return for quicker access and more bandwidth access to seeds. This new system will attempt to provide an auction-like framework, which will at first be straightforward and for the most part automated, yet will be improved upon more and more with later updates. This is being referred to as BitTorrent Speed, and it is expected to be an attempt to use a currency as a motivator to improve and optimize the level of computing power and bandwidth on the BitTorrent system. This is particularly important if you opt for a web host that will accept cryptocurrency transactions, but you also need to make sure that your web host of choice offers optimum security and reliability. This also means that BitTorrent users who have secure hosting for their (legal) files will certainly be poised to benefit from this. This feature also lets “seeds” gain BTT for keeping their torrents running, and for having them on the system for longer than they would have otherwise. This new feature, not typically seen within cryptocurrency, will empower users of the BitTorrent system to send BTT transactions to one another.įor BitTorrent users, this is used as a method of “skipping the line” and will allow them to download files quicker than other users. Clients with a full duplicate of the document are known as 'seeds'.Īnother component, BitTorrent Speed, is expected to be started after the airdrop of BTT. Sharing something on BitTorrent includes various and geographically diverse 'peers' each downloading little bits of a specific file from one another. If you are new to the crypto world, an airdrop for a cryptocurrency is a method of distributing new tokens/coins by awarding them in a certain proportion to existing holders of a particular cryptoasset, such as Bitcoin or Ethereum.Īs per the BTT whitepaper, the primary real usage of BTT will be used as a means to make the procedure of file sharing faster for various torrent clients. What is BTT?The way BTT will be distributed at first is by airdrop. BitTorrent, the world's biggest file-sharing network, has recently launched this new cryptocurrency token in a joint venture with TRON (TRX).īut what exactly is BTT? And what will it be used for? What are its chances of success? In this article, we will outline everything you need to know about the BitTorrent Token (BTT). BTT is a TRC-10 token based on the TRON blockchain.
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