So many ups and down frequently challenge the cryptocurrency market. It has been considerably apparent with popular coins like Bitcoin (BTC), Ethereum (ETH) and Tron (TRX) all experiencing multiple drops in a matter of a few hours. Justin Sun led Tron has witnessed conflicting fortunes as the cryptocurrency began the week as the greatest winner.
On a positive side, Tron gained a boost lately when WazirX, a popular Indian cryptocurrency exchange announced that they would be backing the proposed BitTorrent airdrop. The cryptocurrency exchange tweeted that they will have an upcoming BitTorrent (BTT) token sale and that Tron holders will get BTT tokens in an airdrop. They will also support the #airdrop and credit the same to $TRX holders on WazirX.
The BitTorrent Token’s launching was much celebrated by the Tron CEO, considering it as the first step in building a fully functional decentralized ecosystem.
Bittorrent’s BTT For Tron TRX Hodler
Beginning on February 11, 2019, until 2025, BitTorrent will be issuing BTT tokens to holders of Tron’s TRX. The first snapshot will be taken when the block height approaches 6.6 million which counter can be seen on tronscan.org.
The said announcement affirms that based upon this snapshot the BitTorrent Foundation will induct 10,890,000,000 BTT, as the first airdrop value, which compares to 1.1% of total circulating supply. Over the coming 12 months, an additional 11.88 billion BTT will be distributed to TRX holders raise the fraction of the total to 1.2%. The percentage of airdropped will increase by 0.1% per year until it reaches 1.7% in 2025 whereby the number will be 1.4 billion tokens per month.
They have added that to reward TRON’s long-time TRX holders, the BitTorrent Foundation also proposes to airdrop further 99,990,000,000 BTT, throughout online and offline events, corresponding to 10.1% of the entire circulating supply.
Receiving BTT Airdrops
Tokens will be distributed on a one to one ratio which means one TRX takes one BTT, and also, there is no minimum TRX to be held. TRX holders in an official wallet relaying on TRON’s network, they are qualified for BTT airdrops corresponding to the amount of TRX they hold. BTT tokens will be automatically distributed to those existing holders. As an addition, users will be capable of claiming BTT tokens held on several exchanges supporting the airdrops.
Exchanges Supporting The BTT Airdrop
Here is the list of confirmed exchanges and wallets so far supporting the BTT airdrop. Still, keep in mind that this list may grow as more wallets and exchanges will possibly announce their support for the upcoming airdrop.
KuCoin is among the largest and well-known crypto exchanges today. As they started in 2017, the company efforts to serving the industry and users with superior services and flexible development plans.
The exchange directed by the former technical expert of Ant Financial of Alibaba Group, Michael Gan, has faced several challenges for the last years that made their platform and their team stronger as ever — thus proving their stability and reliability in interface and customer support.
What makes KuCoin an advantage?
Kucoin’s most lasting and fundamental competitiveness extends in its powerful R&D team, which guarantees a world-class security and service quality. They are continuously advancing its platform, ensuring a bright and prosperous future by long-term and large-scale online/offline promotion & operation.
This cryptocurrency exchange platform has adopted the hardware-accelerated and highly-efficient memory matching technology whose order-making peak value is 2 million+/second, the order-processing peak value of 1 million+/second.
Kucoin core exchanging system utilized an advanced multi-layer and multi-cluster architecture. The bank-level disaster-proof deployment with two locations and three centers which can manage multiple assignments in different places simultaneously applied.
Kucoin’s system security focused on system level and operational level. The system level is built strictly according to the financing-level standards and implemented the industry standard transfer encryption protocol to data transfer layers to ensure that all user data and sensitive information stored through bank-level data encryption. And the operational level established special internal risk administration and operation process departments which have assigned strict production data operation and usage standards.
Listings and Developments
Kucoin’s continuous developments and achievements have made their platform popular among blockchain projects. Solve.Care’s native token SOLVE got listed on February 2, 2019.
Solve.Care is created to simplify access to care, reduce administrative steps and burden, simplify and speed up payments to healthcare providers globally utilizing Blockchain technology. Its platform uses blockchain technology to minimize the enormous global clinical and IT system costs associated with our current healthcare system. This revolutionary platform, along with its large components, is available to all parties included and produces far-reaching and timeless benefits.
A day after SOLVE’s listing is another successful partnership with BitTorrent on February 3, 2019, listing their system currency, BTT.
BitTorrent Inc. is a known Internet technology company based in San Francisco that design distributed technologies scaling efficiently, keeping intelligence at the edge, and retaining creators and consumers in charge of their content and information. Their BTT token sale is considered as the quickest token sale in the young history of crypto-based crowdfunding. BTT token is extremely and fastly making its name as one of the most demand crypto-currencies today.
Both SOLVE and BTT are now available as part of Kucoin’s pool of unique and promising tokens. This trading platform will not only ensure credibility, but they also guarantee a bright future to their users.