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At around 3:00 PM UTC on Feb 11, 2019, Tron (TRX) initiated an airdrop of 10.89 trillionTokens (BTT) to holders of TRX. This is the first of a projected 73 airdrops to occur on a monthly basis for the next six years in which TRX holders will be airdropped a total of over 97 trillion tokens—accounting for 10 percent of the total supply of BTT.
The initial BTT airdrop for TRX holders occurred at block 6.6 million. 1.1 percent of the total supply of 9.9 trillion BTT was distributed. For every 1 TRX owned, 0.1097681177 BTT was airdropped, equaling a total of 10.90 trillion BTT. At least 45 exchanges and wallets supported the Crypto is a rapidly expanding space and new ways to distribute tokens are continually being developed. Airdrops are used by... More.
— Binance (@binance) February 12, 2019
On March 11, 2019, when the second monthly airdrop is supposed to take place, 9.9 billion, rather than 10.89 trillion, BTT will be airdropped to TRX holders. The rate at which BTT will be airdropped is subject to annual fluctuations. Each year 0.1 percent more of the total supply of BTT will be airdropped than that which was distributed during the year prior. The schedule for the next six years has been defined as such:
Using the numbers presented by the Tron Foundation, it is calculated that a total of 97.02 trillion tokens are slated to be airdropped to TRX holders between Feb 11, 2019 and Feb 11, 2025 over 73 monthly increments. This amounts to 9.8 percent of the total supply of BTT.
Another 10 percent of the total supply has also been announced to be airdropped to BTT holders. This means that a total of at least 19.8 percent of all BTT will be airdropped to holders of either TRX or BTT.
[bctt tweet=”A total of at least 19.8 percent of all BTT will be airdropped to holders of either TRX or BTT.” username=”beincrypto”]
Would you invest in a cryptocurrency like TRX or BTT if you were promised airdropped tokens every month? Let us know your thoughts in the comments below!
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