Yesterday, the Binance team released a blog post on their platform confirming support for the BitTorrent Airdrop Program for TRON (TRX) holders. The project is set to run for several years. All TRON (TRX) holders who have their tokens stored on the Binance platform are automatically eligible for the airdrop and will not need to do anything to participate as Binance will handle all the airdrops.
The airdrop is expected to begin on the 11th of February this year and is set to continue until 2025 with allocations dispersed per year. The first airdrop is expected to occur at a block of 6.6 million on the TRON blockchain and will see a 1.1% of the total BitTorrent (BTT) supply airdropped. Currently, the airdrop ratio is set at 1 TRX = 0.11 BTT.
According to the announcement, Binance will as well support the monthly airdrop of BTT, promising to take a snapshot of TRX balances at 0:00 (UTC) on the 11th day of each month. The blog post outlines the airdrop schedule for TRX holders on the exchange showing the amount of BTT airdropped each month from 2019 to 2025 as shown below;
The Amount of BTT Airdropped from 2019-2025
- 2019/03/11 – 2020/02/11: 990,000,000 BTT airdropped to TRX holders on the 11th day of each month during this period
- 2020/03/11 – 2021/02/11: 1,072,500,000 BTT airdropped to TRX holders on the 11th day of each month during this period
- 2021/03/11 – 2022/02/11: 1,155,000,000 BTT airdropped to TRX holders on the 11th day of each month during this period
- 2022/03/11 – 2023/02/11: 1,237,500,000 BTT airdropped to TRX holders on the 11th day of each month during this period
- 2023/03/11 – 2024/02/11: 1,320,000,000 BTT airdropped to TRX holders on the 11th day of each month during this period
- 2024/03/11 – 2025/02/11: 1,402,500,000 BTT airdropped to TRX holders on the 11th day of each month during this period
The announcement clearly noted down that all TRX tokens that are below 100TRX will not be eligible for the airdrop and also urged users to make sure they leave sufficient time for deposits and withdrawals to complete before the snapshot since TRX tokens that are pending deposits or withdrawals during the time of each snapshot will not count towards their TRX balance.
Other exchanges such as OKEx, WazirX, Gate.io and Huobi have also announced their support for the airdrop.
