Announcement on the Distribution of BTT Holding Rewards to TRON (TRX) holders
According to BitTorrent (BTT) official announcement, BitTorrent Foundation will initiate the first BTT holding rewards to TRON (TRX) holders:
The snapshot time of the first distribution: When the block height of TRON (TRX) reaches 6.6 million (expected on February 11, 2019).
The ratio of the first distribution: Approximately 1 TRX = 0.11 BTT. If you hold 1 TRX in the account at the time of snapshot, you will get 0.11 BTT. Due to the uncertainty of TRX block rewards and coin burn, the final ratio may be different, the following distribution ratio will be announced later.
Total amount of the first distribution: 10,890,000,000 BTT
Huobi Global will support BTT's holding reward plan. After receiving BTT holding rewards, Huobi Global will issue it proportionally to all users holding TRX at the time of the snapshot. The issuance rule is as follows:
BTT received by User A = 【BTT received by Huobi Global】*【Amount of TRX held by User A at the time of snapshot / Total amount of TRX held by Huobi Global at the time of snapshot】
The snapshot time and distribution details of the following holding reward plan will be noticed via announcement. In order to ensure that you can receive the BTT rewards in time, please deposit TRX to Huobi Global or Huobi Wallet in advance.
BitTorrent (BTT) following distribution timeline:
- March 11, 2019 — February 11, 2020
Amount of BTT distributed on the 11th of each month: 990,000,000
- March 11, 2020 — February 11, 2021
Amount of BTT distributed on the 11th of each month: 1,072,500,000
- March 11, 2021 — February 11, 2022
Amount of BTT distributed on the 11th of each month: 1,155,000,000
- March 11, 2022 — February 11, 2023
Amount of BTT distributed on the 11th of each month: 1,237,500,000
- March 11, 2023 — February 11, 2024
Amount of BTT distributed on the 11th of each month: 1,320,000,000
- March 11, 2024 — February 11, 2025
Amount of BTT distributed on the 11th of each month: 1,402,500,000
Official announcement of the BTT Holding Reward Plan: https://medium.com/bittorrent/bittorrent-foundation-unveils-more-details-regarding-bittorrent-btt-airdrops-for-tron-trx-8bbd194f8a87
Enjoy your trading!
January 23, 2019