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The first TTB airing by the Tron Foundation and BitTorrent Inc. was to distribute 1.1% of the total chip offer (990 billion). This meant that 10.89 billion BTT would be distributed immediately to TRX dealers. By using the value of the token at the time of the drop, there would be an influx of about 2,400 BTC of token in the cryptography markets.
Many traders had presented two token reaction scenarios in cryptography markets due to airdrops. First, the immediate influx of BTTs from the drop would lead to mbadive sales that would dilute the value of the token. The second scenario was that the encryption exchange and the distribution portfolios would take some time to process all parachute transactions. This would then create an opportunity for BTT to thrive in the markets as traders become more interested.
BTT continues to prosper
It is this last scenario that is played. BTT is currently valued at $ 0.00103, up 40% from the recent low of $ 0.0007329 recorded on the 10th of this month. In terms of Satoshi, the BTT went from 20 Sats to its current value of 29 Sats during the period mentioned.
BTT receipt delays from the air drop
As mentioned above, the distribution of 10.89 billion BTT on several stock exchanges and portfolios has created a bottleneck scenario in which some TRX holders have not received their tokens since the point of sale. departure. Justin Sun had previously asked TRX owners to check their portfolios for the air-dropped BTT. His words were as following.
We did the dropping so check your wallet and your account! Really appreciate the support of
#TRON and#BitTorrent community! See you in the air next month! The release for next month will be released soon!#TRX$TRX#BTT$BTT
However, with many TRX owners expressing concern that they will not receive their chips, Justin has since ensured that BTT airdrops are still being processed and the chips are on the way. This tweet can be found below.
The BitTorrent Foundation completed $ BTT Airdrop for $ TRX holders. If your chips are the subject of an exchange or portfolio supporting our drop program, they are on the way. Please be patient, it may take a little while considering the airdropped volume
– Justin Sun (@justinsuntron) February 12, 2019
What do you think of the resurgence of BTT technology in the cryptography markets? Will this momentum be repeated with each release for the next 6 years? Please share your comments in the section below.
Warning: This article is not meant to give financial advice. Any additional opinion in this document is purely that of the author and does not represent the opinion of Ethereum World News nor any of its other authors. Please do your own research before investing in one of the many available crypto-currencies. Thank you.
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