Tron founder and CEO, Justin Sun never fails to blow the trumpet in notifying the public of any achievement made by his network, a closer look will reveal his intentions for every publication. Mr. Sun just tweeted to announce that 10 Billion BTT tokens have been transferred to thousands of TRX account holders, in just four hours.
The CEO is indirectly telling the public how efficient the BitTorrent is, to process a transaction which would normally be done in 48 hours within 4 hours. BitTorrent is a blockchain powered communication protocol operating in Tron network, which enables peer-2-peer transfer of electronic files and high-speed download of data on the internet.
During the BitTorrent [BTT] Initial Coin Offering, the team made an announcement that they would distribute BTT token to Tron TRX holders. The announcement states that the BitTorrent Foundation would initiate the first airdrop of 10,890,000,000 BTT which represents 1.1% of the total supply.
In the following twelve months, 11.88 billion BTT would be transferred to TRX holders which would bring the total supply to 1.2%. This percentage is expected to increase by 0.1% per year until 2025 when it will reach 1.7% equivalent of 1.4 billion tokens per month.
“To reward TRON’s long-time TRX holders, the BitTorrent Foundation also plans to airdrop additional 99,990,000,000 BTT, during online and offline events, corresponding to 10.1% of the total circulating supply.”
Mr. Sun tweeted again a few hours after the announcement to reassure the TRX holders who haven’t received their BTT that there was no cause for alarm.
Tron CEO has never failed in any of his promises, just like he didn’t fail TRX holders this time. The distribution and allocation of BitTorrent BTT were according to what was stated in the BitTorrent whitepaper.
Source: Read Full Article