Founder and CEO of Tron Foundation, Justin Sun, has made it official that the token sale of BTT was concluded in less than 15 minutes. There were also some disappointments like Moheb, who tried to buy them and failed thus leading to venting his unhappiness over the public sale. Despite the restrictions, the sale of token concluded within minutes as some have doubted the process terming it as shady.
Launchpad
Binance was used as a launch pad and started selling the BitTorrent token at 3.00 P.M. UTC. There were two sessions of token sale that happened simultaneously in respect of BNB and TRX. The company has capped the maximum contributed amount as $20,000 while the minimum amount was $12. While one BTT is equal to 0.00001824 in respect of BNB with the US$ 6.58 as price, one BTT is equal to 0.00447261 respect of TRX with US$0.02683 as the price.
In a tweet, Justin Sun indicated that:
“In the BNB session, all 23.76 billion BTT were sold to token sale participants within 13 minutes and 25 seconds. Meanwhile, in the TRON session, all 35.64 billion BTT were sold within 14 minutes and 41 seconds.”
A tweet from Anderson Vasconcelos indicated that there could have been a better limit per user since only 900 people own the token. There were some people who wanted clarifications since there were continuous captcha errors. In fact, questions were raised about the trustworthiness of the initial coin offerings (ICO), and Samy El Orfi does not want to trust anymore.
It is official: In the BNB session, all 23.76 billion BTT were sold to token sale participants within 13 minutes and 25 seconds. Meanwhile, in the TRON session, all 35.64 billion BTT were sold within 14 minutes and 41 seconds. #BTT $BTT #BitTorrent #TRON https://t.co/C1dqxRkO2l
— Justin Sun (@justinsuntron) January 28, 2019
Upcoming Airdrops
It was quite evident that some people were not happy and that they are waiting for the airdrops on February 11. On that day, it would commence its first airdrop to Tron or TRX holders. The foundation disclosed that once the block height reaches 6.6 million, the snapshot would be taken. The first airdrop will represent about 1.1 percent of all-out circling supply. The foundation also indicated that for long-term holders, the foundation intends to airdrop an additional 99.99 billion BTT during the offline and online events in respect of 10.1 percent of all-out circling supply.
There are two conditions for qualifying to get airdrop. For instance, there should be some amount of holding of TRX and that each wallet on the system would become eligible for airdrops to the extent of their holding. There are no minimum criteria to get the BTT airdrops. The second is that holders should ensure that TRX lays in the wallet that is approved by it officially. The second airdrop could happen anytime between March 11, 2019, and February 11, 2021.
The List of Exchanges
We also made the full list of exchanges which will support the upcoming BitTorrent Airdrop for TRX holders: See all information and the full list here:
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