BitTorrent token increases by 25% after airdrop

The BitTorrent token sees a price increase of no less than 25% after a token airdrop on February 12 at the time of writing.

During the airdrop, the Tron Foundation, the team behind TRON (TRX) and the Bittorrent token (BTT), handed out 10 billion BTT tokens to TRX owners. Justin Sun, CEO of TRON, says the plan was to take 48 hours for the airdrop, but they were ready within four hours.

We have sent out 10,856,613,707 #BTT to #TRX holders, which means 99.69% completion rate! We plan to finish the airdrop in 48 hours but it seems we have done it in 4 hours thanks to the fast speed of #TRON blockchain! #BitTorrent #TRON $TRX $BTT https://t.co/Kr5e1yFzJw

— Justin Sun (@justinsuntron) 11 februari 2019

This would be the first BTT airdrop in a series of monthly airdrops that will continue until 2025.

We have done the airdrop so please check your wallet&account! Really appreciate the support from #TRON and #BitTorrent community! See you in the airdrop next month! The airdrop for next month will soon be released! #TRX $TRX #BTT $BTT https://t.co/Kr5e1yFzJw

— Justin Sun (@justinsuntron) 12 februari 2019

At the time of writing, BTT’s price is $ 0.001060. That is an increase of 25% in the last 24 hours. TRX, on the other hand, dropped by about 2% in the same time frame

Furthermore, it was announced that one must beware of fake social media accounts claiming to be affiliated with BitTorrent or BTT.

On Tuesday, February 5, the price of BTT peaked at $ 0.0012 which was a price increase of nearly 900% due to the initial coin offering (ICO) held on Launchpad of cryptocurrency exchange Binance. The price then dropped again, but a week later the cryptocurrency seems to recover well from the decline.

Fetch.AI will hold such an ICO on February 25, also on Binance Launchpad.

BitTorrent was acquired by TRON last year.