Huobi Group, the Singapore-based company that encompasses cryptocurrency exchange Huobi Global, mining firm Huobi Pool, and crypto custody service Huobi Wallet, has announced that it will support TRON’s upcoming airdrop of BitTorrent Tokens (BTT.)
Huobi Wallet users who have more than 500 more TRX tokens (worth $0.026 at press time) in their Huobi Wallets will also receive a bonus share of an additional 200,000 TRON (TRX) tokens and 22,000 BTT.
#Huobi Global will support #BTT #airdrop to #TRON (TRX) Holders. #Deposit your #TRX tokens before block height 6,600,000 on the #TRON blockchain (estimated to occur on 11 Feb) to receive your BTT airdrop!
For more information visit: https://t.co/4sWiQX7Xx9 pic.twitter.com/CNsKBzWEv4
— Huobi Global (@HuobiGlobal) January 22, 2019
Huobi is Eager to Please Justin Sun and the TRON Community
Huobi Global will snapshot exchange users’ TRX balances at the confirmation of the 6,600,000th block on the TRON blockchain, which is estimated to take place sometime on February 11. Then, the token distribution will happen over the course of several airdrops that will take place from February 11-18.
The decision to support the airdrop is a signal that Huobi is keen on forming and maintaining a positive relationship with TRON and its famed entrepreneurial founder, Justin Sun. “We’re excited to see what Justin Sun and his team have in store for BTT and we’re happy to play a part in its rollout,” said Huobi Global CEO Livio Weng, in an official announcement.
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— BitTorrent Inc. (@BitTorrent) January 23, 2019
TRON’s “Project Atlas” Moves Forward
Plans that BitTorrent would be launching its own cryptocurrency were originally announced on Thursday, January 3rd, 2019. The new coin, simply called ‘BitTorrent Token’ (BTT) will be used as a tool to incentivize actions that support peer-to-peer filesharing on the BitTorrent network.
For example, users who download files from BitTorrent can then become “seeders”–they can users their own computer as a sort of node that will support other users who wish to download the same file. Previous to the creation of BTT, there was no incentive to do this other than good karma. Now, however, users who allow themselves to be used as “seeds” will be rewarded with BTT.
Today we unveil our new token BitTorrent $BTT which features native TRC-10 compatibility and will be exclusively available to non-U.S. accounts on #BinanceLaunchpad, the token sale platform by leading cryptocurrency exchange @binance! ? More info below https://t.co/iNx26vwOwI pic.twitter.com/hssMXAFSXp
— BitTorrent Inc. (@BitTorrent) January 3, 2019
TRON originally acquired BitTorrent in September of 2018. Shortly after the acquisition, TRON announced “Project Atlas,” a plan to create a content-sharing ecosystem that would integrate with BitTorrent.
TRON CEO Justin Sun sees the culmination of the project as an important step forward in global blockchain adoption. “In one giant leap,” he said, “we can introduce blockchain to hundreds of millions of users around the world and empower a new generation of content creators with the tools to distribute their content directly to others on the web.”