Primary BTT airdrop by BitTorrent Inc. and the Tron Foundation was planned to hand out 1.1 percent of the total token supply of 990 Billion. This signifies an astonishing 10.89 Billion BTT was going to be disseminated at once to holders of the native token of TRON ecosystem-TRX. There was going to be an arrival of roughly 2,400 Bitcoin worth of the token in the cryptocurrency markets, using the value of the token at the time of the airdrop.
Numerous traders had put forward 2 scenarios for the token’s reaction in the cryptocurrency and digital asset markets due to the airdrop. Firstly, the instantaneous entry of BTT from the airdrop would lead to enormous selling that would attenuate the value of the token. The second scenario was that cryptocurrency wallets and exchanges accountable for the distribution would take some time dealing out all the transactions associated with the airdrop. Subsequently, this would generate a prospect for BTT to flourish in the markets as attention grew from traders.
It is the second situation that played out. It is to be noted that BTT is presently valued at $0.000983 significantly better from its recent low of around $0.0007329 witnessed on the 10th of this month. In terms of Satoshi, BTT has considerably increased from 20 Satoshis to its current value of 29 Satoshis in the mentioned time period.
Furthermore, the distribution of the aforementioned 10.89 Billion BTT across multiple wallets and exchanges has resulted in a holdup state of affairs where some holders of TRX have not yet received their tokens from the airdrop. TRON founder, Justin Sun had previously asked holders of TRX to test out their wallets for the airdropped BTT.
Nevertheless, due to multiple TRX holders showing concerns about not being paid their tokens, Justin has since guaranteed that the BTT airdrop is still being processed. He further assured that the tokens are on their way.