Justin Sun, Tron’s CEO and founder, used his Tweeter account recently to let the world know that a BitTorrent token (BTT) airdrop is about to happen for TRX holders who are also Trust Wallet users. This was his tweet:
“GOOD NEWS FOR #TRONICS, @TRUSTWALLETAPP WILL LAUNCH BITTORRENT TOKEN(#BTT) AIRDROP FOR #TRX HOLDERS. #TRON $TRX”
Let’s break the announcement down. In doing so we need a couple of questions answered: what is the BitTorrent Token? And what is the Trust Wallet? In this article, we will endeavor to explain to you the meaning in Mr. Sun’s announcement.
TRUST WALLET
We start with Trust Wallet. It’s a company based in San Francisco, California. As the name suggests, the main product it offers is a secure cryptocurrency wallet that supports several digital assets (Dash, TomoChain, Bitcoin Cash, Litecoin, Bitcoin, ICON, Callisto, Wanchain, Tron, VeChain, POA Network, GoChain, Ethereum Classic, and Ethereum) but puts a special emphasis in Ethereum derivative coins (all the alternative coins based on Ethereum’s ERC20 and ERC223 token technology). Security and anonymity are also important priorities for the wallet.
The wallet is available for use through the web but also as an app for both Android and iOS. A special feature in this platform is its seamless integration with Binance, which one of the world’s most important trade and exchange platforms. The project includes a decentralized application browser as well.
The relevant bit about this wallet is that it supports Tron. That’s probably the case because Tron used to be an ERC20 token until last June when it went independent and the swapping process for newly minted Tron tokens begun.
THE BITTORRENT TOKEN
And now for the BitTorrent token. As you may already know, the Tron Foundation bought BitTorrent a few months ago. Shortly thereafter, Tron announced Project Atlas which will merge the BitTorrent Network (the world’s largest decentralized network) into Tron’s blockchain. This will make Tron users out of all of the world’s BitTorrent users.
That’s not all. When Project Atlas comes online, users will be rewarded for seeding their content. How? By means of a new cryptocurrency, which is Tron-based (TRC10 technology) and that users will be able to trade for TRX at Tron’s decentralized exchanges. That token is called BitTorrent Token.
So this is what Mr. Sun’s announcement actually means: if you are using Trust Wallet and you have some TRX tokens stored in there, then you’re going to get a few BitTorrent tokens in an upcoming airdrop. An airdrop is, basically, a free sample of digital currency. BTT in this case. No dates were announced, to be sure
Trust wallet also issued an airdrop announcement which was much more detailed than Mr. Sun’s (and that you can find here: https://trustwallet.com/blog/bittorrent-airdrop-supported-by-trust-wallet), but this post doesn’t offer any details about timing either.
As usual, Tron and Mr. Sun are deploying some very interesting marketing strategies, and this time Trust Wallet is assisting them. And it must be said that Tron’s marketing usually works very well. That’s how TRX went from 11th to 9th by market capitalization over the last few weeks, as the rest of the market keeps shrinking and losing value.
So now you know. Would you like to know how it feels to hold a few BTT? Well, get a Trust Wallet, buy a few Tron (TRX). Then just sit and wait!
Image courtesy of Defense.gov