BitTorrent (BTT) Airdrops to Tron (TRX) Holders

The team at BitTorrent has announced an end to BTT airdrops to Tron (TRX) holders.
A total of 16 Airdrops have been carried out to incentivize the use of BitTorrent Speed.
The team at BitTorrent has defined the incentive program as a success.

BitTorrent (BTT) Airdrops to Tron (TRX) Holders

The remaining BTT will be reserved as rewards for the BitTorrent community to encourage participation in distributed file storage, seeding, and transmission activities.
The BitTorrent team has announced an end to BTT airdrops to Tron (TRX) holders. The team explained that the sole purpose of the airdrops was to incentivize TRX holders to use BTT to improve download and upload speeds using BitTorrent Speed, BTFS, and the BitTorrent Protocol.

The team at BitTorrent further clarified that their goal had been met and defined it as a success as a result of BitTorrent Speed enjoying over 12 million active users. Therefore, BTT airdrops will be discontinued effective immediately. Below is a Tweet from the BitTorrent team making the announcement.

Remaining 74 Billion BTT will be Reserved for the BitTorrent Community
After a successful IEO on the Binance Launchpad in early 2019, approximately 10% of the total supply of 990 Billion BTT was set aside for airdrops. The exact number was 99.99 Billion BTT.

At the time of writing this, 25.987 Billion BTT has so far been airdropped to Tron (TRX) holders through 16 successful airdrops.

The remaining 74 Billion will be reserved as rewards for the BitTorrent community to encourage their participation in distributed file storage, seeding, and transmission activities.  Further details will be provided in the near future by the team at BitTorrent.

Tron’s TRX fell by 2.64% on Sunday. Reversing a 1.62% gain from Saturday, Tron’s TRX ended the week down by 10.78% to $0.016223.

It was a mixed start to the day. Tron’s TRX rose to an early morning intraday high $0.016678 before hitting reverse.

Falling short of the first major resistance level at $0.01688, Tron’s TRX slid to a mid-afternoon intraday low $0.015953.

Tron’s TRX fell through the first major support level at $0.01634 and the second major support level at $0.01598.

Finding late support, Tron’s TRX briefly recovered to 0.01636 levels before revisiting sub-$0.016 levels.

Falling back through the first major support level, Tron’s TRX found support at the second major support level late on.

At the time of writing, Tron’s TRX was down by 2.56% to $0.015807. A bearish start to the day saw Tron’s TRX slide from an early morning high $0.016080 to a low $0.015765.

Tron’s TRX would need to move through to $0.01628 levels to support a run at the first major resistance level at $0.01662.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the first major support level at $0.01589.

Barring a broad-based crypto rally, resistance at $0.016 would likely leave Tron’s TRX short of the first major resistance level.

Failure to move through the $0.01628 pivot would bring the second major support level at $0.01556 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the third major support level at $0.01483.