BitTorrent (BTT) Price has surged with over 15 percent in the last 24 hours, following the company’s first airdrop. Justin Sun has announced the successful distribution of tokens.
BTT Price on the Move Again
In the last 24 hours, the price of BitTorrent Token (BTT) has surged with over 15 percent according to data from CoinMarketCap. The cryptocurrency is currently sitting at a value of $0.00095, which is roughly around eight times its initial ICO price.
As My Bitcoin News reported in late January, BitTorrent concluded its ICO in less than 15 minutes on Binance Launchpad, raising $7,128,000.
BTT’s First Successful Airdrop
The positive spike in BTT’s price follows the conclusion of the first successful Airdrop which saw 10,890,000,000 BitTorrent Tokens delivered to the TRON (TRX) community.
The amount corresponds to 1.1% of the total supply. Everyone with a balance greater than or equal to 1 TRX should receive BTT throughout the event.
According to the official release, if users have their TRX tokens on exchanges, they will have to wait for the exchanges to distribute the airdropped tokens. The ratio of the airdrop was 1 TRX = 0.1097 BTT.
Additionally, the announcement said that it may take up to 48 hours for users to receive the BTT because of the large amount which has to be distributed.
Those who’ve received BTT through the official airdrop will receive early access to the company’s new technology, including professional and ad-free products.
How high will BTT price go? Share your thoughts down below!
Charts credit to CoinMarketCap; Cover photo by Pixabay
