BitTorrent Token (BTT) will be listed on one of South Korea’s major cryptocurrency exchanges - Bithumb. To commemorate the event, Justin Sun revealed that there will be an airdrop of 100 million BTT. The price, however, has failed to react.
BTT Bithumb Listing
Bithumb is one of the major cryptocurrency exchanges in South Korea. In fact, earlier this year, the country’s Internet & Security Agency (KISA) granted a very important certification to the exchange.
This is required because Bithumb earns more than $8.99 million per year and, as such, it is legally required to acquire the certification in question.
Today, Justin Sun, founder of TRON Foundation and owner of BitTorrent, said that BTT Bithumb listing will happen today.
According to the official blog post, there is also going to be an airdrop of 100 million BTT which will happen from February 19th to February 21st.
BTT Price Fails to React
Major cryptocurrency exchange listings are usually considered to be a precursor for the price going up.
However, BTT has remained fairly still throughout the last few days, marking slight gains of around two percent.
According to data from CoinMarketCap, BTT is trading at $0.000934 and has increased with around 2.3 percent for the last 24 hours.
This is despite the weekend state-wide rally which saw a lot of cryptocurrencies surge in price. As My Bitcoin News reported yesterday, Bitcoin (BTC) saw an increase of about 8 percent.
Do you think BTT price has found equilibrium at this range? Share your thoughts down below!