On June 12, 2020, BitTorrent Inc. announced the immediate discontinuation of their monthly BTT Airdrop to TRX holders. Medium article here. Bittrex Global customers will no longer receive their monthly distribution.
BitTorrent token (BTT) is a TRC-10 utility token on the TRON blockchain platform.
Bittrex Global will support the initial and monthly BitTorrent token (BTT) airdrop to TRON (TRX) holders.
10,890,000,000 BitTorrent tokens will be distributed as an airdrop to TRON (TRX) holders based on a snapshot of the TRX blockchain on February 11th, 2019 (estimate date). The block height of the snapshot is 6,600,000.
If you have a TRON (TRX) balance on Bittrex during the February 11, 2019 snapshot, you will be additionally credited the equivalent amount of BTT airdrop tokens on an approximate 1:0.11 basis. i.e. 1 TRX on Bittrex held during the on-exchange snapshot will get you approximately 0.11 BTT airdrop tokens. TRX held on orders will also be credited. Only the TRX held on your account is eligible for BTT airdrop tokens.
Note: Bittrex Global will be closing our TRX wallet to deposits and withdrawals. Bittrex Global may temporarily stop trading the TRX token to take accurate snapshots of balances around block 6,600,000. If any TRX deposits you had sent to Bittrex Global are not settled (i.e. marked as pending) by 6:00 PM PT, on 2/10/2019, you may not be credited with BTT. Users that have a balance of less than 100 TRX (approximately 11 BTT airdropped) will not be eligible for the initial BTT distribution.
The monthly BTT airdrop calculation is as follows:
Daily BTT generated by each user = Daily BTT generated by Bittrex * Daily User TRX holdings ratio1
1Daily user TRX holdings ratio = Daily User TRX holdings / Total TRX held on Bittrex
We will distribute the monthly tokens on or before the 15th of each month, or by the next business day. The tokens will be automatically credited to your Bittrex Global account.
The monthly distribution schedule is based on the original announcement.
Note: If any TRX deposits you had sent to Bittrex Global are not settled (i.e. marked as pending), you may not be eligible for the monthly BTT distribution. Users that have a daily balance of less than 100 TRX, or a distribution of less than 100 BTT will not be eligible for the monthly BTT distribution.
We would like to thank the TRON team for working closely with us.
UPDATE 2/11/2019: Reduce amount of TRX required to 100 TRX
UPDATE 6/13/2019: Set amount of BTT required for crediting to 100 BTT.
UPDATE 8/23/2019: Amended airdrop timing to the 15th of each month or the next business day.
UPDATE 7/7/2020: Bittrex Global's support of the BTT monthly airdrop has concluded per BitTorrent Inc. announcement