In the letter:
- The BitTorrent team has announced an end to BTT air drops for Tron (TRX) owners.
- A total of 16 airdrops were performed to incentivize the use of BitTorrent Speed.
- The BitTorrent team defined the incentive program as a success.
- The remaining BTT will be reserved as a reward for the BitTorrent community to encourage participation in distributed file saving, seeding and transferring activities.
The BitTorrent team has announced an end to BTT air drops for Tron (TRX) owners. The team explained that the only purpose of the Airdrops was to motivate TRX holders to use BTT to improve download and upload speeds using BitTorrent Speed, BTFS, and the BitTorrent protocol.
The BitTorrent team further clarified that their goal was being achieved and defined it as a success as BitTorrent Speed had over 12 million active users. Therefore, BTT air drops are discontinued with immediate effect. Below is a tweet from the BitTorrent team making the announcement.
📩 Announcement of the end of BTT air drops to TRX owners
The BitTorrent Foundation reserves any remaining $ BTT as a reward for the BitTorrent community to encourage their participation in distributed file storage, seeding, and transferring activities.
– BitTorrent Inc. (@BitTorrent) June 13, 2020
The 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 reserved for air drops. The exact figure was 99.99 billion BTT.
At the time of this writing, 25.987 billion BTT has been dropped to Tron (TRX) owners by 16 successful air drops to date.
The remaining 74 billion will be reserved as a reward for the BitTorrent community to encourage their participation in distributed file storage, seeding and transferring activities. More details will be provided by the BitTorrent team in the near future.
The reaction of the Tron community
The announcement of an abrupt end to BTT air drops for Tron owners met with a mix of reactions, and many TRX investors welcomed the idea. Others saw it was going too fast without notifying the TRX owners. Below are some of the reactions from the Tron community on Twitter.
Hahahahaha – @ LuckVoltia777
Wow guys, how you can pull the rug out from under your investors! – @shanghaipreneur
I am okay with this change. – @DenisCpoker
Fix the version of Windows that isn’t distributing well – @kiranvormaoo
wtf – @Tsxbo
I think this is good news for you #BTTand it will have a positive impact on the value. – @cryptoplanCH