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Tron’s BitTorrent [BTT] ready for second airdrop; Tron [TRX] holders to receive 990,000,000 BTT

Namrata Shukla



Tron BitTorrent [BTT] prepares for the second round of aridrop; Tron [TRX] holders to receive 990,000,000 BTT
Source: Pixabay

BitTorrent has been riding the bull market following the huge community support provided to its newly launched BitTorrent Token [BTT]. To celebrate the success of the token, BitTorrent had decided to carry out airdrops worth 11,880,000,000 BTT for 12 months to Tron [TRX] holders. BitTorrent announced the second round of the airdrop recently, which will reward Tron [TRX] holders with 990,000,000 BTT.

This news was revealed via a Tweet by BitTorrent,

“Are you ready for our second #airdrop? ☄️ On March 11th at 00:00 UTC we will reward TRON $TRX holders with 990,000,000 $BTT. Learn more about our airdrop program, and the exchanges & wallets supporting it!”

BitTorrent also provided a list of wallets and exchanges where the airdrop will take place. The list includes prominent exchanges like Binance, OKEx, and Huobi and wallets like Trust Wallet and Tron Wallet.

The first airdrop on 11 February was followed by many fake exchanges asking users to exchange their TRX token with BTT tokens. Justin Sun, the CEO of Tron and BitTorrent, had warned the community that BitTorrent and Tron would never ask users to send any token in exchange for eventual airdrops.

Recently, BitTorrent also revealed three new incentive plans for BitTorrent and uTorrent users, partners and ecosystems. These programs were announced by BitTorrent to increase adoption of the token and included incentives for users, partners, and the clients using its protocol.

Under the user incentives, BitTorrent plans to educate its people about why it’s crucial to invite more investors and spur wider adoption. BitTorrent is also joining hands with wallets and exchanges supporting the BTT token for organizing regular airdrops and the program will allow their partners to receive BTT airdrops. Lastly, Ecosystem incentive will offer incentives to clients using its protocol, while promising to be the largest open-source P2P download protocol in the world.

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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.


Rabobank announces plans to drop its crypto-project

Sarvesh Kumar



Robobank to drop its plans of having their own crypto-wallet
Source: Pixabay

Rabobank, a bank based out of The Netherlands, has decided to drop their idea of creating their own native cryptocurrency called Rabobit. The bank had announced their cryptocurrency plans in February 2018. Rabobank was looking at closing the gap between banks and cryptocurrency wallets. However, they have taken this decision after exploring the field for more than a year.

According to a report by Hard Fork, a spokesperson from the bank said,

“After careful consideration with our customers in mind, we recently decided that now is not the time to develop the idea further and bring it to the next phase of innovation”

Their cryptocurrency idea was part of the Rabobank Moonshot program, which was looking at boosting innovation in Fintech services. The bank does not consider their research a waste, but the same has led to valuable insights and experience in general, the spokesperson added

The spokesperson also said,

“We have learned valuable lessons about our customers and the crypto market and on how to design blockchain and crypto applications.”

The spokesperson cited regulatory uncertainty as the reason why the Dutch institution pulled out of the project. Although the bank has dropped the idea, they will be keeping a tab on the market and the regulatory changes in the industry.

Rabobank is not the only bank to drop the idea of having a cryptocurrency wallet. Recently, ABN AMRO, another Dutch bank, also dropped their plans of “Wallie,” their own cryptocurrency wallet. The reason for their drop was also with respect to regulatory conditions in the industry.

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