BitTorrent Foundation, headed by Justin Sun, announced the completion of its fourth BTT airdrop for Tron [TRX] holders. Sun had acquired BitTorrent in 2018, after which it released BitTorrent token was launched on the Tron network. In order to promote the coin within the Tron community, BTT airdrop for TRX holders was announced in February and has successfully completed its fourth round.
BitTorrent’s official Twitter handle tweeted about this and said:
“The 4th #BTT Airdrop on May 11 is finished! Snapshot height on 12:00:00AM May 11, 2019 UTC: block #9123823 was produced at this time with the time stamp 1557532800000. Final airdrop ratio $TRX/ $BTT: 100.29508099679671. Thank you for the support! Next one will be on June 11.”
The cryptocurrency market noted a rise in the price of most cryptocurrencies; however, the performance of Tron [TRX] and its cousin BTT has been below expectation. However, Justin Sun had announced that Tron will make its way back in the top 10 by June and that BitTorrent will be in the top 30 by Q2.
“#TRON will be back to Top 10 in June! #BitTorrent will be Top 30 in Q2! Let’s wait and see! #BTT $BTT $TRX #TRX”
Sun might have something planned for the two coins, but at press time, Tron lies on the 11th position and BTT lies in the 50th position on CoinMarketCap list.
At press time, BitTorrent token [BTT] was valued a t$0.0006 with a market cap of $142 million. The 24-hour trading volume of the coin was noted to be $31 million as it noted a growth of 1.70% over the past day. In the past seven days, BTT managed to grow by 7.36%, but it fell by a mere 0.44% in an hour.
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Bitcoin’s censorship resistance, freedom make it a game changer in the economic industry
Over the years, the global economic industry has witnessed significant changes. However, no change has been more significant or essential than the one introduced by the concept of virtual assets or Bitcoin. Today, Bitcoin and other virtual currencies are almost as essential as fiat money and despite the fact that digital assets have not reached worldwide adoption, the pace of growth has been substantial.
In a recent panel discussion, Jedidiah Taylor, CEO and Founder of Decent.Bet, the smart contract-based sports betting platform, stated that the idea of Bitcoin and blockchain technology projected a perspective of freedom and honesty which allowed individuals to have direct control over their own capital, without any oversight supervision from financial institutions.
The sentiment was followed by Nico De Jonghe, Founder and CEO of NDJ Investment Group, who added that the threat of decentralized assets loomed the largest over centralized institutions like banks, who were worried of the future prospects offered by Bitcoin and its impact on the long-term financial situation.
Tone Vays, a reputable analyst and Bitcoin proponent, opined and stated that Bitcoin’s biggest strength was the fact that it was completely “unconfiscatable” and that one’s BTC is completely safe if it is protected and secured with attention. The characteristic of censorship-resistant value transfer is also an absolute game-changer for Bitcoin, allowing it to competitively exist in the financial system.
The value of Bitcoin has often been criticized in the past, but its valuation has consistently proven its worth. In fact, Bitcoin has grown by more than 150 percent in 2019.
At press time, Bitcoin was priced at $11,371, with a market capitalization of over $202.18 billion. The staggering valuation of an asset that was unheard of 10 years ago, further underlines the potential of Bitcoin in the current market scenario and for the future economies.
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