Tron prepares for a 9,000,000 TRX airdrop, BitTorrent becomes a network Super Representative


Tron is up by some 6.69% following its listing on Line’s Bitbox exchange and now the cryptocurrency project has now announced a 9,000,000 TRX airdrop that will become available to users up until the 22nd of August.

The move is set to celeb ate the announcement, which comes amidst the fact that Tron’s TRX tokens will be the first cryptocurrency listed on Bitbox itself.

Bitbox has clarified that the first 2,000 new signups on the service (registering between the 15th of August at 01:00:00 UTC to the 22nd of August at 00:59:59 UTC) will receive 2,000 TRX on a first-come-first-served basis.

Traders depositing up to 50,000 TRX will be able to earn up to 2% daily on their deposits during this period, and winners for the event will similarly be chosen on a first-come, first-serve basis.

Further, Bitbox has announced that traders will further be able to earn 2% on all TRX trades, up 600,000 TRX’s worth of trade volume.

BitTorrent becomes a Super Representative

The news comes adjunct to the fact that like Tron CEO Justin Sun, BitTorrent has now been elected a network Super Representative, having surpassed the 100 million votes needed to win the network’s elections.

In response, Joe Joyce, director of engineering at BitTorrent, offered that “I want to thank the TRON voting community for electing BitTorrent as a super representative. Everyone here is really excited about being an SR, and we really look forward to working with the other SRs to ensure the future of a decentralized internet.”

Tron Super Representatives serve as key network nodes that validate transactions and create new blocks.

BitTorrent was acquired by Tron CEO Justin Sun earlier this year for a whopping $140 million USD.

At press time, Tron is up by 6.69% and presently trades at $0.020806 USD.

Related Articles

Should Beijing look at its crypto ban? A former bank member believes so

A former member of the Monetary Policy Committee at the People’s Bank of China believes the ban on China should be reconsidered.

United Kingdom riddled with crypto scams

Owing to the lack of regulation and restriction in the United Kingdom, fraudulent companies have been flocking to the country.

US lawmakers seek answers from Silvergate about FTX link

United States senators have requested information from Silvergate Capital regarding the firm's association with FTX.

Bitcoin value in Nigeria surges as cash-free society initiative expands

The adoption rate of cryptocurrency in Nigeria hits new highs and the price of Bitcoin has hit a more than 60% premium.

See All