After the Bittorrent public sale sold out in minutes, Justin Sun caused quite a hype when announcing the Bittorrent airdrop.
The crypto giveaways will continue on a monthly basis for the upcoming years. Good news right?
Airdrop hunters have a bad reputation of collecting freebies to sell immediately. Does the Bittorrent airdrop prove the opposite?
Bittorent price surge
The BitTorrent token sees a price increase of no less than 25% after a token airdrop on February 12.
During the airdrop, the Tron Foundation, the team behind TRON (TRX) and the Bittorrent token (BTT), handed out 10 billion BTT tokens to TRX owners. Justin Sun, CEO of TRON, says the plan was to take 48 hours for the airdrop, but they were ready within four hours.
This would be the first BTT airdrop in a series of monthly airdrops that will continue until 2025.
Furthermore, it was announced that one must beware of fake social media accounts claiming to be affiliated with BitTorrent or BTT. Make sure you follow the legit airdrop announcers.
On Tuesday, February 5, the price of BTT peaked at $ 0.0012 which was a price increase of nearly 900% due to the initial coin offering (ICO) held on Launchpad of cryptocurrency exchange Binance. The price then dropped again, but a week later the cryptocurrency seems to recover well from the decline.
Airdrops for community building
I am not one to believe that airdrops have a direct impact on the price of a coin or token. Instead I believe airdrops are a vital tool for building communities. Every projects need to create a sizable and engaged social media channels to show proof of community.
Bittorrent Twitter has 71,000 followers, while their Telegram has 64,000 members.
Weather the price of the token goes up or down after an airdrop distribution, the community that stays intact is what matters!
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