While checking out a couple of my backup wallets I noticed in Atomic Wallet's staking section - at the bottom there were two coins that instead of having a yearly yield had "Airdrop" listed next to them. I had completely forgotten about the BitTorrent Token (BTT)/WINk (WIN) monthly airdrops Tron (TRX) was doing. So I decided to make a quick awareness post and step-by-step guide for those who haven't heard about this airdrop - because every month, just for HODLing your TRX you'll be receiving BTT/WIN for free. What's better than free?
What's an Airdrop?
An Airdrop is a distribution of some form of Crypto to multiple wallet addresses. Most of the time Airdrops are done to gain notoriety or attention for a newly released coin/token. On occasion they're done during 'forks' (such as the case when Bitcoin Cash and Bitcoin SV were airdropped to holders of BTC) or to increase decentralization.
In this case it's likely being done for marketing purposes.
What is BitTorrent Token and WINk?
BitTorrent Token (BTT) was created in early 2019. It is a TRC-10 utility token (similar to ERC-20 utility tokens, more on ERC-20 here). BTT can be used to bid for faster download times or stored in the wallet built into the BitTorrent client. I think the major reason for BTT being created was to incentivize users of µTorrent to seed torrents after downloading as you can earn BTT by seeding torrents. Which is pretty smart to me, I remember using torrent clients back in the day and just being so upset nobody would seed what I wanted.
Details of the Airdrops
The first airdrop of BTT was scheduled for February 11 of 2019, at which point 10,890,000,000 ($2,635,380) was airdropped to all wallets holding TRX.
Since then on the 11th of each month tokens are being airdropped to all addresses with 100 TRX or more. Each year the monthly airdrop amounts will increase as follows (for a total aidrop amount of 99,990,000,000 BTT [$24,097,590.00]) -
- 3/11/2019 - 2/11/2020 : 990,000,000 BTT to be airdropped on 11th of each mont
- 3/11/2020 - 2/11/2021 : 1,072,500,000 BTT airdropped on the 11th of each month
- 3/11/2021 - 2/11/2022 : 1,155,000,000 BTT airdropped on the 11th of each month
- 3/11/2022 - 2/11/2023 : 1,237,500,000 BTT airdropped on the 11th of each month
- 3/11/2023 - 2/11/2024 : 1,320,000,000 BTT airdropped on the 11th of each month
The first airdrop of WIN was scheduled for August 28 of 2019 for a total of 10,989,000,000 ($956,043).
Since then on the 28th of each month tokens are being airdropped to all addresses with 100 TRX or more. Each year the monthly airdrop amounts will increase as follows (for a total airdrop amount of 49,950,000,000 WIN [$4,345,650.00]) -
- 9/28/2019 - 8/28/2020 : 999,000,000 WIN airdropped on the 28th of each month
- 9/28/2020 - 8/28/2021 : 1,082,250,000 WIN airdropped on the 28th of each month
- 9/28/2021 - 8/28/2022 : 1,165,500,000 WIN airdropped on the 28th of each month
How much will I make?
According to Atomic Wallet the amount of BTT and WIN you will get for holding your TRX in your wallet looks to be about 1.1% of the total amount of TRX in your wallet. So if you have 1,000 TRX you'll get 11 WIN and 11 BTT per month. Which is definitely nothing to write home about based on current market price but you can also stake your TRX for a 5% yearly return and that 11 WIN/BTT comes in every month for doing basically nothing.
Now onto the actual step-by-step guide
Step 1: Wallet
For this article I chose to use Atomic Wallet, but a full list of wallets/exchanges that qualify for the monthly airdrop are as follows -
Huobi, Binance, Ledger, Freewallet, TrustWallet, Atomic Wallet, CoinTiger, WazirX, FCoin, OKEx, Gate.io, Bibox, Bitpie, CoinEx, Bithumb, Cobo, MBAEx, Math Wallet, Bitbns, DragonEX, BitForex, Ellipal Wallet, TOKENOMY, COINEGG, Vena Protocol, Bitrue, Tronscan.org, UPbit, Livecoin, KOINEX, Bit-Z, MXC, INDODAX, HitBTC, Coinw, Bitfinex, Bitexbook, Coinsuper, SWFT Blockchain, Freewallet, TronLink
Step 2: Purchase Tron
I already had some Crypto I no longer wanted to HODL (I'm looking at you Bitcoin Cash, I'm very disappointed). So I transferred a small amount to my Atomic Wallet and exchanged it using their Atomic Swap feature which is by the way, extremely easy. Don't be concerned if your funds disappear for a moment, Atomic Wallet is just taking them to an exchange and swapping them over for you. There is a fee charged for doing this but I'm very lazy so I'm willing to pay it.
Step 3: HODL the Line!
That's it! Once you hold the TRX in your account you now qualify for the monthly airdrop. It may take 2-3 days after the airdrop date for the BTT/WIN to show up in your wallet. Nice and simple though. You can also choose to stake your TRX in Atomic Wallet if you want to earn a little extra. Yearly rewards are currently estimated at 5%, which is a nice addition to the monthly airdrop rewards.
Just wanted to share this because if I forgot about these monthly airdrops I'm sure someone else did too. Seems like a nice way to gain a little extra money for just holding your TRX.
Thanks for following, tipping and liking the post. :)
If you liked this post you may like my previous one about Staking Loopring (LRC) Just Got A LOT Easier! Step by Step Guide.