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Justin Sun Announces Giveaway To Celebrate the Success Of BTT and TRX/USTD Partnership

The CEO of Tron, in an effort to kick off the next altcoin season, has just announced in a tweet that they will be conducting a giveaway, for a ‘global appreciation campaign,’ where, he claims, that 20 million USD in cash will be airdropped. The announcement also speaks about giving away a free Tesla automobile. Sun, in his tweet, says that the upcoming giveaway is a response to the success of the BitTorrent Token (BTT) and the recent Tron (TRX)/Tether (USDT) partnership.

In order to be eligible for the win, users will have to follow Sun on Twitter and retweet the giveaway announcement anytime before March 27, 18:00 GMT.

The general consensus is that this giveaway along with following the addition of the BitTorrent Token (BTT) and a high-volume stablecoin like Tether (USDT) to the Tron platform should help in spreading awareness about the adoption of the platform. BTT is trading on almost 30 unique exchanges since its launch in the market at the beginning of February of this year through the Binance Launchpad. The token is largely speculative at this phase of its progression but is meant to be used as a native utility token on the already existing peer-to-peer BitTorrent network. This inclusion of a stablecoin on the TRON network should help users to conduct transactions between TRX, BTT, and other major cryptocurrencies. Tether (USDT) is the highest-volume and longest standing stablecoin in the cryptocurrency market, whose value is pegged to the USD and is most frequently used on exchanges to move funds between different currencies without losing much value due to the high market volatility.

It would seem a bit premature at this stage for Justin Sun to claim that the integration of BTT and USDT is already a success. However, it may the case that this giveaway is to be used as advertisement and publicity for TRON and its recent updates.

As no official announcement has been made of yet, it is only obvious that interested users will have to apply their discretion when it comes to this initiative, as Twitter has been known to be rife with imposter accounts mimicking popular cryptocurrency personalities.