Jan 23, 2019   SOURCE: PR NewsWire

Huobi Group Will Support BitTorrent (BTT) Airdrop

SINGAPORE, Jan. 23, 2019 /PRNewswire/ -- Huobi Global, Huobi Group's flagship global cryptocurrency exchange, Huobi Pool, its mining arm, and Huobi Wallet, its professional multi-currency wallet, will support the launch of BitTorrent's BTT token and its upcoming airdrop to Tron (TRX) holders. To mark this occasion, Huobi Wallet will also initiate two rounds of airdrops to its own Tron holders.

"Supporting this airdrop was an easy decision for our exchange and is just one more way we support our community," said Livio Weng, CEO of Huobi Global. "We're excited to see what Justin Sun and his team have in store for BTT and we're happy to play a part in its rollout."

"Tron is arguably the most promising and fastest growing blockchain in the world. With the launch of BitTorrent tokens, the sky is the limit for Tron, and Huobi Wallet is proud to be part of the Tron community. It was a hands down decision for us at Huobi Wallet to support BTT, and as a special thank you to our users, we've also initiated a bonus airdrop campaign to celebrate the grand launch," said Will Huang, General Manager of Huobi Wallet.

In addition to the BTT from BitTorrent Foundation, Huobi Wallet will distribute 200,000 TRX and 22,000 BTT from Huobi's own holdings to wallet users with 500 or more TRX in their addresses. The distribution will be done over the course of several airdrops between February 11 -18, 2019.

Huobi Global will snapshot the TRX balances of exchange users at block height 6,600,000 of the TRON blockchain, which is estimated to occur around February 11, 2019 (GMT+8).

    --  For Main Exchange Accounts: BTT will be issued after taking a snapshot
        of the number of TRX held by the accounts.
    --  For HB10 holders: BTT will be issued to HB10 holders according to their
        proportion of TRX of their HB10 shares.
    --  Margin Accounts: BTT will be issued according to the number of
        snapshotted TRX. If the Margin user has borrowed TRX that has not been
        repaid, the unpaid amount is deducted from the total TRX amount of the
        users when the snapshot is taken (e.g., A user has borrowed 1,000 TRX
        and hasn't repaid it. When the snapshot is taken, the user has X TRX in
        his/her account. Then the number of snapshotted TRX holdings is counted
        as X - 1,000).
    --  Huobi Wallet and Huobi Mining Pool will also support the BTT airdrop. As
        long as TRX balances are stored in Huobi Wallet, the corresponding BTT
        airdrop will be automatically obtained.

About Huobi Group:
Consisting of ten upstream and downstream enterprises, Huobi Group is the world's leading blockchain company. Established in 2013, Huobi Group's accumulative turnover exceeds US $1 trillion. It proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 130+ countries. For more info, please visit www.hbg.com

For enquiries please contact:

Jiayi Li
+65-67220929
media@huobi.com

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SOURCE Huobi Group