Explanation of airdrop for virtual currency TRON (TRX) holders supported by BITPoint
There are increasing opportunities for airdrop to record the holding balance of virtual currency (cryptographic assets) and distribute new tokens. The situation is that we are responding in a timely manner when airdrops occur in virtual currencies that are also handled by domestic crypto asset exchange companies. Recently, BITPoint has started to support airdrops for TRON (TRX) holders. Here, we will explain in detail about BITPoint's airdrop project.
What is airdrop?
Airdrop literally translates to airdrop, which here means "free distribution of tokens." It is one of the marketing measures of the virtual currency project that the balance is recorded at the specified timing (called "take snapshot") and new tokens are distributed at the specified rate.
A typical example is the airdrop of the virtual currency "Stellar Rumen (XLM)". This is the distribution of XLM to Bitcoin holders by the Stella Development Foundation (SDF), the issuer of the Stella blockchain, in June 2017. After starting handling XLM, Coincheck distributed about 28 million XLM (equivalent to about 240 million yen) to Bitcoin holders from the records at that time.
Recently, BOBA tokens have been airdropped to OMG holders. GMO Coin records the user's OMG balance, and the BOBA distribution itself is carried out after waiting for a handling review. It is difficult for domestic cryptocurrency exchanges to respond to airdrops immediately, and the current situation is that token distribution is delayed to some extent.
BITPoint airdrop
Now, I would like to introduce APENFT (NFT) airdrop support for TRON (TRX) holders. This is a cryptocurrency project called APENFT that airdrops governance tokens (NFTs) to TRX holders, and a snapshot (21 Japan time) on the 10th of every month until June 10, 2023 (Saturday). : 00) will be implemented.
BITPoint, which handles TRX, also corresponds to this. You can get the right to acquire APENFT by holding 100 TRX or more in your BITPoint account at the time of snapshot. However, the response policy for NFT distribution of BITPoint has not been decided yet, and it seems that there is a possibility of granting money equivalent to the value of NFT.
For owners of virtual currency TRON (TRX)
Cryptocurrency TRX is a native token that functions as a gas for the TRON (TRON) blockchain. Due to the smart contract function, various decentralized applications (dApps) such as DeFi and NFT market are deployed on the TRON Token Development.
What is APENFT (NFT)?
APENFT (NFT) is one of the projects deployed on such TRON blockchain. Its mission is to bring world-class works of art to the blockchain development as an NFT, fostering artists, planning art exhibitions and publications, establishing awards to support the creation and criticism of art, establishing art collections, etc. It's an organization. Governance Token (NFT) holders can vote for APENFT operations and own ownership of NFTs purchased by APENFT.
"BITPoint" is a virtual currency exchange operated by BITPoint Japan Co., Ltd. BITPoint handles 10 types of virtual currencies and can be bought and sold using sales offices and exchanges. Among them, there are famous coins such as Adacoin and Jasmy that can only be purchased by the company in Japan, which are attracting attention. Various services such as instant deposit of Japanese yen, cash trading, and deposit / withdrawal of virtual currency can be used free of charge, so it is a recommended virtual currency exchange for those who want to start investing in virtual currency from now on.
Summary
APENFT (NFT) airdrops can also be received by depositing TRX at an overseas cryptocurrency exchange or preparing your own wallet. However, these methods carry other risks, such as counterparty risk and operational errors.
With BITPoint's response policy, domestic users can now participate in airdrop events with peace of mind. Even if it takes a long time due to the handling examination, it is convenient because it will respond in the form of distribution of APENFT (NFT) or granting money equivalent to the value. Those who are interested should research the TRON and APENFT projects. Please be sure to check the official website of BITPoint as the airdrop will be updated from time to time due to some precautions. Checkout more Blockchain Development Company, Tron Token Development Company