BitTorrent Six Year Long Airdrop to Start Today

It is assumed that all the TRX holders will be able to get free BTT, exchanges and Tron/Trust Wallet supported
11 February 2019   229

On Monday, February 11, the Tron Foundation will begin a series of BitTorrent (BTT) airdrops, which will be held every month for the next six years, until February 2025.

Total BTT issue will be 990 billion coins, of which 10.1% will take part in the first distribution, 990 million. The first airdrop will take place after a block of 6,000,000 has been found in the TRON network.

Over the next year, TRX holders will receive 0.11 BTT for one coin, and every 12 months this number will gradually increase.

It is assumed that all the TRX holders will be able to get free BTT coins and it is not necessary to keep cryptocurrency on any exchange - the airdrop also supports Tron Wallet and Trust Wallet wallets.

Among the exchanges that have announced their intention to support the distribution are Binance, Bitfinex, OKEx, Huobi, Bithumb, Upbit, Gate.io, Bittrex International, Bibox, BitForex, Coinsuper, Kucoin, and Bitexbook.

Gladius to Register Token as Security & Refund Investors

Startup self-reported in SEC on unregisted securities offering and cooperate with Commission, so it won't be fined
21 February 2019   104

Cryptocurrency startup Gladius Network LLC has informed the US Securities and Exchange Commission (SEC) about the sale of unregistered securities. On February 20, the SEC filed relevant charges.

During the ICO, the Gladius project raised $ 12.7 million in cryptocurrency equivalent for the development of a network for leasing computing facilities to protect against cyber attacks. The SEC stressed that the startup did not register their tokens as securities, as required by federal law, and did not agree to exclude them from the rules in the legal manner.

Moreover, tokensale was held after the publication of the SEC report on the situation with The DAO, in which the regulator stated that ICO can offer securities.

The press release says that Gladius contacted the SEC in the summer of 2018 and expressed interest in cooperating with the investigation. Thus, the agency refused to levy a fine, because the startup voluntarily agreed to return the funds to investors who require it and register the token in accordance with the provisions of the Securities Act of 1934.