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OKEx Lists BitTorrent, Airdrops BTT to TRON Users

Crypto exchange OKEx has announced that it will list BitTorrent’s new token, BTT, and support an airdrop of BTT for TRON (TRX) holders.

“We had established strong and solid relationship with TRON's team since the very first day we listed TRX on OKEx,” said Lennix Lai, the financial market director at OKEx. “TRON's community was thrilled at the news that we decided to support BTT.”

BitTorrent is running BTT on the TRON TRC-10 system.

According to the press release, all OKEx accounts holding TRX will be in included in an airdrop of BTT.

“As an exchange we are committed to offering a great variety of tradable digital assets for our users,” said Lai. “We reckon the potential airdrop of BTT for TRON holders has affected the supply and demand on TRX. We are hoping the listing on BTT would let the market to determine the value of BTT in a fair and transparent manner via trading mechanisms.”

The airdrop is expected to last for six years.

“We list any projects which have fulfilled our listing procedures and criteria,” Lai claimed. Looking to the future, he also noted that “BitTorrent has set a good example recently. We are looking forward to seeing more successful projects this year.”

Germany Opens Industry Consultation Process for Blockchain Strategy

Source: Reuters

Ahead of announcing an official strategy for leveraging blockchain technology more widely, the German government has opened a process for receiving recommendations around the technology from local companies and industry groups. Germany is Europe's largest economy and Berlin is home to numerous blockchain startups. The solicited recommendations could lead to official legislative action in the near future.

In the Post ICO World, CoinList Prepares Crypto Projects for Investment

ICOs emerged quickly as a popular model for crypto startups to raise funds, exposure and customer interest. But the world of ICOs took a nasty turn in 2018, with many projects that used the model unable to deliver on their promises to investors or turning out to be downright phony.

NFTs: How They Work and How They’re Bridging Blockchains and the Collectibles Industry

The upcoming NFT.NYC event highlights the growing role that non-fungible tokens (NFTs) are playing in the crypto industry — and a growing intersection between crypto assets and collectibles.

Sacramento Kings' Technology Team Mines Ether in Its Basketball Stadium

Source: ZDNet

The group of technologists behind the NBA's Sacramento Kings mines ether at the Golden 1 Center arena where the basketball team plays. The team said that it uses profits from the mining operation to provide funding for the local community and it invites local students to see the rigs. The team also claims that the arena is the first sporting venue to accept bitcoin.