3 Major Altcoin Events to Keep an Eye on in February
January proved to be a fairly uneventful month after several highly-anticipated events like the launch of Bakkt and Ethereum’s fork were delayed. However, February is looking like it could bring some excitement back to the market, so we decided to breakdown 3 events we’re keeping tabs on.
First BTT Airdrop for TRX Holders — February 11
BitTorrent Foundation will initiate its first airdrop of BitTorrent (BTT) to TRON (TRX) holders. The ratio of BTT set at approximately 1 TRX = 0.11 BTT. From there, airdrops will be initiated the 11th of each month at 0:00 UTC. Excluding the initial airdrop, 11,880,000,000 BTT will be offered to TRX holders over the next 12 months, corresponding to 1.2% of total supply.
To receive BTT from the airdrop, TRX investors need to hold the tokens in a participating exchange or wallet (shown below). The snapshot will be taken when TRON’s block height reaches 6.6 million.
IOST Mainnet Launch — February 25
IOST (IOST), an ultra-high TPS blockchain infrastructure designed for scalability, is planning to launch its mainnet in February. The China-based project aims to scale robust services on a network with a throughput of more than 100,000 TPS.
The mainnet launch should be very telling to give insights into the current TPS and dapp developer interest. This will be the only top-100 mainnet launch of the month.
Ethereum Constantinople Fork — February 27
In a January statement, the Ethereum (ETH) Core Developers and Ethereum Security Community said that they decided to postpone the Constantinople hard fork after security researchers identified a potential vulnerability in one of the software upgrades. The much-anticipated upgrade was moved back 6 weeks to February 27, with a target block of 7,280,000.
Constantinople brings 5 separate Ethereum Improvement Proposals (EIPs) to facilitate the transition from proof-of-work to a proof-of-stake (PoS) consensus algorithm.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.