Bitcore just had their second #airdrop after the big 25% drop at the end of October. The current airdrops are 3% of your wallet balance if you hold 10 coins or more. Every month the percentage of the airdrop increases by 1% of your wallet balance. That means that in December the weekly airdrop will be 4%. This + 1% trend will continue until all coins are gone. There will be a total of 21 Million coins when it's all said and done. When the airdrops end there will be somewhere around 16M BTX in circulation with the rest of the 21M to be mined. The bit in mining the rest is an assumption on my part.
If you started with 100 BTX in your (NON-EXCHANGE) local wallet, at the end of November you would wind up with 112.55 BTX. At todays BTX/BTC rate, you would earn 0.03 BTC.
In December the interest rate goes up by 1%. At the end of December you would have earned 19.12 BTX for a total of 131.67 BTX, making the total of BTC equivalent value earned for December 0.046, for a total of 0.076 BTC over two months.
In January the rate increases to 5%. There are five Mondays in January, making your total BTX haul for that month 36.38 BTX.
By the last airdrop in February, you would have 212.16 BTX.
March 6% = 278.10 BTX
April 7% = 378.35 BTX
May 9% = 534.07 BTX
June 10% = 781.93 BTX
July 11% = 1187.01 BTX
And so on until the coins run out. If my rough calculations are anywhere in the ballpark, the coins will run out sometime in July and the airdrops will end.
This isn't like staking a coin where you may or may not get a stake. All registered BTX holders with a minimum of 10BTX get their percentage. Your wallet doesn't even have to be open or running to get the airdrop.
I do not know what the value of BTX will be in the future, let alone five minutes from now, however, the increasing airdrop amounts make this a coin to hold. There was no dump after the last airdrop. Even though there are more coins in circulation each week, people are holding because they will get even more the following week.
Will this trend hold? Time will tell. I'm holding.
https://coinmarketcap.com/currencies/bitcore/
https://twitter.com/Bitcore_BTX
https://bitcore.cc/
If you are holding BTX now or plan to buy some on an exchange, make sure you register your BTX address at the link on the Bitcore website.
As always, please do your own research and doublecheck my math!
EDIT: Corrected a few spelling errors and removed the picture because of the way Twitter was cropping it for its preview.
