8/23/2023 0 Comments Bittorrent cryptoThis gives BTT tremendous reach right from day one. BitTorrent is also one of the most popular networks, with over 100 million monthly users. The two are a good fit, with Tron representing the new era of decentralized platforms and BitTorrent being one of the very first decentralized networks on the internet. It was created to provide an enhancement to the BitTorrent protocol, which was launched in 2001, and was purchased by the Tron Foundation in 2018. What is the BTT Token?īTT is a TRC-10 token created on the Tron blockchain. And we’ll look at both the positives and negatives to get a well rounded picture. Now that you have the backstory on the ICO, let’s have a deeper look at BTT, BitTorrent and the potential use cases for the BTT token. Of course that’s up from the $0.00012 ICO price, giving ICO investors a 7x return in roughly 2 weeks. As of February 11 he is promoting the largest and longest airdrop in history, which began at block height 6,600,000 and will see TRX holders receiving 0.1097681177 BTT for each TRX they hold in their wallet.Īfter reaching an all-time high of $0.001250 on Februthe BTT token has pulled back somewhat and is trading at $0.000847 as the massive airdrop kicks off. So far we would have to say it does continue to be successful, but bear in mind the hype surrounding the token continues, with Justin Sun of Tron continuing to pump BitTorrent and the BTT token. The public sale saw demand for the BTT token to be so intense that the site couldn’t handle all the traffic and numerous investors found themselves unable to access the site and the token sale. Needless to say it is one of the most successful public token sales in the past year as the bear market in cryptocurrency has extended to new coins for the most part. And that was following a $20 million private sale. That token sale, which occurred on Binance’s new Launchpad platform, ended in less than 15 minutes, raising $7.2 million for BitTorrent. And it was even bigger when Tron launched a TRC-10 token for BitTorrent with the BTT ticker. ![]() That’s why it was huge news when Justin Sun of Tron bought the filesharing site for $140 million. BitTorrent ICOīitTorrent is by far the world’s largest file sharing protocol, with some estimates claiming over 20% of internet traffic is related to BitTorrent. We will also take a look at the price potential for BTT and the prospect of any large scale adoption. ![]() In this BitTorrent review, I will take take a look beyond the publicity and analyse the underlying technology, roadmap and use cases. However, does BTT really have a future and will the hype die down? The ICO was also promoted heavily given the ownership of BitTorrent by Justin Sun of the Tron (TRX) cryptocurrency. The ICO and token received all of this publicity because it was the first to complete a raise on the Binance Launchpad, a new funding portal. BitTorrent (BTT) is the native token of the world's largest file sharing protocol that recently completed a much touted ICO earlier this year.
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