![]() The first airdrop is set for February 11, 2019, and will continue every month until 2025. The total supply of airdropped BTT tokens following the BTT token sale will account for 10.1% of the total circulating supply. The Foundation will also distribute BTT during online and offline events in the years to come. Exact numbers will be published soon.įollowing BitTorrent’s ICO, the BitTorrent foundation will reward Tron (TRX) holders with BitTorrent tokens (BTT) over the course of a 6-year airdrop plan. BUT RT if you agree! #TRON $BNB $TRXĭue to overwhelming demands, Tron team generously agreed to do a small airdrop for people who tried to place orders, but was not successful in buying. #BitTorrent community wants you! Not 100% guarantee. I would like to explore the possibility with to giveaway free $BTT to everyone on launchpad fails to get #BTT today. Justin Sun, the CEO of Tron also addressed the issue, suggesting that everyone who experienced errors receive some free BTT because of their missed opportunity in the token sale: However, the CEO of Binance, Changpeng “CZ” Zhao was quick to address the issue, apologizing on Twitter and stating that the error pages were caused by technical issues due to astronomical traffic. Some people even accused Binance of foul play and manipulation. However, during the token sale, Binance suffered technical issues due to the overwhelming participation.Ī significant number of people took to Twitter and social media, complaining that were unable to buy BTT tokens, as all they could see were error pages. Per an announcementfrom Binance, the BTT tokens were available for a fixed rate of 1 BTT = 0.00001824 BNB (using a BNB price of $6.58 USD) and 1 BTT = 0.00447261 TRX (using a TRX price of $0.02683 USD).Īccording to Binance’s published blog post on the sale, 23.76 billion BTT were sold within 13 minutes and 25 seconds for BNB, and 35.64 billion BTT were sold within 14 minutes and 41 seconds for TRX, netting the BitTorrent team $7 million within 15 minutes.Īccording to the stats, the BTT token sale was very successful. BTT Token Sale: How Much, How Fast, How Did It Go? Therefore, unlike many other cryptocurrencies and tokens on the market, the BTT token will have an actual use case right off the bat when the new BitTorrent Speed file-sharing platform purportedly launches this summer. Users downloading files can pay the seeders (uploaders) in BTT and receive faster download speeds as a result. The BTT token will be used to incentivize users to upload or seed files, which will result in faster download speeds. The BTT token will be used in BitTorrent’s new file sharing system called BitTorrent Speed. ![]() In July of 2018, Tron’s CEO, Justin Sun, acquired BitTorrent for $120 million and quickly initiated project Atlas, which led to the creation of the BitTorrent token (BTT). ![]() BitTorrent is the largest file-sharing protocol in the world, with over 150 million active users. The BitTorrent Token (BTT)īitTorrent is a peer-to-peer (p2p) file sharing protocol that allows users to distribute files such as music, books, games, videos, and more over the internet. The BTT token sale is now considered to be the most successful ICO in 2019 and the biggest token sale on Binance Launchpad to date. On January 28, 2019, the BitTorrent token (BTT) sale took place on the Binance Launchpad, selling nearly 60 billion BTT in under 15 minutes and netting the BitTorrent team $7 billion.
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