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BitTorrent Token (BTT) is the fundamental of the token-based economy which was built by the Tron Foundation and BitTorrent Foundation’s collaboration. It is aimed to create new value and an ecosystem that is based upon the BitTorrent network. BTT had a really successful IEO launch via Binance Launchpad and increasing its usage over time.
BTT can be identified as Tron (TRX) blockchain network based TRC-10 token. These tokens will be used throughout the BitTorrent network. Famous file-sharing network BitTorrent has more than 100 million monthly active users and the benefits of this will be unprecedented for BTT.
How does BitTorrent Token (BTT) Work?
Tron Foundation founder and CEO Justin Sun want to offer BTT to those who would like to increase their download speed on the BitTorrent platform. The aim is this project is to build a decentralized, barrier-free internet. BTT can be used to share storing space among users and thus remove the scalability issue. Moreover, one can benefit from more processing power with BTT. According to the developers’ statement, there is a built-in BTT wallet inside the BitTorrent software.
The total supply of BTT is 990 billion and launched tokens will be divided between users who installed BitTorrent and µTorrent Classic software, TRX owners and investors who helped in the beginning phase, TRON and BitTorrent staff.
What is the easiest way to buy BitTorrent Token?
BTT entered into cryptocurrency sector by Binance Launchpad offering. At the initial phase, it was only available through Binance cryptocurrency exchange but nowadays most of the leader exchanges support and lists BitTorrent Token.
According to the press time, one BTT worths 0,000299 USD and it has 63.424.863 total market value. As time passes and more and more people use the BitTorrent platform, it is estimated that the value of BTT will increase parallelly too.
