![]() #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. After the event, Sun took to Twitter to propose airdropping tokens to everyone who missed out on today’s public sale. Binance Launchpad overloaded, meaning many prospective buyers couldn’t purchase BTT. Fully announced earlier this month, the new BitTorrent Speed platform is set to launch sometime in the summer.īut the sale was not without technical difficulties. TRON acquired the peer-to-peer file-sharing network last summer, reportedly making it the “largest decentralized internet ecosystem in the world.” The sector first heard news about a new tokenized sharing system way back in September. By incentivising users with tokens, it speeds up the content sharing process on the platform. Known as BitTorrent Speed, the whitepaper outlines that users will be reimbursed in BTT tokens in exchange for using their file space and bandwidth to ‘seed’ content. The BTT token, which runs on the TRON blockchain, will form part of BitTorrent’s new sharing system. ![]() “The BTT token will be instrumental in its ability to incentivize users on BitTorrent, to share and seed on the platform.” “We had tremendous success during our crowdfunding on Binance Launchpad, which sold out in less than 15 minutes amidst a very positive response, right before the Q2 launch of BitTorrent Speed and its accompanying products,” Sun said. The token sale was completely sold out within 15 minutes. In all, the BNB-BTT sale sold 23.76bn BTT tokens, with the TRX-BTT sale selling 35.64bn tokens.īTT tokens were sold at $0.00012 during the sale, raising a total of $7.2M. Organized on Binance Launchpad, a token sale platform run by the Binance exchange, the sale was split into two sessions: one for investors purchasing BTT with Binance Coin (BNB) and another for those buying with TRX tokens. More than 59bn tokens were sold in the BitTorrent public sale. On the other hand, a drop below the support at $0.00000090 will be a bearish sign.The founder and CEO of TRON (TRX), Justin Sun, has called the public sale for BitTorrent tokens (BTT) a “tremendous success,” after it raised millions of dollars in a matter of minutes. A break above the resistance at $0.0000010 will signal that there are more buyers in the market and will be a bullish sign. Therefore, the outlook for the BitTorrent price is neutral and will be dictated by other cryptocurrencies like BTC and XRP. The Average True Range (ATR) has also tilted lower. It is consolidating along the 25 and 50-day moving averages and is slightly below the important resistance at $0.00000010. This performance is in line with that of other cryptocurrencies like BTC and ETH. Nevertheless, it has risen by more than 65% from its lowest level this year. ![]() Turning to the four-hour chart, we see that the BTT price has been in a slow upward trend in the past few weeks. This is a sign that the network is gaining traction among users. According to BTTScan, the number of transactions has jumped from 66k on July 10th to over 308k on Thursday. The BTT price has done well in the past few days as the number of transactions in the network has risen sharply. Most importantly, it has lower transaction fees, with the average cost of a transaction being less than #0.01. Further, it has faster transaction confirmation, with the average block time being between 2 to 3 seconds. It has a heterogeneous cross-chain solution that allows interoperability between Ethereum, Tron, and BNB Chain. It is a platform that enables developers to build applications in all industries like decentralized finance, non-fungible tokens (NFT), and games. BTT is the native token for the BitTorrent Chain, which is a leading blockchain platform owned by Justin Sun.
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