- TRON-based BitTorrent token sold out in just 15 mins during their sale on the Binance Launchpad platform.
- BitTorrent is a peer-to-peer sharing protocol, which allows users to share data over the internet.
The TRON-based BitTorrent token (BTT) sold out in under 15 mins during their sale on the Binance Launchpad platform. TRON founder Justin Sun tweeted the following:
“It is official: In the BNB session, all 23.76 billion BTT were sold to token sale participants within 13 minutes and 25 seconds. Meanwhile, in the Tron session, all 35.64 billion BTT were sold within 14 minutes and 41 seconds.”
In an official post, Binance explained the functionality of the BTT token as such:
“BitTorrent is a TRON-affiliated blockchain project for peer-to-peer file sharing, empowering a new generation of content creators with the tools to distribute their content directly to others on the web. BitTorrent’s new BTT token will allow BitTorrent peers to incentivize activities that lead to better file sharing, like using faster networks and enabling longer seeding periods. BitTorrent currently has 100 million monthly active users (MAU) across 138 countries.”
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