BitTorrent Token – Everything You Need To Know About It

BitTorrent Token

The giant file sharing company, which is based on peer-to-peer technology, BitTorrent has launched its own token which is called BTT.

About BitTorrent Token

The token has launched in 28th January 2019 and it is one of the first token that work on TRC-10 protocol based on the TRON blockchain to foster faster speed on the world’s largest decentralized application.

The official whitepaper describes the function of the token as the following

“BitTorrent Inc. is introducing a TRON TRC-10 cryptographic token called BitTorrent Token (BTT). BTT will act as a general-purpose mechanism for transacting in computing resources shared between BitTorrent clients and a liquid market of service requesters and service providers. BTT will be the unit which denominates transactions for the provision of services in the BTT-enabled BitTorrent ecosystem. It will be made available as a divisible token, allowing for granular pricing. Due to expected volume, direct use of the public TRON blockchain for all transactions is unfeasible. Therefore, BitTorrent Inc. will deploy an “on-chain/off-chain exchange.” The exchange will enable the transfer of tokens between a high-performance private ledger and the public TRON blockchain.”

If you would like to know more technical details about the token, and its purpose, you can read the official whitepaper by clicking here.

Market Details

The total supply of BTT is 990 000 000 000 BTT and the current amount of circulating supply is 212 116 500 000 BTT. The market cap is $263 213 822 USD. The investors can expect and average of 140% ROI. This number makes BTT very tempting for investors, since its value is keep rising. On the picture below you can see a chart which shows its value since the launch of the token.

BitTorrent price chart
BTT Price Chart
Source: coinmarketcap.com

The beginning price was $0.00012 USD which means the early investors could have made some serious profit if they kept their token until the end of May. In May BTT reached $0,001838 USD which means if you invested $1000 in January, you were able to walk away with $15.000 in May.

Where Can You Buy and Sell BTT?

A $7.2 million public token sale for BitTorrent (BTT) sold out in less than 20 minutes after the launch on Binance  on January 28th. This indicated the high trust of the investors in the token. Now you can find BTT on almost every popular exchange such as OKEX, Binance, Bittrex, Huobi, BitFinex and much more. You can also trade with BTT on our exchange The PEAK. Our platform offers low fees, fast transactions and our support team is ready to help you 24/7.

If you have any question feel free to contact us, or leave a comment here.

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