In Just Under 15 Minutes, BitTorrent Tokens Were Sold Out Netting Over $7 Million

by | Jan 29, 2019 | Cryptocurrency, Cryptocurrency News

BitTorrent | BTT | BTT Sales | Tron | Binance | sold out

The Jan. 28, the BitTorrent token (BTT) sale on the Binance Launchpad minced $7.1 million dollars, with a sale of 50 billion tokens in under 15 minutes. Newly launched, the BTT is a Tron TRC-10 based token and will be used on BitTorrent, a peer-to-peer file-sharing platform to “transact in computing resources shared between BitTorrent clients and any other participating service requesters and service providers.”

The conclusion of the sale was announced in an official blog post. The BTT tokens were sold in two simultaneous sessions on Binance Launchpad. One session was for buyers using Binance’s native token, Binance Coin (BNB), and the other for buyers using Tron (TRX). According to the sales data posted on the Binance website, each token was priced at $0.00012.

Justin Sun, the founder and CEO of TRON, tweeted the news, sharing his excitement on the matter.

 Changpeng Zhao, the CEO, and founder of Binance said that the sale would have ended much sooner, had technical issues not surfaced on the Launchpad website. Zhao tweeted at around 3:20 UTC

The BitTorrent Speed, the system which will integrate the Tron-based BTT token into the popular µTorrent Windows client, will purportedly launch by summer.

Read more: BitTorrent Token (BTT) Will Spark Blockchain Mass Adoption, Says TRON CEO Justin Sun

Arshmeet Hora

The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

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