On Monday, January 28, on the ICO Binance Launchpad site, there was a crowded BitTorrent expected by many investors. The campaign, accompanied by increased agiotage and technical problems, ended in less than 18 minutes, and according to its results, 59.4 billion BTT tokens were sold (about $ 7.2 million).

BTT Crowdsale started at 15:00 UTC and was held in two parallel sessions: in one of them participants could buy tokens for the TRON (TRX) cryptocurrency, and in the second for BNB tokens.

Both sessions concluded. Took about 18 minutes otherwise. Demand was astronomical.

– CZ Binance (@cz_binance) January 28, 2019

“Both sessions are completed. Everything took about 18 minutes due to problems in the system. Without them, this time would be 18 seconds. The demand turned out to be astronomical, ” – wrote Twitter CEO Binance Changpen Zhao.

As specified on the company's website , 23.76 billion BTT tokens were sold in 13 minutes and 25 seconds in a BNB session, the TRON session lasted 14 minutes and 41 seconds, and 35.64 billion BTT were sold at its end. During the campaign, one BTT token was sold for 0.00001824 BNB or 0.00447261 TRX.

According to Binance, a total of less than a thousand investors were able to participate in the crowdsale – 622 participants in the TRON session and 340 in the BNB session.

Under the message, Zhao turned out to be a large number of comments, in which angry users write that they could not take part in the crowdsale because of obvious technical problems – the site simply could not cope with the influx of visitors.

So, some users reported that they did not see the purchase button …

I was observing all those minutes pic.twitter.com/OzFXCejFgN

– I'am just a number (@ iamjustanumber8) January 28, 2019

… others wrote about seeing an error message in Chinese.

pic.twitter.com/Flt0rFaUwv

– EG CRYPTO (@eg_magic) January 28, 2019

Some still managed to get to the purchase page, but there they were first met with a message stating that the application was in the queue, and then a notification that the campaign was completed.

As Changpeng Zhao explained, those fortunate enough to purchase tokens used the most affordable placement of $ 20,000. He also clarified that the order of applications was respected and that in the future it would be necessary to set lower limits, however, the need to return to investors campaign, as he was asked, he does not see.

Order of requests was preserved. It should have been finished in a few seconds (far less than 18s actually), the server glitch just delayed the results. So, no need to redo. It can be some. Mislead by all the "bear" cries … https://t.co/RSnQnZNLdx

– CZ Binance (@cz_binance) January 28, 2019

In the meantime, the founder of the TRON project, Justin Sun, wrote that he would like to explore the possibility of BTT to use eirdrop tokens for those who, due to technical problems, could not participate in the crowdsale. And judging by the fact that Changpeng retweeted this record, such a probability exists.

I would like to I of the By explore Possibility with @binance to to giveaway free $ BTT to everyone on launchpad fails to the get #BTT today has been. #BitTorrent community wants you! Not 100% guarantee. Need to figure out detail. BUT RT if you agree! @cz_binance #TRON $ BNB $ TRX

– Justin Sun (@justinsuntron) January 28, 2019

The head of Binance later added that the Tron team agreed to conduct a small eyrdrop, additional information about what will be given later.

It was a peace of mind for people who tried to buy. Exact numbers will be published soon.

– CZ Binance (@cz_binance) January 28, 2019

We also note that another disappointment for investors who had previously actively bought TRX and BNB, but failed to take part in the crowdsale, was a sharp decline in the price of both assets immediately after the end of the campaign.

As BlockchainJournal wrote earlier , the BTT token was created as a continuation of the Atlas project based on the TRC-10 standard, but it is also fully compatible with ERC-20. The total emission will be 990 billion BTT. The token itself will be used to reward users for distributing files on BitTorrent and µTorrent torrent trackers.

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