The Singapore-based BitTorrent Foundation will launch the BitTorrent Token (BTT) coin based on the TRON protocol. The main functions of BTT will be a fee to users for the distribution of files.
Today we ’re a bitTorrent $ BTT which features the TRC-10 features and features you can use for your cryptocurrency exchange @binance ! ? More info below https://t.co/iNx26vwOwI pic.twitter.com/hssMXAFSXp
– BitTorrent Inc. (@BitTorrent) January 3, 2019
Note that at the moment users are downloading the required file due to the fact that others leave it on the network. However, the latter have no motivation to continue distribution after they have downloaded the content they need. BTT Token is intended to solve this problem by acting as a reward for distributing files.
BTT was created as a continuation of the Atlas project based on the TRC-10 standard, but it is also fully compatible with the ERC-20. The cumulative issue will be 990 billion BTT, and tokensail will be held on the basis of the Launchpad platform from the Binance bitcoin exchange.
At the same time, eirdropy will be conducted, the schedule of which will be posted on the Twitter page of the creator of TRON Justin San.
Initially, users of the µTorrent Classic Windows client will be able to use the token, but this will not be a prerequisite for using the service.
In early summer, Justin Sun successfully closed the deal to buy BitTorrent and took the place of CEO. The amount of the transaction, according to some estimates, was about $ 120 million.
Recall that in November, BitTorrent and µTorrent users got the opportunity to purchase premium products for Bitcoin, Binance Coin (BNB) and TRON (TRX).
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