BitTorrent token’s (BTT) price has gone up over 600 percent since its initial coin offering. It is an impressive gain during the cryptocurrency bear market. BTT is trading since the end of January on Binance.
What is BitTorrent
BitTorrent is peer-to-peer client, which allows users to distribute files over the Internet. In the begining of January 2019 they launched Tron-based token BTT.
BitTorrent (BTT) allows content creators to connect with their audience, earn and spend digital currency without a middleman. By connecting the BitTorrent peer-to-peer network to the TRON blockchain, we offer a new experience to over 100M+ users.
BitTorrent (BTT) powers BitTorrent Speed
BitTorrent Speed enhances the BitTorrent protocol for all users and all torrent clients. BitTorrent (BTT) tokens can be bid in exchange for faster downloads. Tokens will be stored in a built-in wallet and can be exchanged for TRON (TRX) tokens through a decentralized exchange.
23.76 billion BTT had been sold within 13 minutes
Justin Sun, founder and CEO of BitTorrent, announced then all 23.76 billion BitTorrent token had been sold within 13 minutes and 25 seconds at a price of $0.00012 per token.