A couple of days ago, Justin Sun, the founder and CEO of Tron, the 8th popular cryptocurrency in the world, informed the crypto enthusiasts through his twitter account that BitTorrent’s token BTT, which is based on Tron’s TRC-10 cryptography, has been officially launched on Binance (which is considered as the global leader in terms of trading volume in crypto verse).
Interested people can trade BTT with Binance (BNB), Bitcoin (BTC), and Tether (USDT), the tweet concluded.
— Justin Sun (@justinsuntron) January 31, 2019
Binance, which unquestionably has established themselves as the most vibrant digital currency exchange in the crypto-sphere, has been working with BitTorrent and Tron to launch TRC-10 based token BTT and to conduct the public sale (ICO) of the said token on its launchpad which was held few days ago and caught attention when it took unimaginably short time to complete the sale.
Changpeng Zhao, the CEO of Binance applauded the process where 59 billion BTT were sold under 18 minutes. Later Justin Sun, the CEO of Tron also talked about it on twitter.
“It is official: In the BNB session, all 23.76 billion BTT were sold to token sale participants within 13 minutes and 25 seconds. Meanwhile, in the TRON session, all 35.64 billion BTT were sold within 14 minutes and 41 seconds. #BTT $BTT #BitTorrent #TRON”
The news brought a lot of excitement to the Tron community, and they have welcomed the news with open arms and thanked the news bearer in their own unique whole-heartedly way.
Tnx for all Justin. You are the king!!
— Eko (@Eko70671421) January 31, 2019
Another Tron lover encouraged the efforts of the crypto creator by saying they have their total faith upon him and wish to see him make another miracle like what he did with TRX.
We believe in you @justinsuntron , make your miracle again as you did with TRX
— TheArchitect (@ar31t3ct) January 31, 2019
More about BTT
BitTorrent’s users will now be able to utilize BTT (BitTorrent token) as a medium of exchange to tip content providers, purchase downloadable media, and also to participate in crowd-funding on BitTorrent.
People will also be able to use BTT to reward the original owner of the files shared on the platform. In simple words, the token will serve as the payment instrument on the Torrent Network.
The idea behind the creation of this token is to streamline the already running process of peer-to-peer file sharing on the BitTorrent platform, which has a large user base of hundred million, said by Justin Knoll, leader of the BTT protocol, Project Atlas last week.
Image courtesy of PixaBay.