Tron [TRX]’s efforts to push cryptocurrencies into the mainstream realm has certainly captured the attention of users and holders everywhere as the Justin Sun led cryptocurrency does not look to be slowing down. The multiple updates and developments coming from the Tron roster has certainly helped the cryptocurrency regarding price as TRX now rests at the 8th position on the charts after overtaking Stellar and Bitcoin SV.
One major news related to Tron was the recent BitTorrent public sale which was partnered with Binance, the largest cryptocurrency exchange on the planet. The partnership had also recently announced that they had completed the BitTorrent [BTT] public sale in record time. Justin Sun had tweeted:
“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”
Post this development, reports show that the BitTorrent token had the highest daily volume on Binance just one day after launching trading with non- TRX pairs. The trade volume on the platform amounted to 23,555 BTC which was more than the combined trade volume of XRP, Ethereum, Tron and Binance Coin on the platform.
— Misha Lederman (@mishalederman) February 1, 2019
The BTT Airdrop to Tron holders is slated to start by February 11. The public sale that occurred recently had taken place in two phases: one conducted by Tron while the other one was conducted on the Binance Launchpad. Binance’s official release stated:
“Token sale prices for each session are now locked and set at:
1 BTT = 0.00001824 BNB (using a BNB price of 6.58000 USD)”
Binance CEO Changpeng Zhao revealed to users that the sale was met with such excitement that it caused a system issue. He had tweeted:
“Both sessions concluded. Took about 18 minutes, due to a system issue, would have taken 18 seconds otherwise. Demand was astronomical.”
The issue that occurred was related to problems in the “user agreement confirmation” button caching/locking. He even admitted that the earlier stress tests had focused on the buying process and not on the user agreement confirmation button.
Image courtesy of PixaBay.