Digital signs (tokens) (hereinafter referred to as “tokens”) are not legal tender and are not required to be accepted as a means of payment.ģ. We hereby warn about the following risks:ġ. Prices rose to record high on April 5 2021, when prices surged to $0.0136 Record low for BTT occurred on March 13 2020, when BitTorrent coin prices dropped to $0.000138. The BitTorrent coin experienced a bullish rally in April 2021, meaning over the course of a year the BTT price has risen by over 1000%. Slightly over 20% of BitTorrent coins have been withdrawn to be deployed for airdrops due to occur at various times in 2025.īitTorrent coin’s price has experienced peaks and troughs since its launch. A little less than 20% go to the BTT ecosystem. According to market cap, BTT is ranked 76 by CoinGecko.ĭuring a public token sale, 6% of these coins were made available, while 9% were sold during a seed sale and a further 2% in a private token sale.īitTorrent Foundation alongside BitTorrent team were given 19% of supply, while TRON foundation holds 20%. The current market cap of BTT cryptocurrency stands at $2.328bn as of mid-November 2021. The total supply of BTT is 990 billion and there is a current circulating supply of 659 billion. The goal of BTT cryptocurrency is to become the core feature for its ecosystem. It is the only form of payment that can be spent by users when they enter into agreements with providers. This feature allows users download at extra quick speed. By buying and spending BTT, users gain access to the features on the network, including premium services like BitTorrent Speed. How does BitTorrent token work?īTT, the native cryptocurrency of BitTorrent, fulfils several functions. In addition, the company added a premium pad version which include perks such as ad-free browsing. This method makes popular and very large files, such TV programmes of videos download much quicker than with other protocols.Īfter TRON stepped in, BitTorrent’s appeal expanded to those interested in the crypto and blockchain space. Targeting distribution networks in the entertainment industry that were heavy, slow and expensive, Cohen, a developer and entrepreneur, wanted to create a platform whereby internet users could share content between themselves.īitTorrent, unlike alternative download methods, maximises speed of download by collecting portions of the file you want and downloading these different portions simultaneously from users who already have them. BitTorrent reviewĭescribed as the “largest decentralized P2P communications protocol” in the world on the company’s website, BitTorrent’s objective was to transform the way customers obtain and download content. Throughout its early years, BitTorrent has been subject to a fair number of legal disputes as a result of alleged breaches of copyright law. Released in February 2019, BTT was built on TRON’s blockchain. This acquisition was part of Sun’s strategy to add more decentralized features to the TRON platform.Īfter the acquisition BitTorrent added a native cryptocurrency token called BTT. This brought BitTorrent from under the control of its original founder, Bram Cohen to the hands of Justin Sun. Originally released in July 2001, BitTorrent was acquired by blockchain platform TRON in July 2018. From differing blockchain technologies to consensus mechanisms to target sectors, each crypto company has its own unique list of qualities.īitTorrent has been around for a while and is one of the more well known names on the crypto market meaning you may have heard of it before.Īlternatively, you may be scratching your head asking, “What is BitTorrent (BTT)?” and “What is BitTorrent token used for?” Given how saturated the crypto market is, keeping in the know about all the new start-ups and new developments within established crypto firms, can be almost impossible.
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