BitTorrent Tokens Public Sale Sells Out in 13 Minutes 25 Seconds

BitTorrent Tokens Public Sale Sells Out in 13 Minutes 25 Seconds

BitTorrent reaps $7.1 million on the sale of BTT (BitTorrent Token) on Binance Launchpad. BTT is a TRC-10 token type, Tron’s native mainnet token

Binance proclaimed the official conclusion of the sale through a blog post on their website. A total of 50 billion BTT were sold in two back-to-back sessions. One of the sessions was for participants who chose to use BNB (Binance Coin) to buy the token. The other was for those who opted to use TRX (Tron). Binance Launchpad released sales data information stating the public sale price of BTT was at $0.00012 apiece.

Changpeng CZ Zhao, CEO of Binance, tweeted if technical issues did not ensue, the sale could have concluded earlier.

BTT will be expended on the platform as a tool to ‘transact in computing resources’ shared by BitTorrent clients and services requesters and providers.

BitTorrent Speed

BitTorrent Speed is a system where platform users are incentivized with BTT for bandwidth exchange and seeding. It will coalesce BTT with µTorrent Windows client, which, will reportedly launch this summer.

Blocktrade token

BKT
Price
0.000746 USD -6.72%
0.00000019 BTC -5.00%
Volume, 24h
15,681,376 USD
0.00%
Marketcap
41,042 USD
< 0.01%
Emission

Related news

Ethereum and Binance Coin to Lead Next Major Rally as Altcoin Season Looks to Prevail

Bitcoin has been outperforming most cryptocurrencies throughout this whole year. Bitcoin’s total market capitalization dominance has been increasing dramatically since January 2018 when it was only at around 30%. Bitcoin reached 50% dominance in January of 2019 and almost broke above 73% only 2 months ago. There has been a lot of discussions about when will altcoins take over or if they will take over at all. Currently, the market seems to be simply following Bitcoin’s steps but what would it take for altcoins to finally get away from Bitcoin? The main reason Bitcoin is so dominant is the fact that it holds most of the cryptocurrency pairs and fiat pairs. A new investor that wants to buy a new cryptocurrency will need to first buy Bitcoin or one of the few major cryptocurrencies in order to exchange it for the one he wants. What are Market Pundits Saying? It does seem that in the past few months, some of the larger cap coins have been exceeding Bitcoin’s performance, BNB has been a clear example throughout the whole year but has slowed down significantly. A crypto pundit Gautam Chhugani tweeted recently about his unpopular opinion of how altcoins will lead the next rally and Bitcoin will simply follow. Unpopular call: Alts will show Bitcoin the way this time. ETH, BNB will lead the rally. Bitcoin will follow. This tweet really started to gain traction when Changpeng Zhao, CEO of Binance, responded with: Popular with me. pic.twitter.com/XnIvE9Wmc6 — CZ Binance (@cz_binance) November 17, 2019 Now, this isn’t necessarily a very objective view as CZ wants altcoins to thrive because of BNB, however, other analysts have also mentioned the possibility of a new altcoin season. CryptoBitLord, a cryptocurrency trader, has said in the past that he believes the bottom for altcoins is in and this is the time to ‘go all in’ if you are into it for the long term prospect. Blockchain advisor and crypto trader, Rand has said something quite similar as well, Inference The sentiment does seem to be positive about altcoins, however, Bitcoin’s dominance is still really high even after losing 4% in the past month. Altcoins still need to prove a lot and it will be puzzling, especially with Bitcoin’s halving coming up soon. Either way, a bull run will avail everyone, altcoins, and Bitcoin. The post Ethereum and Binance Coin to Lead Next Major Rally as Altcoin Season Looks to Prevail appeared first on ZyCrypto.
ZyCrypto

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.