Based in Singapore BitTorrent Foundation will release a coin BitTorrent Token (BTT) – based Protocol TRON. The main functions of the BTT will charge users for distributing files.
Today we unveil our new token BitTorrent $BTT which features native TRC-10 compatibility and will be exclusively available to non-U.S. accounts on #BinanceLaunchpad, the token sale platform by leading cryptocurrency exchange @binance! 🙌 More info below https://t.co/iNx26vwOwI pic.twitter.com/hssMXAFSXp
— BitTorrent Inc. (@BitTorrent) on 3 January 2019.
Note that at the moment, users download the required file due to the fact that others leave the network. However, the latter have no motivation to continue seeding after they have downloaded the necessary content to them. Token BTT aims to solve this problem, acting as a means of promotion for the distribution of files.
BTT created as a continuation of the Atlas project based on the standard TRC-10, but it’s also fully compatible and ERC-20. Total emissions amount to 990 billion BTT and tocancel will be held on the platform Launchpad from bitcoin exchange Binance.
At the same time, will be airdrop, the schedule of which will be published on the Twitter page, the Creator of TRON Justin San.
Initially, the token will be able to use the Windows client µTorrent Classic, but it will not be a prerequisite for use of the service.
In early summer, Justin San successfully closed the transaction on purchase by company BitTorrent, and took the place of CEO. The sum of transaction, according to some estimates, amounted to about $120 million.
We will remind, in November users of BitTorrent and µTorrent got the opportunity to buy premium products for bitcoin, Binance Coin (BNB) and TRON (TRX).
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