![]() ![]() When compared to the price of Bitcoin, BitTorrent has increased by nearly 300 percent since its ICO. BTT has a market valuation of $2.5 billion, despite its low price, because there are 660 billion coins in circulation. The original coin price was $0.00012, and the currency is currently trading at roughly $0.004. BTT will be used for more use cases shortly, including decentralized file storage solutions, according to the business.īitTorrent’s initial coin offering (ICO) in 2019 was a huge success, generating $7.2 million in just 15 minutes. This also provides a financial incentive for file sharing to retain their files on the network. The token is used to provide file sharing priority to individuals who pay BitTorrent currency to file sharers. Sun paid $140 million for the technology and quickly launched an initial coin offering (ICO).īitTorrent currency (BTT) is a Tron-based token that follows the TRC-10 token standard. Justin Sun, the CEO of Tron, bought BitTorrent in 2018 intending to use a cryptocurrency token to boost the protocol’s performance. BitTorrent’s Brief Historyīram Cohen devised BitTorrent for the first time in 2001. Tron is a smart contract-enabled blockchain, thus tokens may be created as side chains on the Tron blockchain, similar to how Ethereum’s ERC-20 tokens function. Sun bought the firm in 2018 to integrate a cryptocurrency onto the network. BitTorrent drew the attention of Tron CEO Justin Sun because of its decentralized nature.
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