The BitTorrent Token (BTT) sale on Binance taken place yesterday. Quicker than?15 minutes, $7.One million was raised, selling 50 billion BTT token. Binance announced the culmination of the sale using an official article on their website.
BitTorrent Token (BTT) Sale
The token sale ran in just two different sessions: One for buying BTT with TRON (TRX) also, the other purchasing BTT with Binance Coin (BNB). Both sale sessions ended quickly. This didn’t go without a hitch though.
It seems Binance wasn’t fully prepared for the amount of traffic it’s going to receive and came across major complications usually in the sale. Over the BitTorrent Token sale, many were not able to to complete transactions.
All order requests were preserved by Binance, together with the transactions which were frozen should still receive their BTT eventually. After Binance had its issue, TRON released that it would host an airdrop for BTT tokens to make up to your fluke.
It remains unknown currently if you will see a BitTorrent Token Giveaway, as Binance’s CEO has yet to formally earn a statement regarding Sun’s tweet. Just last year, TRON purchased BitTorrent, the peer-to-peer file sharing protocol.
In Binance’s short article, the exchange explains BitTorrent as:
“BitTorrent is often a?TRON-affiliated blockchain project for peer-to-peer file sharing, empowering an exciting new generation of content creators while using the tools to distribute their content instantly to others via the internet. BitTorrent’s new BTT token permit BitTorrent peers to incentivize activities that cause better file sharing, like using faster networks and enabling longer seeding periods. BitTorrent currently has 100 million monthly active users (MAU) across 138 countries.”
Coin Price Movements
At press time, the cryptocurrency industry is rebounding after trading mostly red yesterday. Currently, Binance Coin (BNB) remains trading red at $6.25 a coin, down -4.71%. TRON (TRX) is trading at $0.0275 a coin, up 1.43% in 24 hours.