#MarketNewHype

What Is BitTorrent (BTT)?

BitTorrent is a popular peer-to-peer (P2P) file sharing and torrent platform which has become increasingly decentralized in recent years.

Originally released in July 2001, BitTorrent was purchased by blockchain platform TRON in July 2018.

Since its acquisition, BitTorrent has added various new tools, with a dedicated native cryptocurrency token, BTT, released in February 2019. BTT was launched on TRON’s own blockchain, using its TRC-10 standard.

According to its official literature, BitTorrent is currently the “largest decentralized P2P communications protocol” in the world.

BTT is BitTorrent’s native cryptocurrency, issued on TRON’s blockchain as a TRC-10 standard token.

The total supply, as stated in its whitepaper, is 990,000,000,000 BTT. 6% of that total was available in a public token sale, 2% in a private token sale and 9% in a seed sale.

Another 20.1% are reserved for airdrops, which are set to occur at various points until 2025. The BitTorrent team and umbrella organization, the BitTorrent Foundation, were awarded 19% of the supply. The TRON foundation holds 20%, with 19.9% going to the BitTorrent ecosystem itself.

A final 4% of tokens are reserved for partnership activities.

BTT plays various roles in BitTorrent’s products, including allowing users to pay others for faster downloads with BitTorrent Speed.

BTT is tradable for cryptocurrencies, stablecoins and even fiat currencies on major exchanges. Binance among the offerings.

The live BitTorrent [New] price today is $0.000001 USD with a 24-hour trading volume of $33,729,975 USD. We update our BTT to USD price in real-time. BitTorrent [New] is down 0.13% in the last 24 hours. The current CoinMarketCap ranking is #94, with a live market cap of $1,252,064,033 USD. It has a circulating supply of 968,246,428,571,000 BTT coins and the max. supply is not available.