How are you doin’ this Thursday? Hope this news makes your day better: there is a new listing on KickEX. Do you remember the most popular peer-to-peer platform BitTorrent? Their BTT token is now on our exchange! Trades are available in BTT/USDT pair.
Once upon a time, in a faraway land there was Bram Cohen. He alone made a revolution in file-sharing technologies. In those days, even social networks weren’t developed, but BitTorrent didn’t need likes. Over time, he was appreciated in the IT community. At the beginning of the 2000s, a new file exchange protocol changed the course of Internet development.
Now back to BTT
BitTorrent (BTT) — the token of the most popular data exchange platform at the moment. BitTorrent was launched really a long time ago, in 2001, and the company became involved in the crypto industry relatively recently — in 2018, TRON acquired the platform, remember it? TRON are those guys who want to create a free system for entertainment content based on blockchain. It allows each user to freely publish and store their own data. The ideas of BitTorrent responded to the creators of TRON. So, in February 2019, the BT token was introduced on the TRON blockchain in the TRC-10 standard. Such is the fairy tale.
So why does BitTorrent need a token? You probably know that for the stable operation of the platform and the high speed of downloading files, the user needs to become a sid. This means that even after downloading a torrent document, you don’t delete it, but continue to give it out to other users. So with time, people lost interest in distributing files. The speed of downloading files on the platform began to fall along with the popularity of BitTorrent. After the decision to introduce the BTT token, people had a good reason to distribute peers, because it began to bring them profit.
Thanks to more than 100 million users between TRON and BitTorrent this project is a leader among peer-to-peer file-sharing systems.
A few statistics
- BitTorrent is the #1 platform for peer-to-peer file sharing, and this makes the BTT token attractive for you;
- BTT is ranked 56th in the CoinMarketCap ranking;
- The daily market value of BTT is $174 million, and the total market value is more than $2 billion;
- IEO BitTorrent lasted only 7 minutes and collected $7 million during this time.
We think that the experience of BitTorrent is important for business: this company overcame a difficult period but was able to get out of a difficult situation, of course, not without the help of the crypto industry. The token is listed on such huge exchanges as Binance, OKEX, BitHumb, and now KickEX. We wish them prosperity, and you — not to miss the opportunities. BTT can become a nice part of your portfolio!