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.
Who founded BitTorrent coin?
|Industry||Internet software and services|
|Founders||Bram Cohen Ashwin Navin|
|Headquarters||San Francisco, California, United States|
When was BitTorrent coin made?
BitTorrent was initially released in 2001 by developers Brad Cohen and David Harrison. The Tron Foundation, helmed by Justin Sun, acquired the BitTorrent Foundation in 2018. Following the acquisition, BTT token was introduced publicly by the BitTorrent team in 2019 through an Initial Coin Offering (ICO).
Where is BitTorrent coin used?
Created by Bram Cohen in 2001, a peer-to-peer, BitTorrent is a P2P protocol for transferring large files over the Internet. Among file types, video games, TV shows, films, programs, documents and much more are transferable. BitTorrent Token (BTT) is the token of the largest torrent tracker in the world.
How many BTT will ever be created?
BTT will be a TRC-10 token (comparable to the ERC-20 tokens that run on top of ethereum). According to the token’s white paper, shared with CoinDesk, a total supply of 990 billion BTT will be minted.
What happened with BitTorrent?
New Delhi: With the launch of BitTorrentChain, BTT has been replaced by BTTC, and to cooperate with this many crypto exchange platforms will be replacing all old BTT balances from the account, at the rate of 1 BTT = 1,000 BTTC. Why does BitTorrent redenominate BTT?
How does BitTorrent make money?
How Do BitTorrent Sites Make Money? BitTorrent sites act as hubs where Internet visitors download, share and search for torrent files. File hosts can make money through advertising revenue generated by the site. Others can make money by distributing malware.