In line with an official ‘press release‘ published, the BitTorrent [BTT] token sale on the Binance platform finished recently, summing $7.1Mln dollars with the sale of around fifty billion tokens in just less than 15 minutes.
BitTorrent is a protocol for p2p [peer-to-peer] file sharing, permitting users to distribute files alike music or videos over the web.
BitTorrent is based on the Tron TRC-10 platform, and can be used on the platform to “transact in computing resources shared between BitTorrent users and the other collaborating service requesters and service suppliers.”
The BitTorrent tokens were sold in two coinciding sessions on the Binance ‘launchpad platform‘, one for purchasers employing Binance’s native token, Binance Coin [BNB], along with the others for purchasing using the Tron [TRX]. Every token was priced at $0.00012 USD, as per the sales data information published on the Binance official ‘web-site‘.
In line with a recent tweet from Tron [TRX] chief executive officer and founder named ‘Justin Sun’, “It is official: within the BNB session, all 23.76 Bln BTT were sold to token sale participants in just less than thirteen minutes and twenty five seconds. Meanwhile, in the Tron [TRX] session, all 35.64 Bln BTT were sold in just 14 min. and 41 sec.”
the chief executive officer and founder of Binance ‘Changpeng Zhao’ aforesaid that the sale would have ended over a much sooner, had technical problems not surfaced on the launchpad web-site. At around 3:20 UTC Zhao ‘tweeted‘ that “Both sessions finished. Took around eighteen minutes, due to a system problem, would have taken eighteen seconds otherwise. Demand was astronomical.”
BitTorrent Speed, the system that would be integrated into the Tron-based BTT token into the renowned µTorrent Windows client, is expected to be launched by summer.