BitTorrent, wide known as for a famous pear to peer file sharing system and app. In the first company’s open sale on Jan 28, they have netting 7.1 Milion dollars with the sale of 50 billion tokens under 15 minutes.
BitTorrent Token (BTT) is based on Tron TRC-10 token, and will be used to “transact in computing resources shared between BitTorrent clients and any other participating service requesters and service providers.”
On Jan 28, there ware 2 sale session, the first one is for buyers using Binance’s native token, Binance Coin (BNB), and the second one is for buyers using Tron. The price for each token was $0.00012, the same price which is posted on the Binance website.
Justin Sun, CEO and founder of Tron, tweeted: “It is official: In the BNB session, all 23.76 billion BTT were sold to token sale participants within 13 minutes and 25 seconds. Meanwhile, in the Tron session, all 35.64 billion BTT were sold within 14 minutes and 41 seconds.”
BitTorrent Speed, the system which will integrate the Tron-based BTT token into the popular µTorrent Windows client, will purportedly launch by summer.