What is BTT [BitTorrent]? First IEO details on Binance Launchpad

Opening for the above IEO project series Binance Launchpad (launch pad of blockchain projects) in 2019 is BitTorrent (BTT). Let's Blogtienao Discover what this project has HOT!

What is BitTorrent?

• A protocol that enables peer-to-peer file sharing (P2P)
• The most common protocol for transferring large files
• Built on the platform blockchain of TRON

BTT electronic currency

What is BTT?

BTT is the native token in the BitTorrent ecosystem and is released as TRC-10. Thanks to the introduction of BTT, the BitTorrent protocol has added some new features such as:

• Provide a distributed infrastructure for third party application developers
• Allow users to contribute value to the ecosystem
• Extend the old protocol
• Allow faster download speed and files have a longer life

BTT token use cases

With users

• Share bandwidth, expand access to many services
• Buy / download content
• Fundraising to create new products
• Pay for seeders (content / file providers) to download files faster

With the developer

• Use BTT to publish their applications or services

With seeder

• BTT is used as a reward for their contributions

In addition, BTT is also used to pay rewards in airdrops

BTT token management and fund usage

As of January 02, 01, BitTorrent has used about 2019% of the funds in the following allocation:

• [3%] Partnership and community development
• [6,5%] Marketing
• [64%] FTE team cost
• [3,5%] Development
• [3%] Equipment and software
• [2%] Legal
• [2%] Operating expenses

BTT is kept in TRC-10 compatible multi-signature cold wallets. The token unlock will be handled by the BitTorrent Foundation.

BTT token release schedule

The following chart shows the number of BTT that will be released in monthly circulation

BTT distribution

• Public sale accounts for 6% of the total supply
• Private sale accounts for 2% of total supply
• Seed sale accounts for 9% of total supply
• Tron Airdrop accounts for 10.1% of the total supply, which will be spread evenly over the next 6 years
• BitTorrent Protocol Airdrop accounts for 10% of the total supply
• Team and BitTorrent Foundation are allocated 19% of the total supply
• TRON Foundation receives 20% of the tokens issued
• BitTorrent Ecosystem is allocated 19.9% ​​of the tokens issued
• Partners account for 4% of total supply

About Private Sale

• Conducted on November 01, 11 for 2018 BTT = 112 TRX
• Mobilized 966,000,000 TRX at $ 0.0001774 / BTT
• Sold 11% of total supply

Go back Public Sale

• Conducted on January 28, 01
• Mobilized 420,000,000 TRX at $ 0.00012 / BTT
• Sold 6% of total supply

BTT storage wallet

You can hold in cold wallets like Safe deposit, Ledger Nano,… Or keep it at Tron Wallet. Besides, there are many exchanges supporting BTT, so you can store them directly on the floor. Here is a list of exchanges that support BTT

Route dBitTorrent (BTT) project

Quarter 3 / 2018

• Deploy client side API
• Deploy wallet / bidding engine API
• Create WIN32 application "Shell"
• Building a Win32 application in Jenkins w / Unit Tests
• Building BTInstaller

Quarter 4 / 2018

• The original onboard feature and navigation items in the torrent client
• Generate ECDSA secp256k1 key pair for the ledger address / account
• Basic wallet interface, including balance information

The first quarter of 1

• Issue TRC-10 BTT tokens
• Share UI Wallet for test team
• Complete swarm analysis framework
• Complete development of on-chain / off-chain transaction server

The first quarter of 2

• Finished launching Wallet UI for stable client
• Expose Wallet with on-chain / off-chain transactions for an early access group
• Complete BTT airdrop for the BitTorrent protocol currently over 100 million users
• Internal testing of BitTorrent livestream platform
• utorrent Web adds new functionality: you can choose a download directory when adding torrents to uTorrent Web

The first quarter of 3

• Publish BEP related to BTT and BitTorrent protocol token
• Add wallet support for TRX and any TRC-10 or TRC-20 tokens
• Released the BLive beta
• Launch of utorrent for MAC users
• Launch of testnet for livestream application (internal)

Quarter 4 / 2019

• Release BitTorrent Speed ​​v2.2.1
• BitTorrentSpeed ​​is added to uTorrent Windows Client (for new installations)

Quarter 1 / 2020

• Update BTFS

Trade partnerships and business development

OfficialDLive: Content-sharing blockchain platform will join the BitTorrent ecosystem. DLive and BitTorrent will work together to provide P2P livestream streaming services to all users around the world.

Coinpayments: BitTorrent works with Coinpayments to allow users to purchase BitTorrent and utorrent products with BTT

NordVPN: One of the most popular and reliable VPNs has accepted tPayment with BTT

Overview of the BitTorrent development team

BiiTorrent was originally an independent company, founded by Bram Cohen and Ashwin Navin on September 22, 09. But by 2014, the company was acquired by TRON and Bram Cohen left the company.

Starting in 2018, BitTorrent has made strong strides thanks to the project developed by talented members of TRON.

Currently, Justin Sun is the CEO of BitTorrent and TRON.

Technical overview of BitTorrent (BTT)

Public Github repository:

ds_wallet: BTT Token wallet project

ds_wallet: BTT Token wallet project

atlas-ledger: BTT token led project

ut_core: The torent tool behind uTorrent / BitTorrent

BitTorrent Products & Metrics

The total DAU on all existing BitTorrent products is ~ 25 million. The total MAU is ~ 100M. In the group's market share analysis, BitTorrent clients account for about 50% of global torrent clients.

Community and social channels of BitTorrent

Telegram (English) | 62K members

Twitter (English) | 53K followers

Facebook (BitTorrent) | 206K Likes

Facebook (μTorrent) | 1.1M Likes

How to own BTT tokens?

1. Join IEO BitTorrent
2. Buy BTT on the exchanges
3. Attend bounty shows or exclusive events
4. Hold TRX to receive BTT airdrop
5. Become a seeder

How to profit from BTT

1. Become a trader or holder
2. In addition, you may occasionally check to see if Binance supports the monetization method lending for BTT coins

Should we invest in BTT?

This is the first IEO of 2019 and until early 2020, after Binance Launchpad held 11 IEO rounds, this is still one of the most successful IEO on Binance in particular and other IEO on other exchanges in general. .

In addition, with the continuous continuous development of the project, you can have some peace of mind when considering "should invest or not". However, you need to remember that any investment comes with risks. Therefore, Blogtienao Please research and consider carefully before making a decision.

Conclusion

So Blogtienao has brought you all the knowledge and updates of the BitTorrent project. Hope you have found the necessary information. Wish you a successful investment!