The BitTorrent team and umbrella organization, the BitTorrent Foundation, were awarded 19% of the supply. 6% of that total was available in a public token sale, 2% in a private token sale and 9% in a seed sale.Īnother 20.1% are reserved for airdrops, which are set to occur at various points until 2025.
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The total supply, as stated in its whitepaper, is 990,000,000,000 BTT. How Many BitTorrent (BTT) Coins Are There in Circulation?īTT is BitTorrent’s native cryptocurrency, issued on TRON’s blockchain as a TRC-10 standard token. Under TRON, BitTorrent has expanded its user appeal to those interested in decentralized solutions and cryptocurrency, as well as to its own user base.Īmong the added features are BitTorrent Speed, which uses the BTT token as part of its operations.īitTorrent has also branched out into paid services, offering several “premium” versions of its platform which include VPN capabilities and ad-free browsing. In the early 2000s, BitTorrent became the go-to P2P file sharing platform, with TRON stepping in 2018. What Makes BitTorrent Unique?īitTorrent’s original goal was to disrupt the legacy entertainment industry and how consumers obtain content.Įxpensive and inefficient distribution networks were the main target, with original developer Bram Cohen seeing benefits in allowing internet users to distribute content among themselves directly. The move formed part of TRON’s efforts to add further decentralized features to the platform. TRON is also behind the addition of cryptocurrency to BitTorrent, as the BTT token was released on TRON’s blockchain. Sun is notorious for his plugging of both TRON as a cryptocurrency and its blockchain technology, bidding $4.5 million at a charity auction to have lunch with Warren Buffett (well-known anti-crypto figure) and discuss cryptocurrency with him. In 2018, TRON completed its acquisition of BitTorrent, bringing BitTorrent under the control of Justin Sun. The platform has seen multiple legal battles, with Cohen maintaining that it does not break copyright laws in allowing users to share files such as music and movies among themselves. The original BitTorrent is the brainchild of Bram Cohen, a developer and entrepreneur who himself has since become well known in the cryptocurrency arena.Ĭohen has explained that he designed BitTorrent to usurp the dated entertainment industry, which made obtaining material slow and expensive. BTT was launched on TRON’s own blockchain, using its TRC-10 standard.Īccording to its official literature, BitTorrent is currently the “largest decentralized P2P communications protocol” in the world. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.Since its acquisition, BitTorrent has added various new tools, with a dedicated native cryptocurrency token, BTT, released in February 2019. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content.
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