BitTorrent ICO on Binance Launchpad completed in record time!

BitTorrent ICO on Binance Launchpad completed in record time!

The BitTorrent Token ICO of the BitTorrent Foundation successfully reached its hardcap of 7,2 million USD within less than 30 seconds. The BTT Token were sold Binance’s launchpad platform on the 28th of January 2019. The BitTorrent Token sold for 0,00012 USD per Token. Individual investors were not allowed to invest over 20.000 USD per person. As the ICO was organised on the Binance Launchpad, investors could only buy the Token with Binance’s own BNB Token or with Tron Token.

Only 17% of BTT was available in this sale with most of the 990.000.000.000 intended to be airdropped over the next 6 years for Tron (TRX) holders. All holders keeping Tron in supported wallets or exchanges will be eligible for the airdrop. Binance and several other platforms have already officially announced their support. Following the ICO BTT’s price has dropped by about 9% from 0,000516 to 0,000468 USD.

This initial price drop does not seem to disturb the investors at this point in time and the overall outlook for BTT seems to be positive, especially because the BitTorrent Foundation is a well-known business. BTT has an advantage over most competitors, as BitTorrent is a platform that is already used by millions of people. Thus, the tokenization of it, is not a totally new project but an upgrade to an existing ecosystem of users and supporters. A good sign was of course the quick completion of the ICO which is a feat only few projects can accomplish in this crypto winter. Most ICO need to have long pre-ICO and ICO periods to raise the necesarry funds for their projects.

BTT’s Future

Overall it of course remains to be seen if the people behind BTT can keep on track. They promise to build a direct P2P platform for content creators.

Learn more about the BitTorrent Token here: Click!

BTT Details:

Ticker: BTT

Type: TRC-10 Token

Supply: 990.000.000.000 BTT

Current Markets: Binance, UPbit, CoinTIger, OKEx, Bitbns

The airdrop schedule can be found here: Click!

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