Binance Adds Tron’s BitTorrent BTT Trading Pairs to Three Stablecoins (TUSD, USDC and PAX)
The BTT Token by BitTorrent is only a few weeks old. Despite this, it has already gotten the endorsement of one of the biggest crypto exchanges in the world.
Besides that, it has become quite popular in the crypto community. After Tron Foundation went out of its way to promote the token and growing familiarity with the BTT, Binance decided it needs to pair it with three stable coins.
— Binance (@binance) February 14, 2019
The Stablecoin Pairs
Binance announced that it would be paired with PAX, TUSD, and USDC. This will take place on February 15, 2019, at 10 AM UTC. Sun, the CEO of Tron has gotten a lot of support from Binance in his effort to create the BTT. The BTT listing announcement was revealed on Twitter by Sun.
BTT created a major buzz when it launched. Later, it was listed on various exchanges such as Bitrue where it was recently listed. The listing on Bitrue was revealed via a tweet. Apart from a listing on a number of exchanges, BitTorrent also has a BB card, which is powered by GRID. The Tron CEO shared the news and expressed surprise at how much the BTT was getting. He was quite appreciative of the Tron community for the support.
The price of BTT is currently at $ 0.00011074. It has seen trading volumes of about $132 million in the past 24 hours. It is quite traded on Binance with volumes of about $51 million traded for the USDT pair.
About The BTT
BitTorrent, which is a pioneer of P2P technology, recently launched the BTT token. The BitTorrent Foundation issued the BTT. Tron bought BitTorrent foundation last year. It is claimed that BitTorrent has 100 million users. Sun, the Tron CEO said that the move would help introduce blockchain tech to hundreds of millions of users.
The plan to launch BTT came after an announcement of the Project Atlas. It is an iteration of the P2P software. It allows users to trade and ear crypto as they share files. Under the current system, users have to place their file online for them to download another file. In the Project Atlas, users have no incentive to seed a file when they are done downloading.
With BTT, users will pay someone holding the file to send it to them. They can also pay to get more bandwidth for faster downloads. This way, hosts have an incentive to keep seeding files. This way, users will be able to download something quicker.
A spokesperson for Tron confirmed that they would not take any cut. The BTT is a TRC10 token. There will be 990 billion BTT.
BTT will be offered to those outside the US via Binance Launchpad. Airdrops will also be used to distribute the tokens. These airdrops will be announced via tweets and press releases. At first, the tokens will work via the uTorrent Classic client. However, those who do not wish to spend BTT will still be able to share files with those that use the new system.