BitTorrent to Start Accepting BTT Tokens for BitTorrent Pro and Their Ad-Free Products
BitTorrent recently announced that their customers will soon be able to pay for BitTorrent Pro and Ads Free with BitTorrent token (BTT). Currently, they accept TRX, BTC, and BNB for its premium.
BTT will serve the general-purpose mechanism for transacting in computing resources shared between BitTorrent clients and other participating service requesters and service providers. The token will be the main unit of transactions for the provision of different services.
Their whitepaper says:
“BitTorrent protocol providing a way for the value of sharing bandwidth and storage to be captured by network participants beyond the point at which the current protocol no longer values it. Our longer-term vision is to broaden the usage of BitTorrent far beyond current use cases to provide a distributed infrastructure platform to third-party app developers and to enable consumers to continuously distill small amounts of value from their devices by allowing others to make use of their spare resources.”
BitTorrent Speed’s will connect and reward users with BitTorrent (BTT) tokens when they serve content to others via the popular µTorrent network by continuously uploading (seeding) the contents files.
The longer a user uploads (seeds) files, the more BTT tokens they’ll receive. Users downloading the files will be able to pay the content sharers (uploaders/seeders) with BTT tokens to receive faster download speeds. Therefore, users are incentivized to seed their files for longer periods of time and users downloading content benefit from faster speeds.
— BitTorrent Inc. (@BitTorrent) January 26, 2019