Justin Sun, the CEO of TRON is excited for the launch of BitTorrent’s TRON-based cryptocurrency, BitTorrent Token (BTT). He has been actively pushing the token through his Twitter and many investors are already bullish on it.
To give an illustration of how the BitTorrent tokens (BTT) will be used, imagine you want to download a certain file through BitTorrent. You would pay BTT to someone with a file and increase your payment to receive more bandwidth to download the file faster.
With this system in place, file hosts now have an inspiration to keep more files available on the network, and everyone can benefit from a greater selection of files and faster download speeds. Project Atlas and the BTT token will certainly improve the existing p2p file sharing system.
Investors looking to obtain BTT before it’s released to market will be able to do so through Binance Launchpad, a listing service used to raise funds via token sales. Also, the tokens will be distributed to TRX holders through airdrops and possibly other methods.
Now, popular Indian crypto exchange WazirX also announced the support for the proposed BitTorrent Token Airdrop.
We’ve got some big news for you, tribe! 📢
You must have read about the upcoming BitTorrent (BTT) token sale, and that Tron holders will receive BTT tokens in an airdrop.
— WazirX (@WazirXIndia) January 10, 2019
Although the details of the airdrop are not clear now, it is anticipated that the exchange will propose further advancements in the coming week.
BitTorrent has over 200 million users and if these users benefit from the improvements Sun intends to implement, BitTorrent very well could be what leads to blockchain mass adoption.
The P2P platform is named the “Grandfather” of decentralized wen according to the Binance CEO. Sun acquired the platform to develop his vision of a decentralized content sharing ecosystem using blockchain technology and cryptocurrency.
He has plans to use BitTorrent to catapult his ideas and digital assets to the end consumer which most crypto companies have failed to do till date.