The token can be exchanged between users to optimize their network speed and achieve faster downloads, according to the press release. BitTorrent’s first bone-fide pierce to start to tokenize the calm pity ecosystem — which reportedly serves over 100 million users — comes around 6 months after the association was acquired by decentralized internet startup TRON for an undisclosed amount.
BTT tokens, which are to be released by the BitTorrent Foundation, underline local TRC-10 harmony — definition they belong to a technical token customary upheld by the TRON blockchain.
BTT will reportedly be exclusively available to non-United States accounts on crypto sell Binance’s “Launchpad” program, and will also be distributed “selectively” around airdrops after this month.
According to the press release, BTT is part of a broader aspiration to emanate a decentralized calm placement height using cryptocurrency. BitTorrent claims that the custom — first combined in 2004 — is now “the largest decentralized P2P network in the world, pushing 22% of upstream and 3% of downstream trade globally.”
The press recover outlines that BTT tokens will first be implemented on BitTorrent’s Windows-based “µTorrent Classic” customer — reportedly the company’s most renouned application.
As formerly reported, the roadmap for TRON and BitTorrent’s mutual formation has been formalized as an beginning dubbed “Project Atlas.” When the span first disclosed more endless sum of their corner skeleton in September, they suggested that tokens in the ecosystem would be used as incentives.
As of press time, TRON (TRX) is ranked as the 10th largest cryptocurrency by marketplace cap, and is trade at around $0.02, up 4.29 percent on the day, according to CoinMarketCap data.