BitTorrent
Name
BitTorrent
Summary
BitTorrent is one of the world's most popular decentralized file-sharing protocols.
-It was founded by Bram Cohen in 2001 and later bought by blockchain platform TRON in 2018.
-It is a TRC-10 token on the Tron blockchain
-1 BTT (Old) = 1000 BTTC
Rating
Symbol
BTT
Overview
Many internet users are familiar with Bram Cohen's BitTorrent peer-to-peer protocol, which is used to power torrent clients worldwide. BitTorrent Token (BTT) is a Tron Network-based TRC-10 token. The BitTorrent team provides a distributed infrastructure framework to third-party app developers with the BitTorrent token (BTT), allowing consumers to contribute tiny amounts of value from their devices by enabling others to use their extra resources. The BTT token extends the well-known protocol to create a token-based economy for networking, bandwidth, and storage resources on the existing BitTorrent network, allowing network users to "capture the value of sharing bandwidth and storage."
Users using torrent clients frequently suffer issues with the existing BitTorrent infrastructure, such as delayed downloads and content that become inaccessible over time. The token can enable quicker download speeds and more extended swarm longevity for the entire network by providing monetary incentives for users to share.
Historical Price Movement (in INR)
Technology
It is a cooperative effort between Tron and the BitTorrent Foundation to tokenize the popular file-sharing protocol and use blockchain to improve content delivery and bandwidth availability.
BTT is a TRC-10 utility token based on Tron blockchain
TRC10 is a technical token standard accessible via API (application programming interface)
Use of native tokens in the ecosystem:
BitTorrent's native cryptocurrency, BTT, is a TRC-10 standard token produced on the TRON network.
Public Token Sale
6%
Private token sale
2%
Seed Sale
9%
Airdrops
20.1%
The BitTorrent team and umbrella organization, the BitTorrent Foundation
19%
The TRON foundation
20%
BitTorrent ecosystem itself
19.9%
Partnership activities
4%
Volume (27th March 2022)
$103,210,356
Total Supply
990000000000000
Circulating supply
923,767.70B BTT
Crowd Sales
BitTorrent has raised $42.9 million in four rounds of investment. Their most recent funding came from an Initial Coin Offering round on January 28, 2019.
Funding
28/01/2019:Initial Coin Offering -$7.1M
16/09/2008:Series C-$7M
01/12/2006:Series B-$20M
01/09/2005:Series A-$8.8M
Country
USA
Name of Organization
BitTorrent, Inc.
Year Incorporated
2004
Registered Address
303, 2nd Street, Suite S200, San Francisco, California 94107, USA
Dispute Resolution and Governing Law
USA
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Bram Cohen | Founder | Stuyvesant High School: High School Diploma | 23 Yrs |
Whitepaper 
