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

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Rating

A

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)

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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
NameDesignationEducationExperience
Bram CohenFounderStuyvesant High School: High School Diploma23 Yrs