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BitTorrent IPO on Binance Launchpad took less than 15 minutes to sell all 59.4 billion BTT tokens and raised $ 7.2 million.
In June 2018, TRON founder Justin Sun acquired BitTorrent, a company that develops and maintains the file transfer application of the same name, to fully migrate the service to the blockchain. BTT is in the Tron TRC-10 token format and is intended for transactions of resources shared by torrent clients.
The sale of the cryptocurrency took place in two simultaneous sessions, on each of which one token was valued at 0.012 cents. The first was designed only for holders of Binance Coin (BNB) and 23.76 billion BTT were sold on it in 13 minutes. 25 s. In the Tron (TRX) session, 35.46 billion tokens sold out in 14 minutes. 41 p. The sessions were attended by 340 and 622 people, respectively. The minimum purchase volume was 100 thousand BTT.
Binance CEO said it took 18 minutes to complete the initial offering due to technical issues on the platform’s website, but under normal operation, the sale would take 18 seconds as the demand was huge.
The launch of the BitTorrent Speed system using the BTT token based on the TRON platform is planned for the summer.
Recall that Viktor Argonov told why Pavel Durov is interested in launching TON even after the end of the hype.
text: Ivan Malichenko, photo: kurier