Tron (TRX) bought BitTorrent last year for $126 million.
They now did an ICO to sell 6% of the BTT tokens to the public for $7.2 million.

20% of the total supply will be airdropped to Tron holders and BitTorrent users in the next 6 years.

Here are all my thoughts and concerns on the BitTorrent (BTT) tokenization.

BTT airdrop info: https://airdrops.io/bittorrent/

#BitTorrent #Tron #ICO

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25 COMMENTS

  1. Hey “Young and Investing”, great work I love your stuff! Have you heard of Uptrennd yet? Your content would be “perfect” on there, and you’d make way more money from the paid Upvotes. If you register let me know I’ll follow you!!

  2. It seems that maybe you haven't read into the BTT white paper!? The utility of the BTT token is that by this summer they expect users of BitTorrent to be able to use this token to:

    1. Pay a small amount in BTT for faster downloads
    2. Recieve a small amount in BTT for seeding

    Thereby making it the biggest Dapp in crypto history in terms of utility and user base (100 million). Its succes however depend on wether the BitTorrent users will embrace this option or not (they can also chose not to and still use BitTorrent like they're used to). Time will tell.

    As to how they will handle so many transactions, it was already adressed by TRON super-representative Misha Lederman who, in response to Morris' claims, stated that much of the traffic will be handled “off-chain”—through a “high-performance private ledger”—as well as “on chain”—through TRON’s own decentralized protocol. This too can be read in TRON’s updated BitTorrent white paper

  3. Lance Armstrong had a billionaire investor friend who convinced him to invest $100,000 in a start-up company.
    years went by and eventually the friend contacted him about his huge gains in the investment, to Lance's shock.
    the company at the time had a funny name it was called uber. needless to say Lance became a billionaire himself because of that.

  4. It's a useless token like 90% of cryptocurrencies, Torrent users don't want to pay for anything, the ICO was a money grab for Tron and Binance. People have short memories in crypto, remember the Verge Porn hub announcement ?

  5. If you don't think Justin Sun and TRON Foundation haven't already been working with the SEC then you don't know the depth and vision of Justin Sun. They just hired a former big SEC attorney. it was all over the crypto news

  6. I think this idea of BTT is crap. So do tron investors put money into TRX or BTT? Both, neither? Either way, TRX loses money. Should've used TRX only. ICO was bs too. Pumped and went to big wallets only. Air drop lol idk, not liking tron now. I enjoyed the profits with TRX pumping over last month, but is essentially splitting investors a good idea??

  7. Accumulating BTC since 2012… Got in on the ground floor with LTC & TrX (for speed) iOST & ZIL (for scalability) NCASH & TNB (for resource buybacks and mining)… Just bought another 100,000,000 HOT, NPXS & DENT (for resource buybacks and mining FOR information is knowledge and KNOWLEDGE is POWER) each @12 & @28 sats… These are MAGIC beans… Invest with confidence and patience… They WILL ALL 100x – 1000x by 2020! 😉 HODL

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