BitTorrent(New)(BTTC)
#73
BTT
$0.00000082-3.56%
≈$0.00000082≈฿0.0{10}11910
Today
Low:$0.00000083
High:$0.00000085
Yesterday
Low:$0.00000081
High:$0.00000084
Market information
Market Cap $790,278,709.02
Global Volume(24H)$15,383,800.52
All-Time Low$0.00000037
All-Time High$0.01336730
Initial Price$0.00012
ROI -99.3198%
Circulating Supply 968,246,428,571,000 BTT
Circulation Percentage 97.8027%
Max Supply 990,000,000,000,000 BTT
Total Supply 990,000,000,000,000 BTT
Price history
Information
Website https://bt.io/
Media Media
Explorer Explorer
Source Code https://github.com/bittorrent/bittorrent.org
Converter
BTT
USD
Project Introduction
BTT is a trC-10 utility token based on the program blockchain that supports the functionality of the world's most popular de-protocol and application. Btt-powered Dapps including BitTorrent Speed, BitTorrent file system, DLive and others are in the works.
Project Vision
Sun yuchen has publicly stated that it acquired BitTorrent because it shares a common vision with Tron to strengthen Internet infrastructure and truly decentralize the Internet.
Market Demand
For BitTorrent, early Internet practitioners are very clear, the network download is slow, a lot of students in the dormitory with BT download resources, which the client software endpoint to collaborate, to large files efficiently and reliably distributed to multiple clients, the more users download, the faster the speed, to say the decentralized system application, BitTorrent is the first.
Solution
BitTorrent is a groundbreaking distributed communication protocol invented by Bram Cohen in 2001. It is a peer-to-peer protocol that uses financial incentives to make it easier to transfer high-volume and high-demand files over the Internet, eliminating the need for a central, reliable server. BTT project is the first IEO project of Binance, with more than 1 billion users.
Project Implementation Mechanism
BitTorrent is a content distribution protocol that uses an efficient software distribution system and peer-to-peer technology to share large files, such as a movie or TV show, and allows each user to upload them in a way that networks redistribute nodes. BitTorrent offers a truly decentralized system in which there is no single technical or organizational point of failure. In fact, BitTorrent has built an environment that not only upends the existing "rules of the game," And the current censorship system is hard to control.
Token Usage Scenarios
1. It can work with token wallets and bidding engines, allowing clients to charge and accept bids for bandwidth. 2. Users can purchase and download resources directly from content creators using BTT. 3. Audiences can reward performers with BTT tokens and other gifts during the live broadcast. 4. For crowdfunding, use smart contract to manage project funds. 5. Payment for storage, computing, resource supply, content distribution CDN and other services.
Algorithm
DPoS (Proof of entrusted Interest) consensus algorithm is adopted.
Characteristic
The BTT function will be bundled with BT software. 3. Users can choose to turn off the BTT function
Technical Characteristics
BitTorrent technology is an emerging peer-to-peer resource sharing technology with the feature of "more connections, faster downloads".
Release Mechanism
BTT total 990 billion shares are distributed as follows: Private 2% partners 4% Public offering 6% Seed round 9% BitTorrent Airdrop 10% Tron Airdrop 10.1% Tron Foundation 20% BitTorrent ecosystem 19.9% Team holding 19%
Project Highlights
1. BitTorrent is a multi-point to peer (P2P) download software. Unlike FTP, which has only one sending source, BT has multiple sending points, so that when users are downloading, they are also uploading, so that everyone is in the state of synchronous transmission. 2. Users can buy files from others by paying BTT tokens, and get more broadband and improve download speeds by paying BTT. With BTT, BitTorrent hopes to strengthen its web traffic ecosystem by encouraging users to share files and use faster Internet connections.
Competitors
BitTorrent is more innovative than IPFS in that it supports better file version management and download management and saves storage space, but it lacks a user base and is more complex to use than BitTorrent. In addition, IPFS 'main network has been slow to come online, so there will be no competitive pressure on BitTorrent. BitTorrent itself is an older, existing product with huge name recognition, which is one of BTT's biggest advantages. In spite of problems such as short life of seed and slow download speed, since 2019, the BTT token incentive mechanism has been introduced to improve the overall download experience of users, and gradually establish the BTT token ecosystem, prompting consumers to continuously share bandwidth, storage and other resources on their personal devices, and produce corresponding value. So BitTorrent will remain the king of downloads in the future.
Points
BTT is a token issued by BitTorrent project based on blockchain technology. As the opening work of BINance IEO, 10 times the performance of the line is also bright enough. Speaking of the advantages of the project, the first is that the project itself has a huge user group, which gives the project a large community flow and a high degree of activity. In addition, all kinds of hype marketing after tron's acquisition also played a great role in promoting the subsequent rise of the currency price.
Market Commentary
BTT is backed by BitTorrent and Tron, with both the old BT download as the base and tron's support, so the project strength is still there. However, it seems that the development prospects of BTT are very general, not only the resource copyright issues have certain legal risks, but also the use of BitTorrent is becoming less and less, with the development of the network (5G, etc.), the download speed of large files will gradually become no problem. Usage scenarios after BTT may become smaller and smaller.
KOL
Miss Moon: "The BitTorrent protocol is the largest decentralized protocol in the world, with over a billion users. Bittorrent technology is a file distribution protocol. Designed to enable distribution of large and popular files over the Internet without the need to configure very large servers with ultra-high bandwidth. The Bittorrent architecture is distributed across client software, any number of Torrent sites and tracking node servers, meaning that once a large number of people use the technology, the network cannot be shut down by an attack. Because Bittorrent technology opened up so early, many companies and individuals developed all the components of Bittorrent. There is no centralized technology company, and no way to force anyone or organization to shut down the network. Censorship was hard, at least in the most influential democracies that dominated the early Internet. Unlike current cryptocurrency systems, there are no token tokens in the Bittorrent system "- instead, the economics behind the system rely on transient barter relationships, with nodes selecting nodes that have established links to share content and taking a step to share files. In the market, the initial price of BTT is 0.00012USD, which has increased by about 8 times. The circulation of tokens accounts for about 17% of the total, and the circulation will expand to about 35% after one year. The expansion rate of circulation in the first year is relatively large, and the market will be under pressure. Market heat is good, trading is also more active, the current price is low, can be appropriate to hold."
Project Risk
BT itself is a mature project, the project progress is still very fast. On July 8, 2020, BitTorrent Speed was launched, which rewards users with BTT tokens in exchange for seeds and bandwidth to achieve faster download Speed. However, BTTbank was attacked by hackers, resulting in the theft of 150 million BTT. Although the official compensation was made, people doubted its technology greatly. There is no progress without experience, and I hope the team will develop well. This project is a good example of blockchain history.
Values
BTT is the Token of the BitTorrent protocol, the world's largest decentralized P2P protocol commercial, with over 1 billion users, is currently the most popular user software. BTT is a collaboration between BitTorrent and Tron, which completed its acquisition of BitTorrent and all of its products. Judging from the team members, the strength is quite strong. Not only has the world's largest P2P product development team, but also joined the tron public chain cooperation development team, technical strength is guaranteed. In terms of development progress, BTFS system based on BTT (as opposed to IPFS interplanetary File Transfer System) has been in full swing, and the progress is much faster than IPFS. BTT is the first IEO to log in binance Exchange, and it is also the most dazzling one, with a high return of 10 times, and a return of 3 times in the price so far. Trend-wise, BTT hasn't disappointed investors too much. At present, BTT is on the shelves of all first-class exchanges, with good liquidity and large daily turnover. At the same time, under the promotion of Sun Yuchen, the first IP figure in the coin circle, BTT traffic will be more and more large. In general, BTT is a project with relatively potential.
Investment Opportunity
BTT is one of TRON's good cryptocurrency projects with medium liquidity. Price action suggests this is a profitable investment. But it is best to trade carefully.
Pairs
Rank | Source | Pair | Price | 24h | Volume(24H) | Trading Percent | Updated | ||||
---|---|---|---|---|---|---|---|---|---|---|---|
1 | Upbit | 1 | Upbit | BTT/KRW | 0.00113800 | -3.56% | $1,990,379.08 | 6.4418% | 2024-11-03 12:41:25 | ||
2 | Binance | 2 | Binance | BTTC/USDT | 0.00000082 | -3.53% | $1,043,331.74 | 3.3767% | 2024-11-03 12:48:14 | ||
3 | CoinW | 3 | CoinW | BTT/USDT | 0.00000081 | -3.54% | $491,705.47 | 1.5914% | 2024-11-03 12:48:16 | ||
4 | Bitget | 4 | Bitget | BTT/USDT | 0.00000082 | -3.32% | $143,794 | 0.4654% | 2024-11-03 12:46:46 | ||
5 | OKX | 5 | OKX | BTT/USDT | 0.00000081 | -3.48% | $143,140.35 | 0.4633% | 2024-11-03 12:47:17 | ||
6 | Binance | 6 | Binance | BTTC/TRY | 0.00002821 | -3.26% | $141,067.94 | 0.4566% | 2024-11-03 12:48:45 | ||
7 | Gate.io | 7 | Gate.io | BTT/USDT | 0.00000082 | -3.18% | $66,418.22 | 0.2150% | 2024-11-03 12:46:42 | ||
8 | KuCoin | 8 | KuCoin | BTT/USDT | 0.00000081 | -3.41% | $57,014.31 | 0.1845% | 2024-11-03 12:48:33 | ||
9 | Bitfinex | 9 | Bitfinex | BTT/USD | $0.00000082 | -4.65% | $33,758.57 | 0.1093% | 2024-11-03 12:47:56 | ||
10 | BingX | 10 | BingX | BTT/USDT | 0.00000082 | -2.38% | $30,219.7 | 0.0978% | 2024-11-03 12:48:48 | ||
11 | MEXC | 11 | MEXC | BTT/USDC | 0.00000082 | -3.14% | $25,484.32 | 0.0825% | 2024-11-03 12:48:45 | ||
12 | Kraken | 12 | Kraken | BTT/USD | $0.00000081 | -5.81% | $25,061.32 | 0.0811% | 2024-11-03 12:40:47 |
Trading platform transaction information
Trading Percent
All Exchange
Exchange | Volume(24H) | Trading Percent | |||
---|---|---|---|---|---|
OKX | OKX | $143,140.35 | 0.9226% | Visit | |
Binance | Binance | $1,184,399.68 | 7.6344% | Visit | |
Bitfinex | Bitfinex | $33,758.57 | 0.2176% | Visit | |
Kraken | Kraken | $30,052.11 | 0.1937% | Visit | |
Gate.io | Gate.io | $66,667.82 | 0.4297% | Visit | |
KuCoin | KuCoin | $57,014.31 | 0.3675% | Visit | |
Bitget | Bitget | $143,794 | 0.9269% | Visit | |
MEXC | MEXC | $44,978.14 | 0.2899% | Visit | |
BingX | BingX | $30,219.7 | 0.1948% | Visit | |
Upbit | Upbit | $1,990,379.08 | 12.8295% | Visit | |
HitBTC | HitBTC | $99.6486 | 0.0006% | Visit |