The company announced regarding BitTorrent speed and the new launch of BTT Token. Tron Foundation reveals its biggest announcement to acquire the BitTorrent in 2018. From some time now, the company is preparing for the upcoming launch of their BTT token ICO. The official website read:
BitTorrent (BTT) allows content creators to connect with their audience, earn and spend digital currency without a middleman.
The new service entitles as BitTorrent Speed which is said to integrate the Tron TRC-10 operating on BTT token within the µTorrent Windows application. Also, Justin Knoll, the head of Project Atlas acclaims the potency of BitTorrent saying:
Unlimited data with no central cost. No servers, no bandwidth bill.
This new system is set to launch by mid-quarter of this year 2019. Moreover, the tokens will get storage in a built-in wallet. It adds saying that this service will be interchangeable with TRX tokens via decentralized exchange.
The new token crowdfunding is yet to officially go live, however, it is already grabbing attention. Also, BTT tokens will get access for purchase through the Binance Launchpad platform. Meanwhile, Johnathan Yoni Alexander Assia, the CEO at eToro notes that he might invest in the ICO holding a “nice concept for token economics”
This is BIG, an ICO for @BitTorrent with 100M users and nice concept for token economics – lead by @Tronfoundation who bought @BitTorrent and partnering with @binance . I promised myself I wont invest in any ICOs for a while, but its interesting… smart move from $TRX… #myidea https://t.co/VVrEBWqxBY
— Yoni Assia (@yoniassia) January 17, 2019
The ongoing industry players can still make a wide difference relating to the success of an ICO (initial coin offering). On the other hand, BTT gets a primer to become one amongst the biggest of the year.
This seems great news specifically for Tron which is now performing really well on its solid fundamentals. The recent new exchange collaboration including Coingate, ABCC, they are the first firm that are listing TRC-10 tokens and kept TRX lifted.
They are helping TRX to maintain its rank amongst the top ten positions while competitors like Ethereum, EOS are falling back. Meanwhile, the niTROn summit that was held in San Francisco is also ongoing which today resulted in a successful day one.
#niTROn2019 Day 1 successfully finished, #TRON team is about to host a gala dinner with today's amazing spokespersons. We will with @kobebryant
to look forward to your coming tomorrow. #TRX 🎉🎉🎉 pic.twitter.com/AYHOrSx1Hy
— TRON Foundation (@Tronfoundation) January 18, 2019
The post says that various big names from the industry hold the stage speaking about the future developments, decentralized exchange challenges, BitTorrent Speed and the BTT token, expansion of DApps ecosystem, along with some course the regarding Tron Foundation.
Recently, TRX flips with a 3% profit on the day one presenting it a top performer within the top ten. At the same time, previous month, Tron TRX was making its recovery for almost 80% as its competitor are striving.