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BitTorrent (BTT) tokens sell out in less than 20 minutes

Tue, 29 Jan 2019, 11:26 am UTC

The public sale of BitTorrent Tokens (BTT), which was conducted on Binance Launchpad – the token sale platform by leading cryptocurrency exchange Binance, sold out in less than 20 minutes.

The token sale, which followed the acquisition of BitTorrent by TRON last year, offered 59.8 billion BTT, worth around $7.2 million, through two separate sale sessions, CoinDesk reported.

One session was for those who paid using TRON’s native token TRX, and the other for those who paid with Binance’s BNB token. The TRX session saw participation from 622 participants, while the BNB session saw 340 participants.

BTT is a TRC-10 utility token based on the TRON blockchain. It will allow content creators to connect with their audience, earn and spend digital currency without a middleman.

Following the successful token sale, BitTorrent Foundation will now start airdrops of BTT to TRX holders. The first such airdrop is scheduled for February 11 and the final is expected to take place in the year 2025.

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