Busy times over at Binance with the SAFU Hackathon on it’s final day, the Binance Blockchain week in full swing, Binance Jersey having launched. As if that wasn’t enough, we now have the official announcement of the Binance Launchpad Bittorrent token sale, and it starts in just 8 days. Full details can be found below.
Binance Launchpad Bittorrent token sale
Binance Launchpad, the exclusive token launch platform of cryptocurrency exchange Binance, will launch the token sale of BitTorrent (BTT) on January 28, 2019, at 3 p.m. UTC. This follows the platform’s announcement earlier this month about its launch of new blockchain projects.
As part of our continued support for transformative crypto and blockchain projects worldwide, Binance Launchpad is helping BitTorrent to launch BTT, not only by providing a launch platform but also by offering a full advisory service. In fact, Binance Research, the institutional-grade research division of Binance for blockchain projects, has a new research report on BTT, which you can read here.
The token sale for BTT is being conducted in advance of BitTorrent’s plan to launch BitTorrent Speed, a new solution that connects and rewards users with BTT for sharing files in a peer-to-peer network, this summer.
Binance launchpad BitTorrent Token sale Details
The BitTorrent token sale will run in two simultaneous sessions: one for purchases using Binance Coin (BNB) and another for purchases using TRON (TRX). In the BNB session, 23.76 billion BTT are for sale, while TRX session participants can get up to 35.64 billion BTT in total.
BTT will be sold on a first come, first served basis. Each BTT token will cost US$ 0.00012, although exact prices in BNB and TRX will be set on January 28. Each participant being able to get up to US$20,000 worth of BTT.
BTT: Earn Crypto by Using BitTorrent Speed
BitTorrent, a TRON-affiliated blockchain project for peer-to-peer file sharing, intends to “create the world’s largest blockchain application for speedy uploading and downloading of files” through BitTorrent Speed and the BTT token.
“More than 100 million users soon will have the opportunity to be part of a boundary-free internet that supports personal privacy and connection around the world,” said Tron Founder and BitTorrent CEO Justin Sun about BitTorrent Speed.
BitTorrent Speed is slated to launch this summer on the popular µTorrent Classic Windows client. It will become available for other BitTorrent users by late 2019.
BitTorrent: Increasing Crypto Adoption
The upcoming launch of BTT is not the first time that BitTorrent advanced cryptocurrency adoption worldwide. Since November 2018, the peer-to-peer sharing service has accepted payments of TRON, BNB, and Bitcoin (BTC) for users who want to purchase one-year subscriptions to BitTorrent and µTorrent products, including Ads Free and Pro for Windows.
The Binance launchpad BitTorrent Token sale is the first of many blockchain projects to be featured on Binance Launchpad in the coming months. For more details about the token sale platform, upcoming launches and the process of each offering, visit Binance Launchpad now.
* Users from the following countries will not be able to participate in token sales on the Binance Launchpad platform: Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, China, Cote d’Ivoire, Cuba, Democratic Republic of the Congo, Ethiopia, Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Liberia, Libya, Myanmar, North Korea, Republic of Macedonia, Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Thailand, Trinidad & Tobago, Tunisia, Uganda, Ukraine, United States, Venezuela, Yemen, Zimbabwe. This list of excluded countries may be subject to change and may vary from project to project. This post does not constitute investment advice nor should it be misconstrued as such. Certain information set forth in this post contains forward-looking statements and are not guarantees of future actions by Binance or any of its affiliates. All investments are subject to high market risk. Please be cautious when making your investments. While Binance Launchpad exerts utmost care in choosing and supporting transformative blockchain projects, we will not be responsible for any investment losses.