How to Get The BitTorrent Token (BTT)?

Despite the stage of deep correction on the cryptomarket successful projects continue their development and literally pave the way to a happy cryptocurrency future. One of the most striking examples is the BitTorrent project.

History

BitTorrent is the flagship developer of peer-to-peer technology for sharing files on the Internet. The leading places among the company’s products were taken by the well-known μTorrent and BitTorrent. According to the information on the official website — 40% of every day’s global traffic comes from the use of μTorrent and BitTorrent, and more than 170 million people use these products every month. These are stunning numbers.

Of course, it’s hard not to notice such a promising company. The first reports about BitTorrent plan to acquire the Tron Foundation appeared in May 2018, and on July 24, the company confirmed the rumors about the acquisition by a statement on its official Twitter page:

“It’s official. BitTorrent is now part of TRON. We pioneered the world’s largest decentralized p2p protocol, now we’re joining forces with TRON to build the future of the decentralized internet.”

On the same day, Justin Sun confirmed the official statement on the BitTorrent blog, stating that BitTorrent and TRON would work together to create a decentralized Internet.

What is happening now?

The story of TRON and BitTorrent got its continuation 6 months later. On January 3, 2019, Cointelegraph issued a press release about the BitTorrent’s peer-to-peer torrent client, as part of Project Atlas, plans to release its own BitTorrent tokens (BTT). This is the first and the most important step in the tokenization of its own ecosystem, which serves more than 100 million users.

According to the provided information, the exchange of BTT tokens between users will help to optimize the speed, which will make file downloads even faster.

Also, the release revealed the structure of the new token. BTT tokens is compatible with TRC-10, which means that they fully comply with the technical standard supported by the TRON blockchain.

Now, the BitTorrent Foundation is actively stimulating community interest in a new token — the large-scale Airdrop plan appeared in the official project’s blog. According to the plan, airdrop will be held every month, up to the year 2025. Over the entire period, BitTorrent Foundation plans to distribute 99,990,000,000 BTT. The first distribution of BTT tokens among TRON cryptocurrency holders took place on February 11, 2019, and amounted to 10,890,000,000 BTT. Clients of the Binance cryptocurrency exchange, as well as users of Tron Wallet and Trust Wallet, have already received the first BTT coins to their exchange account.

How to get BTT if you have USD or EUR?

First of all, you need to do is to get the TRON cryptocurrency. Second of all, you are to withdraw funds to the exchange, which participates in the airdrop of BTT coins. The problem is that the exchanges participating in the airdrop, mostly do not work with fiat currencies. To solve the issue, find the suitable the exchange where TRX/USD or TRX/EUR currency pairs are presented.

According to coinmarketcap.com, 11 cryptocurrency exchanges give the opportunity to purchase TRON for USD. The price and volume of trades indicators are the highest at EXMO.

EXMO cryptocurrency exchange is famous for its intuitive and simple interface. After a quick registration, a wide choice of trading instruments are available to use: more than 130 currency pairs and a huge number of payment systems for depositing and withdrawing fiat currencies.

For example, you can deposit or withdraw USD using such popular payment methods: AdvCash, Perfect Money, CryptoCapital, Payeer, Skrill, Visa/MasterCard, and EUR: CryptoCapital, Payeer, AdvCash, Perfect Money, Visa/Mastercard, Wire Transfer, Skrill, Rapid Transfer, SEPA.

The commission for each payment system is individual, the detailed information is available on the official website of the exchange in the section “Fees and limits”.

The other fiat currencies on the platform are Russian ruble (RUB), Ukrainian hryvnia (UAH), Turkish lira (TRY), and Polish zloty (PLN). As you can see EXMO is gradually expanding the markets of influence and it is expected that in the nearest future more exclusive currency pairs will appear on the platform.