Is BitTorrent attractive enough for investors?

FinanceX
FinanceX
Published in
2 min readAug 20, 2019

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.

As reported, Bittorrent launched a native Tron blockchain-based token, BitTorrent (BTT), at the start of this year, having revealed plans to evolve a tokenized content platform that would enable users to optimize their network speed and attain faster downloads.

Launch of DApp of BTFSFile

Proud to introduce #BTFSFile, a demonstration #DApp of #BTFS, to our community! This DApp only scratches the surface of what the potential of #BTFS could be. For more information, please visit https://github.com/tronprotocol/BTFSFile, according to a report on Twitter on August 16.

The DApp deployment steps consist of:

Deploying the smart contract to the TRON network.

Initializing and launching a BTFS daemon.

Updating the DApp variable config file with the depoyed contract address.

Uploading the DApp to BTFS via the daemon.

Pinning the DApp via BTFS name publish.

Implementation plan next

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.

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FinanceX
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