BTT
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BTT

BitTorrent 5-10 years
Crypto
Coin
Token
Website https://www.bittorrent.com/btt/
Browser
OTH RELPs
Github
White Paper
BTT Avg Price
+0.43%
1D

$ 8.802e-7 USD

$ 8.802e-7 USD

Market Cap

$ 86.774 million USD

$ 86.774m USD

24h trading volume

$ 2,356.17 USD

$ 2,356.17 USD

7d Vol

$ 19,098 USD

$ 19,098 USD

Circulating supply

0.00 0.00 BTT

BitTorrent-related information

Issue Time

2019-02-01

Platform pertained to

--

Current coin price

$8.802e-7USD

Market Cap

$86.774mUSD

Volume of Transaction

24h

$2,356.17USD

Circulating supply

0.00BTT

Volume of Transaction

7d

$19,098USD

Change

24h

+0.43%

Number of Markets

201

Github Messages

More

Warehouse

BitTorrent Inc.

Github's IP Address

[Copy]

Codebase Size

118

Last Updated Time

2020-11-02 20:40:33

Language Involved

--

Agreement

--

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Current Rate0

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WikiBit Risk Alerts

1
Previous Detection 2025-02-11

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

BTT Price Chart

BitTorrent introduction

Markets

3H

+1.6%

1D

+0.43%

1W

+2.79%

1M

-24.68%

1Y

-11.74%

All

-99.92%

AspectInformation
Short NameBTT
Full NameBitTorrent Token
Founded Year2019
Main FoundersJustin Sun, Creator of Tron and BitTorrent
Support ExchangesBinance, Huobi, Okex
Storage WalletTronLink, Trust Wallet

Overview of BTT

BitTorrent Token (BTT) is a type of cryptocurrency that was launched in 2019 by the founder of Tron and BitTorrent, Justin Sun. BTT, built on Tron‘s blockchain, aims to enhance the BitTorrent protocol’s capabilities by introducing a system of economic incentives that encourages users to seed and share files. The token can be stored in wallets such as TronLink and Trust Wallet and is supported by multiple exchanges, including Binance, Huobi, and Okex.

web
overview

Pros and Cons

ProsCons
Enhances BitTorrent protocol functionalityDependent on BitTorrent protocol's success
Supported by major exchangesCoin's value heavily influenced by market speculation
Economic incentives for seeding/sharingRequires adoption by BitTorrent users
Exists on Trons secure blockchainCryptocurrency market volatility

BTT Price Prediction

Over the coming decades, BTT's price is expected to experience fluctuations. By 2030, the trading range is projected to be between $0.00000021 and $0.00000243.In 2040, our forecast suggests BTT could reach a peak price of $0.00000674,with a potential minimum around $0.00000409.Looking ahead to 2050, technical analysis indicates that BTT's price could range from $0.00000014 to $0.00000521,with an estimated average trading price of about $0.00000011.

What Makes BTT Unique?

BitTorrent Token (BTT) introduces a unique innovation in the domain of peer-to-peer file sharing protocols by adding a financial incentive to the process. Built on the Tron blockchain, BTT is designed to enhance the existing BitTorrent protocol, a globally used platform for file sharing which until the conception of BTT, lacked an integrated transactional system.

The innovative aspect of BTT is evidenced by its incentive system which encourages users to seed and share files in the network. The token system rewards users for contributing to the network, which works towards promoting a healthier and more efficient protocol for content distribution.

Unlike most cryptocurrencies which usually function merely as digital currencies for transactions, BTT is primarily a utility token. This means it has a specific use within the BitTorrent network and its value is tied closely to the functionality and success of the BitTorrent protocol. Hence, the utility of BTT extends beyond trading and investment purposes, serving as a key component for an improved protocol efficiency within BitTorrent's ecosystem.

It's worth noting that the success of BTT heavily depends on the successful adoption of the BitTorrent protocol and willingness of users to participate in the token system. This makes BTT different from other standalone cryptocurrencies whose success usually depends more on factors like overall market sentiment, adoption as a payment method, or use in dApps.

UNIQUE

Circulation of BTT

Circulating Supply

The circulating supply of BTT is currently 951.42 trillion tokens. This means that these are the tokens that are currently available to buy and sell on exchanges. The total supply of BTT is 990 billion tokens, but the remaining tokens are not yet in circulation.

Price Fluctuation

The price of BTT has fluctuated significantly since its launch in January 2019. It reached an all-time high of $0.00000144 on April 19, 2021, but has since fallen to its current price of $0.000000394 as of September 19, 2023.

There are a number of factors that can contribute to the price fluctuation of BTT, including:

  • Supply and demand: The price of BTT is determined by the supply of tokens available and the demand for those tokens. If there is more demand for BTT than there is supply, the price will go up. Conversely, if there is more supply of BTT than there is demand, the price will go down.
  • News and market sentiment: Positive news and developments surrounding BTT can boost demand for the token and drive up the price. Conversely, negative news and developments can dampen demand and drive down the price.
  • Overall market conditions: The cryptocurrency market as a whole is volatile and can experience significant price fluctuations. BTT is not immune to these fluctuations and its price can be affected by broader market conditions.

Additional Notes

BTT is the native token of the BitTorrent network, a peer-to-peer file sharing protocol. BTT is used to incentivize users to share files and to pay for services on the BitTorrent network.

The BitTorrent team is working on a number of initiatives, including launching new features and expanding the BitTorrent ecosystem. If the team is successful in executing on its plans, this could boost adoption and demand for BTT.

Overall, BTT is a promising project with a number of potential benefits. However, it is important to be aware of the risks associated with investing in a cryptocurrency, including the risk of price volatility.

Investors should carefully consider their own risk tolerance and investment goals before investing in BTT.

How Does BTT Work?

BitTorrent Token (BTT) operates under the principle of incentivized file sharing. Built on the Tron blockchain, BTT is integrated within the BitTorrent protocol, one of the most popular peer-to-peer file-sharing protocols globally.

The working mode of BTT revolves around incentivizing users to seed files for a longer period. In the conventional scenario, once users had downloaded the files they wanted from BitTorrent, there was no incentive to keep their files available for others to download (a process known as 'seeding'). This lack of seeding could lead to files becoming unavailable or the download speed becoming extremely slow.

The introduction of BTT changes this dynamic. Users are incentivized to seed files even after their download is complete because they are rewarded with BTT tokens for their contribution. The more they seed and allocate bandwidth and storage, the more BTT tokens they might earn.

From a technical perspective, these transactions are facilitated by a set of backward-compatible protocol extensions, a custom token, and an in-client token economy that addresses existing limitations in providing services to a mass-market audience within the current BitTorrent protocol.

As a result, BTT helps to create a healthier ecosystem for content distribution by encouraging users to contribute more resources, leading to potentially increased download speeds and better availability of files. It should, however, be noted that BTT's success relies heavily on the BitTorrent protocol itself, and adoption among its user base

WORK

Exchanges to Buy BTT

1. Binance: Binance is one of the largest and most well-known cryptocurrency exchanges in the world. It supports BTT trading pairs with Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Tether (USDT).

2. Huobi: Huobi Global, another major global exchange, supports BTT trading pairs with BTC, ETH, and USDT.

3. OKEx: OKEx also offers BTT trading against BTC, ETH, and USDT.

4. Bittrex: Bittrex is a U.S-based cryptocurrency exchange that lets users trade BTT against BTC and USDT.

5. KuCoin: At KuCoin, users can trade BTT with BTC, ETH, and USDT.

6. Gate.io: Gate.io supports BTT trading against USDT.

7. Bitfinex: Bitfinex allows users to trade BTT with BTC and USDT.

8. Poloniex: Poloniex users can trade BTT against BTC, USDT, and Tron (TRX).

9. CoinEx: CoinEx offers BTT trading pairs with BTC, ETH, and USDT.

10. HitBTC: On HitBTC, users can trade BTT against BTC, ETH, and USD.

Please note that it's up to the user's own discretion to decide which exchange to use as each platform may have different fees, security features, and ease of use. Each exchange also has different procedures for buying and depositing funds, so users should familiarize themselves with these procedures before buying or trading.

How to Store BTT?

1. Software Wallets: These are programs that can be downloaded and installed on computers or smartphones. Software wallets usually provide a good balance between convenience and security. Examples of software wallets that support BTT include TronLink and Trust Wallet.

2. Hardware Wallets: These are one of the safest options for storing cryptocurrencies. They are physical devices that are not connected to the internet, which makes them immune to online piracies. These devices store the user's private keys and can be used to manage transactions. However, as of now, most hardware wallets such as Ledger or Trezor do not natively support BTT, and manual installation might be required.

3. Browser Extension Wallets: These are extensions that can be added to web browsers. They are convenient as they allow users to easily access and manage their BTT through their browsers. TronLink extension for Google Chrome is an example that supports BTT.

4. Exchange Wallets: Cryptocurrency exchanges also provide wallets where users can store their cryptocurrencies. However, it's worth noting that by using an exchange wallet, users are effectively entrusting the security of their tokens to the exchange, which might be a risk if the exchange comes under any cyber attack or suffers any internal issues.

Always remember key principles of wallet security when dealing with cryptocurrencies. It is always important to make sure you are interacting with the official, trusted wallet source and not a malicious one. Private keys and passwords should be securely stored and never shared.

Should You Buy BTT?

The suitability to buy BitTorrent Token (BTT) or any other cryptocurrency, can vary significantly depending on a person's individual circumstances, including their financial situation, investment goals, risk tolerance and understanding of cryptocurrency markets. Before considering buying BTT, there are several factors one should consider:

1. Knowledge about Cryptocurrency: An understanding of the underlying technology of cryptocurrencies and the mechanics of cryptocurrency markets is highly recommended before making investments. Someone who understands blockchain technology, the BitTorrent protocol, and how BTT integrates with it may be better positioned to assess potential risks and rewards.

2. Investment Goals and Risk Tolerance: Potential investors should consider their individual investment goals and risk tolerance. BTT, like other cryptocurrencies, can be highly volatile which makes it a speculative investment. Those considering buying BTT should be prepared for the possibility of significant price fluctuations.

3. Interest in the BitTorrent Protocol: If you are a regular user or supporter of the BitTorrent protocol, BTT might present an extra layer of interest. Moreover, BTT might be of particular interest to technically inclined users who are interested in the idea of incentivized file sharing.

4. Diversification: It's important to not put all your eggs in one basket. If you are considering buying BTT, ensure it's as part of a diversified portfolio. Diversification can help manage risks.

Please remember that buying cryptocurrencies should not be an impulsive decision but a result of careful thought and research. As with any other investment, one should never invest more than they can afford to lose. Before making any investment decision, it is recommended to do thorough research and/or consult with a financial advisor.

BitTorrent User Reviews

More

12 ratings

Participate in evaluation
FX1003568679
As a cryptocurrency trader, I have used BTT Exchange. The speed of deposit and withdrawal is acceptable, but the interface design needs improvement to be more user-friendly.
2024-03-28 07:04
8
Snoop Dogg
btt a great investment opportunity
2022-10-25 05:50
0
Dory724
Innovative file-sharing integration, but faces competition. Decentralized vision solid, but execution risks.
2023-11-28 18:42
5
Jamlutobomvu
Waiting for the next Bullrun with 20 million units
2023-09-10 23:45
0
Windowlight
BTT is employed as a means of value transfer and rewards within the broader BitTorrent ecosystem. Users can use BTT to purchase premium services, content, or even tip other users for their contributions
2023-11-24 04:28
4
Dazzling Dust
BitTorrent, under TRON's umbrella, has broadened its appeal to encompass not only its traditional user base but also individuals intrigued by decentralized solutions and cryptocurrency. This strategic move reflects a concerted effort to embrace a wider audience and align BitTorrent with the evolving landscape of decentralized technologies.
2023-11-27 10:09
1
Windowlight
BTT (BitTorrent Token) is a cryptocurrency designed to power the BitTorrent ecosystem. It's used for content sharing and incentivizing users. While it has a large user base, its use cases beyond the BitTorrent ecosystem are somewhat limited. Its value can be influenced by trends in file sharing and blockchain adoption
2023-11-07 02:36
1
Jenny8248
BitTorrent Token (BTT) operates within the BitTorrent ecosystem, aiming to incentivize users to share and seed files across its decentralized network. It integrates blockchain technology to reward users for contributing bandwidth and resources.
2023-11-20 20:12
3
FX2001879163
BTT is the best choice for trading crypto! The interface is user friendly and the withdrawal process is very fast.
2023-11-13 07:13
4
hardwork
Btt (BitTorrent): BitTorrent, acquired by Tron, plays a significant role in file-sharing and content distribution. Its integration with blockchain technology holds promise for faster and more efficient downloads.
2023-11-06 23:06
1
FX1743819566
BTT exchange rocks! The UI is super user-friendly, and the trading fees reasonable. Definitely my favourite crypto hub!
2023-10-24 04:53
5
今后余生都是你
Waiting for the next bull market, I have 140 million BTT.
2023-01-17 07:31
0

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