A report has revealed that the BitTorrent has now launched a
token which is going to be represented as the BTT for its more than 100 Million
users, which is said to be as the world largest decentralized P2P protocol.
The token is called by the name as BitTorrent and has been
launched on the Binance Launchpad, will be issued by the Foundation of
BitTorrent, that is established in Singapore.
The idea will provide the users to exchange the tokens with
its peer to peer products and protocols.
At the time when the users are provided with the enhancement
to use the BTT tokens for the much faster downloads, the company has an aim to
accelerate the overall speed of the torrents.
According to the Founder of Tron and CEO of BitTorrent, the
“BitTorrent token is the first in a series of steps to support a decentralized
internet.”
“In one giant leap, the BitTorrent client can introduce
blockchain to hundreds of millions of users around the world and empower a new
generation of content creators with the tools to distribute their content
directly to others on the web.”
BitTorrent will be going to apply in the uTorrent classic
client and is said to be one of the most famous and widespread application.
“We created Launchpad
to help entrepreneurs launch their best projects and bring more use cases to
the industry,” Changpeng Zhao (‘CZ’), Binance CEO and Founder has said.
“BitTorrent is a decentralized project by nature, with a
large user base, that is now adding a new token economy to their use case.
Through Launchpad, BitTorrent will have greater access to resources across the
Binance ecosystem. This will be a case study for existing projects.”
The Launchpad of the Binance is revealed to help the startups
in getting the funds in their blockchain product while having the advice of the
Binance resources.
