BitTorrent (BTT)

 23% - 9 reviews
BitTorrent aims to tokenize the decentralized file-sharing protocol with their cryptocurrency asset launched early in 2019   
Category: Coin/Token
$ 0.00
$ 257.7 M
$ 131 M

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avatar bdempsey 15 rated:

bdempsey posted on December 21, 2019 22:49:09

While BitTorrent the protocol is highly impactful and valuable, the BTT token looks like another mass fundraising attempt by Tron creator Justin Sun. Immediately after the acquisition of BitTorrent, he launched an IEO. I do not see anything additive that he is bringing to this project.

avatar mempooled 16 rated:

mempooled posted on December 19, 2019 04:18:33

This project has been interesting to watch. The Bittorrent platform is a massive platform with first mover advantage and if it can be improved by using blockchain tech then I'm happy to see that happen. Distributed and decentralized technologies need to work together in these markets.

avatar mistergrin 97 rated:

mistergrin posted on August 16, 2019 13:23:37

Originally I was skeptical about this project and thought they should have just integrated TRX instead of made a whole separate token with their own token sale (money grab? *sigh*)

But beyond that, Tron was able to acquire a widely used product and bake in a new token ecosystem aimed to improve user experience, so I am hopeful about that.

Seems like BitTorrent Speed was

avatar Luke B 25 rated:

Luke B posted on March 23, 2019 06:37:13

it does confuse me to why you would pay for something you download for free. i know the token will be used for seeding purposes too but people done this so it was free i am just very unsure how well this will go down but we do not know their full intentions but i just see this as a very confusing situation if i am honest.

avatar CptofIndustry 44 rated:

CptofIndustry posted on February 08, 2019 19:19:17

With only 8 percent of the supply released to investors I suspect this project was solely created to bring in more money to projects that are running short on funding in the difficult times experienced by the crypto space.

Binance and Tron are working together to promote this project to increase their bottom line.
The distribution dynamics of this project are designed to subtract

avatar Steve_Cash 19 rated:

Steve_Cash posted on February 08, 2019 16:39:02

Not liking where this is going, but I will keep the faith. Was this a legitimate cryptocurrency? What was the need for it? I have not seen a lot of great news about this project so far, besides its a 10 year old organisation.

avatar Crypto Anonymous 224 rated:

Crypto Anonymous posted on January 31, 2019 22:50:40

Well if only whales get burned by this latest Justin Sun money grab. I wouldn't mind it so much, but unfortunately also average retail investors can be this token on the market from the whales. I was disappointed they did an ICO for this; if they wanted to use a fair token reward system, they should have airdropped it. Imo this is a stab in the back for TRX holders. Not sure about the eventual token

avatar Crypto Chick 52 rated:

Crypto Chick posted on January 30, 2019 11:56:58

I really wanted to give this project a chance but even ex-Bittorrent employees are criticizing this move. Just check this out: this ex-employee says Tron's network work be able to handle the high rate of transactions of Bittorrent. I guess we'll have to wait and see...

avatar stellarowl12 224 rated:

stellarowl12 posted on January 30, 2019 11:48:44

Honestly, I like the concept of using a token to incentivize seeders in the BitTorrent file sharing ecosystem. However, this screams of a money grab by Justin Sun and Tron. Cool that they bought out BitTorrent, but why not just utilize TRX for this project? They want to print more money and turns out only whales were able to get in on the ICO held on Binance. I just don't have a good feeling surrounding

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