Question 1

What is BitTorrent (BTT)?

Accepted Answer

BitTorrent Token (BTT) is a cryptocurrency designed to facilitate transactions within the BitTorrent peer-to-peer (P2P) file-sharing network BitTorrent (BTT) the token is a TRC-10 utility token based on the TRON blockchain, a decentralized blockchain platform, BTT was introduced in January 2019 through an Initial Coin Offering (ICO). It can be used to buy or exchange resources such as bandwidth, storage, and computing power on the BitTorrent network​​.

Question 2

Who created BitTorrent (BTT)?

Accepted Answer

BitTorrent was initially released in 2001 by developers Bram Cohen and David Harrison. The BitTorrent Foundation was later acquired by the Tron Foundation, led by Justin Sun, in 2018. Following this acquisition, the BTT token was introduced to the public by the BitTorrent team in 2019 through an ICO​​.

Question 3

What is it used for?

Accepted Answer

BTT powers a range of decentralized applications, including DLive, BitTorrent Speed, BitTorrent File System, among others. The token has been integrated into the BitTorrent protocol to create a token-based economy for networking, bandwidth, and storage. It enables network participants to capture the value of shared bandwidth.

One of the unique features of BTT is BitTorrent Speed, which allows peers to incentivize each other with BTT to continue seeding files after the complete download, thus enhancing swarm lifetime and download speeds for all swarm participants. Additionally, BTT incentives are available to BitTorrent client implementers, third-party software developers, and online publishers, aiming to increase the variety of participants within the network.

Furthermore, BitTorrent and Torrent software users receive integrated cryptographic token wallets, which, together with the expected widespread availability of BTT wallets, may open the door to new uses for the coin unrelated to BitTorrent technology. The BitTorrent team anticipates that millions of users will amass minor amounts of BTT as a result of offering services, potentially opening up other ways to use their BTT.

BTT serves as a methodological framework for trading computing resources among BitTorrent clients and a liquid market of service requesters and suppliers. In the BitTorrent ecosystem, BTT is the unit used to denominate transactions for the supply of services. The token is divisible, allowing for more precise pricing​​.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	BTT-USDT BTT_USDT	whitebit	BB	0.0₆3150USDT	-0.03%	578,699,748,839.00BTT	10,705	0.0₆3151USDT	0.0₆3181USDT
2	BTT-USD BTT1MUSD	bullish	AA	0.0₆3142USD	0.67%	531,844,034,940.00BTT	330	0.0₆3121USD	0.0₆3142USD
3	BTT-USDT BTTCUSDT	binance	AA	0.0₆3200USDT	0.00%	413,709,432,044.00BTT	7,383	0.0₆3200USDT	0.0₆3200USDT
4	BTT-USDT BTT_USDT	gateio	A	0.0₆3153USDT	0.99%	216,064,817,553.00BTT	1,285	0.0₆3122USDT	0.0₆3160USDT
5	BTT-USDT BTTUSDT_SPBL	bitget	BB	0.0₆3145USDT	0.87%	165,079,152,689.00BTT	709	0.0₆3118USDT	0.0₆3164USDT
6	BTT-USDT BTTUSDT	bybit	A	0.0₆3143USDT	0.35%	156,830,121,272.00BTT	1,502	0.0₆3132USDT	0.0₆3166USDT
7	BTT-USD BTTUSD	kraken	AA	0.0₆3145USD	0.35%	37,457,585,283.24BTT	274	0.0₆3134USD	0.0₆3385USD
8	BTT-USDT BTT-USDT	kucoin	BB	0.0₆3142USDT	0.48%	34,271,813,774.94BTT	280	0.0₆3127USDT	0.0₆3176USDT
9	BTT-USDT BTTCUSDT	cexio	BB	0.0₆3100USDT	-3.13%	2,508,048,265.00BTT	5	0.0₆3200USDT	0.0₆3200USDT
10	BTT-EUR BTTEUR	kraken	AA	0.0₆2722EUR	1.45%	1,777,819,539.39BTT	24	0.0₆2683EUR	0.0₆2735EUR
11	BTT-EUR BTTCEUR	cexio	BB	0.0₆2700EUR	0.00%	66,626,000.00BTT	1	0.0₆2700EUR	0.0₆2700EUR
12	BTT-USD BTTCUSD	cexio	BB	0.0₆3100USD	-3.13%	57,108,000.00BTT	1	0.0₆3200USD	0.0₆3200USD
13	BTT-USDT bttusdt	huobipro	C	0.0₆3163USDT	0.32%	4,795,290,211,452.53BTT	12,302	0.0₆3153USDT	0.0₆3171USDT
14	BTT-USDT BTT_USDT	poloniex	C	0.0₆3166USDT	0.64%	4,339,865,058,517.00BTT	17,357	0.0₆3146USDT	0.0₆3202USDT
15	BTT-KRW KRW-BTT	upbit	B	0.0₃4320KRW	1.89%	789,534,376,746.68BTT	1,256	0.0₃4240KRW	0.0₃4330KRW
16	BTT-XRP BTTCXRP	bitrue	D	0.0₆2460XRP	0.41%	500,160,864,976.11BTT	37,186	0.0₆2450XRP	0.0₆2530XRP
17	BTT-USDT BTTCUSDT	bitrue	D	0.0₆3140USDT	-0.32%	474,605,661,008.00BTT	37,215	0.0₆3150USDT	0.0₆3160USDT
18	BTT-USDT BTT-USDT	bingx	D	0.0₆3146USDT	0.64%	418,252,178,829.00BTT	4,065	0.0₆3126USDT	0.0₆3157USDT
19	BTT-USDT BTTUSDT	coinex	C	0.0₆3087USDT	0.00%	178,014,046,280.77BTT	9,973	0.0₆3087USDT	0.0₆3186USDT
20	BTT-USDT BTTUSDT	mexc	C	0.0₆3143USDT	0.48%	175,012,686,520.54BTT	3,217	0.0₆3128USDT	0.0₆3168USDT
21	BTT-THB THB_BTT	bitkub	C	0.0₄1055THB	0.56%	150,202,050,553.40BTT	1,459	0.0₄1049THB	0.0₄1060THB
22	BTT-USDT BTT_USDT	coinw	-	0.0₆3150USDT	0.77%	142,755,134,406.00BTT	2,031	0.0₆3126USDT	0.0₆3153USDT
23	BTT-USDT BTT_USDT	bydfi	-	0.0₆3143USDT	0.42%	115,202,273,113.92BTT	3,283	0.0₆3130USDT	0.0₆3167USDT
24	BTT-KRW BTT_KRW	bithumbkorea	-	0.0₃4000KRW	-20.00%	24,711,047,306.35BTT	91	0.0₃5000KRW	0.0₃5000KRW
25	BTT-EUR BTT-EUR	bitvavo	B	0.0₆2675EUR	-2.62%	16,825,693,440.00BTT	168	0.0₆2747EUR	0.0₆2799EUR
26	BTT-KRW BTT_KRW	coinone	C	0.0₃5000KRW	25.00%	8,783,823,754.51BTT	20	0.0₃4000KRW	0.0₃5000KRW
27	BTT-USDC BTTUSDC	coinex	C	0.0₆3100USDC	0.29%	7,996,207,605.36BTT	1,769	0.0₆3091USDC	0.0₆3183USDC
28	BTT-USDT BTT_USDT	bitmart	B	0.0₆2619USDT	0.00%	0BTT	0	0.0₆2619USDT	0.0₆2619USDT
29	BTT-USDC BTTUSDC	bit2me	B	0.0₆3132USDC	-0.10%	2,427,758,729.94BTT	84	0.0₆3135USDC	0.0₆3156USDC
30	BTT-USDT bttusdt	indodax	E	0.0₆3100USDT	-3.13%	482,734,901.00BTT	21	0.0₆3200USDT	0.0₆3300USDT
31	BTT-KRW btt_krw	korbit	C	0.0₃4000KRW	0.00%	400,000,000.00BTT	8	0.0₃4000KRW	0.0₃5000KRW
32	BTT-BRL BTT-BRL	mercadobtc	C	0.0₅1630BRL	0.62%	134,317,339.00BTT	9	0.0₅1620BRL	0.0₅1630BRL
33	BTT-USDC BTTUSDC	hitbtc	E	0.0₆3000USDC	0.00%	0BTT	0	0.0₆3000USDC	0.0₆3000USDC
34	BTT-INR BTTINR	bitbns	-	0.0₅6000INR	0.00%	0BTT	0	0.0₅6000INR	0.0₅6000INR
35	BTT-USDT BTTUSDT	hitbtc	E	0.0₆3089USDT	-6.08%	1,000.00BTT	1	0.0₆3290USDT	0.0₆3290USDT