Starting Monday, Tron embarks on one of the longest airdrop experiments in history, with BTT token giveaways happening monthly into 2025.
Some 59.8 billion BitTorrent Tokens (BTT) sold in less than 15 minutes on Binance – but it was not without technical difficulties.
At Tron's niTROn Summit, CEO Justin Sun sketched out his vision for how BitTorrent's massive user base can leapfrog the crypto adoption problem.
BitTorrent has the user base, Tron has the crypto. The new BitTorrent Token (BTT) white paper explores ways to marry the two.
To incentivize file-sharing, BitTorrent is creating a cryptocurrency token on the Tron protocol.
BitTorrent users will soon be able to receive Tron's tokens as rewards for maintaining files online for extended periods of time.
Tron and Neo weren't the only crypto projects interested in acquiring BitTorrent; in fact, CoinDesk has learned, five others were tempted to buy too.
It turns out that more crypto companies explored buying BitTorrent than just Tron. Not previously reported, Neo Global Capital made a much higher bid.
The peer-to-peer sharing company now owned by Tron's founder has a small stake in a soon-to-be-launched cryptocurrency protocol.
At least five BitTorrent employees have left BitTorrent due to disagreements related to its acquisition by Tron founder Justin Sun.