This feature integrates BTT with the BitTorrent protocol to incentivize users to seed files for longer periods. It plays an important role in supporting BitTorrent products, which include: For instance, musicians can distribute their music on the network and earn BTT tokens based on the number of downloads and streams their music receives.īTT boasts high compatibility with nearly all decentralized applications (dApps) and various decentralized finance (DeFi) ecosystems. The BTT token is also employed to incentivize content creators to share their work on the BitTorrent network. Micropayments: BTT can be used to make micropayments for goods and services due to its low transaction fees and divisibility into small units. Liquidity: The BTT token serves as a means of exchange on some cryptocurrency exchanges, allowing users to buy and sell BTT tokens for other cryptocurrencies or fiat currencies, providing liquidity for token holders. This decentralization makes it difficult for any single entity to control or censor the network. This incentivizes users to seed files for longer periods, helping maintain the BitTorrent network's smooth operation and ensuring files are available for other users to download.ĭecentralization: BitTorrent and BTT operate on a decentralized network, meaning files are shared across a network of users without relying on a central server. The more files a user seeds, the more BTT tokens they can earn. Users who seed files (i.e., share the files they have downloaded) can earn BTT tokens as a reward for contributing to the network. Incentives for Seeders: BTT tokens facilitate faster and more efficient file sharing on the BitTorrent network.
#BITTORRENT TOKEN TOTAL SUPPLY DOWNLOAD#
By doing so, they incentivize seeders to prioritize their download requests, resulting in faster download speeds compared to free downloads.
The token performs the following functions:įaster downloads: Users can pay with BTT for accelerated downloads.
A 4% portion of the total token supply was reserved for partnership tokens.īuilt on the Tron blockchain, the token powers the BitTorrent protocol by leveraging the benefits of both the BitTorrent protocol and Tron.The BitTorrent ecosystem was allocated 19.9% of the total token supply.The Tron Foundation received 20% of the total token supply.The BitTorrent Team and Foundation were granted 19% of the total token supply.BitTorrent protocol airdrop tokens constituted 10% of the total token supply.Tron airdrop tokens constituted 10.1% of the total token supply and were distributed over the next six years.The seed sale tokens made up 9% of the total token supply.Private sale tokens accounted for 2% of the total token supply.Public sale tokens constituted 6% of the total token supply.According to the whitepaper, the token supply allocation is as follows:
As of April 2023, 951.42 billion tokens are in circulation. The maximum supply of BTT tokens is capped at 990 billion. Additionally, it is utilized for distributing open-source software, operating systems, and other substantial files that are too large to be conveniently hosted on a single server.ĭespite its numerous advantages, BitTorrent has also been the subject of controversy due to its use in illegal file-sharing activities, such as distributing pirated movies and music.īitTorrent's utility token - BTT, is a TRC-20 token designed to incentivize protocol users to contribute to the network and provide a means for users to pay for faster downloads. The protocol has particularly gained popularity for sharing large files, including movies, music, and software. It enables users to distribute large files over the internet quickly and efficiently by breaking them down into smaller pieces, which are then shared in a decentralized manner. BitTorrent (BTT) is a peer-to-peer (P2P) file-sharing protocol designed to overcome the limitations of traditional file-sharing methods.
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