Few days back, Bittorrent ICO was done and it raised 7.2 million dollars in matter of few minutes. For the ICO, only TRX and BNB tokens were accepted.
Total supply of Bittorrent’s BTT token is 990 billion and initial circulating supply is just 9%. Rest of tokens will be released every year and by end of 2021, 80 percent of BTT tokens will be in circulation.
Less than 1000 people were actually able to get their hands on the BTT token and that has raised a few eyebrows for sure.
BTT token was listed by binance exchange today and as expected, a lot of dumping took place by the few investors that actually go the token.
Binance is also the only exchange where you can buy the BTT token so the entire demand and supply is well under control of few investors.
If you want to buy BTT coin/token, you can buy it on Binance. Search for the BTT token. Right now, only BTC, USDT and BTT markets are open. There is no word if ETH, XRP and PAX markets will be made available.
Binance also did a small airdrop of 5,000 BTT to all users that were eligible but unsuccessful in purchasing BTT on Binance Launchpad.
Kamaldeep Singh is executive editor of CryptoCoinDaddy.com. He owns degree in Masters in Computer Applications and is behind many successful technology projects.