BitTorrent

BitTorrent (BTT): The Decentralized File Sharing Cryptocurrency

BitTorrent Token (BTT) is a TRC-10 utility token built on the TRON blockchain that powers the BitTorrent ecosystem. Launched in 2019, BTT integrates with the world's largest decentralized file-sharing protocol, BitTorrent, to create an economy around the sharing of digital resources.

What is BitTorrent (BTT)?

BitTorrent (BTT) is a cryptocurrency designed to expand the capabilities of the BitTorrent peer-to-peer network. The token facilitates transactions between content creators, consumers, and the infrastructure providers that make the network possible. BTT serves as the native utility token for the BitTorrent Speed feature, which incentivizes users to seed files longer and allocate more bandwidth to the network.

Following the acquisition of BitTorrent by TRON in 2018, BTT was created to tokenize the BitTorrent protocol, bringing blockchain technology to the world's largest decentralized file-sharing community with over 100 million monthly active users.

How Does BitTorrent (BTT) Work?

BitTorrent (BTT) operates on TRON's blockchain, leveraging its high throughput and low transaction fees. The token functions within the BitTorrent ecosystem through several key mechanisms:

• BitTorrent Speed - Users can earn BTT by seeding files, providing bandwidth, and keeping content available for longer periods.
• Bidding System - Users can pay BTT to receive files faster by bidding for priority access to bandwidth.
• DLive Integration - BTT powers the DLive streaming platform, allowing content creators to receive direct support from viewers.
• BTFS (BitTorrent File System) - A distributed file storage system where users can rent out their spare storage capacity for BTT.

The BTT token creates a value-driven ecosystem where participants are rewarded for contributing resources to the network.

BTT Staking and Mining

BitTorrent (BTT) does not use traditional Proof-of-Work mining like Bitcoin. Instead, BTT offers several ways for token holders to earn rewards:

Staking Opportunities with BTT

BTT supports staking through various mechanisms:

• DLive Staking - Users can stake BTT on the DLive platform to earn rewards and support content creators.
• TRON-Based Staking - As a TRC-10 token, BTT can be staked on various TRON-based DeFi platforms that support BTT staking.
• Liquidity Providing - Users can provide BTT to liquidity pools on decentralized exchanges and earn a share of transaction fees.

While traditional mining is not available for BTT, users can "mine" BTT in a sense by seeding files on the BitTorrent network through BitTorrent Speed, effectively earning tokens for sharing bandwidth and storage resources.

What is BTT Used For?

BitTorrent (BTT) has multiple utilities within its ecosystem:

• Faster Downloads - Users can spend BTT to increase download speeds from seeders who prioritize BTT-paying peers.
• Content Creation - Content creators can receive BTT as direct support from their audience on platforms like DLive.
• Storage Services - BTT powers BTFS, allowing users to pay for decentralized file storage.
• Governance - Token holders may participate in governance decisions for the BitTorrent ecosystem.
• Cross-chain Swaps - BTT can be used in cross-chain transactions within the TRON ecosystem.

The versatility of BTT makes it a utility token with real-world applications beyond simple value transfer.

BTT Token Distribution and Launch

BitTorrent (BTT) was initially distributed through several channels:

• Initial Exchange Offering (IEO) - BTT launched via Binance Launchpad in January 2019, raising approximately $7.2 million in less than 15 minutes.
• Airdrops to TRON Holders - TRON (TRX) holders received BTT airdrops on a monthly basis from February 2019 to February 2025.
• BitTorrent Ecosystem - A significant portion of tokens was allocated to the BitTorrent ecosystem for development and incentivizing adoption.
• Team and Foundation Reserves - Portions were reserved for the development team and foundation to ensure long-term project sustainability.

In December 2021, BitTorrent underwent a redenomination where the old BTT was converted to BitTorrent-New (BTT) at a ratio of 1:1000, significantly increasing the total supply while maintaining proportional value for all holders.

Trading BitTorrent (BTT) with Cryptohopper

BitTorrent (BTT) is available for trading on numerous cryptocurrency exchanges worldwide. Traders looking to optimize their BTT trading strategy can leverage Cryptohopper's automated trading bot, which supports BTT trading pairs across multiple exchanges. Cryptohopper's platform allows users to execute sophisticated trading strategies 24/7, taking advantage of market movements without constant manual monitoring.

Whether you're looking to accumulate BTT through dollar-cost averaging or capitalize on market volatility with more advanced trading techniques, Cryptohopper's automated solution provides the tools needed for efficient BTT trading.

Additional Information About BitTorrent (BTT)

BitTorrent (BTT) continues to evolve with the broader TRON ecosystem. Some noteworthy aspects include:

• BTT Chain - A layer-2 scaling solution for BTT that aims to improve transaction throughput and reduce fees.
• Cross-Platform Integration - BTT works across major operating systems including Windows, macOS, Android, and iOS through various BitTorrent applications.
• BitTorrent Web - A browser-based torrent client that incorporates BTT functionality.
• Community Governance - The BitTorrent community has increasing influence on the development roadmap through various feedback mechanisms.

As one of the few cryptocurrencies built on an existing, widely-used protocol with millions of users, BTT has distinctive adoption advantages compared to many other blockchain projects starting from scratch.