BitTorrent Token (BTT), is a popular token to the growing list of Web 3.0 digital era. The token powers decentralized applications including DLive, BitTorrent Speed, BitTorrent File System, and many others. The project plans to empower and create the world’s largest decentralized file-sharing protocol with BTT.

How Does BitTorrent Token (BTT) Work?

The BitTorrent protocol, developed by BitTorrent Inc., makes file sharing between untrustworthy parties easier. The protocol’s fundamental shortcoming is that partnerships between parties utilizing it cannot go indefinitely, stifling the interchange.

Collaborations between untrustworthy parties can now last much longer because of blockchain technology. BitTorrent has the ecosystem and skills to integrate blockchain technology into its protocol.

This will enhance the protocol’s current weakness while also allowing for the creation of a new borderless economy for trading value for computer resources on a global scale. TRON Foundation and BitTorrent Foundation are teaming up to launch a new cryptographic currency called BTT, as well as a more advanced version of the BitTorrent protocol. The token and the enhanced protocol will collaborate to create a token-based economy for networking, bandwidth, and storage.

The first step is to add token-based improvements to the existing BitTorrent protocol, which will allow network participants to capture the value of shared bandwidth.

BitTorrent Inc., which maintains the BitTorrent protocol, also invented BitTorrent and Torrent (“uTorrent”), two of the most prominent BitTorrent clients. Hundreds of autonomous clients have been created using the open protocol, and there is strong competition among the firms and individuals that maintain those clients.

BitTorrent Token (BTT) Tokenomics

The total and maximum token supply of BTT tokens is 990,000,000,000 while the current circulating supply is 990.00B BTT.

The token allocation of BTT is as follows:

• Public sale tokens – 6%
• Private sale tokens – 2%
• Seed sale tokens constitute – 9%
• Tron airdrop tokens – 10.1%
• BitTorrent protocol airdrop tokens – 10%
• BitTorrent Team and the BitTorrent Foundation – 19%
• TRON Foundation – 20%
• BitTorrent ecosystem – 19.9%
• Partnership tokens – 4%

BitTorrent Token (BTT) Price

BitTorrent Token (BTT) is now trading around $0.00265, as of Jan. 07, 2022. Its 24-hour trading volume on exchanges is around $235,392,723.

Source: https://coinmarketcap.com/alexandria/article/what-is-bittorrent-token-btt-features-tokenomics-and-price-prediction