BitTorrent (BTT) Basics!

BitTorrent (BTT) cryptocurrency is a TRC-10 cryptographic token based on the Tron blockchain. It was created to improve BitTorrent protocol and unite it with the blockchain. You can not mine BTT like Bitcoin: BitTorrent’s mini g mechanism is a Delegated Proof-of-Stake algorithm.

Users who share the full copy of files stored on their computers – seeds – are rewarded with BTT tokens. They are not required to buy expensive, sophisticated equipment or sign a mining agreement.

Users are paid for the mere storing of a file on their computer. You can have a copy of a book, a movie, or your favorite artist’s full album downloaded on your laptop, and get crypto for sharing it with others. You’d have to store lots of those files to get a notable amount of BTT tokens.

Eventually, Tron will emit 990 billion BTT tokens. At the time of writing (July 2020), there are 659 952 625 000 BTT in circulation. Tokens are distributed according to a particular pattern:

Seed round investment: 9%Sealed bidding:

2%Affiliate programs: 4%Public bidding:

6%Airdrop for Torrent users: 10%Airdrop for

Tron users: 10.1%Developers: 19%Tron

Foundation: 20%Active BitTorrent incentive: 19.9%

Apparently, developers keep around 40% of all BTT coins for themselves. It does leave space for market manipulations by the team, though there is no reason to think the Tron Foundation will take advantage of the situation.#BTTcReward $BTC #bttc🤓 #MtGoxJulyRepayments #BinanceTurns7 #BTTCLOVERSclack $ETH $BNB

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