BitTorrent aims to tokenize the decentralized file-sharing protocol with their cryptocurrency asset launched early in 2019. BTT represents a TRC-10 utility token based on the TRON blockchain that could allow content creators to connect with their audience, earn and spend digital currency without a middleman. According to their website, BitTorrent (BTT) tokens can be bid in exchange for faster downloads or stored in a wallet built into the BitTorrent client.
Both BitTorrent and parent company TRON share a vision of a decentralized internet without barriers.
Tron and Tron-based tokens have surged between 500% and 4000% on the FTX exchange as the exchange pursues alternative options to get out of its liquidity crunch.
