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BitTorrent BTT

The BitTorrent Token is a TRC-10 utility token that will be based on the TRON blockchain and will be...

About

TRON Foundation and BitTorrent Foundation are introducing a new cryptographic token called BTT along with an extended version of the BitTorrent protocol in order to create a token-based economy around the usage of networking, bandwidth and storage on hundreds of millions of computers on the internet.

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KEY FEATURES

Existing BitTorrent clients will implement an optional set of backward-compatible protocol extensions which allow them to bid and receive bids for their bandwidth, working in tandem with a cryptocurrency wallet and bidding engine.

The project plans to utilize the BTT in more utility cases beyond the current sharing of bandwidth, to more general storage, computation, and resource availability, such as a distributed VPN (virtual private network) or content delivery network (CDN).

The token will be used at first by BitTorrent clients to bid for and earn in exchange for allocation of upstream bandwidth. It will later be used for capabilities including purchasing content, tipping live streaming performers, and crowdfunding the creation of new works.

IEO’s Details

  • GENERAL INFORMATION

  • IEO Platform:

  • IEO Opening Date:

    Jan 28th, 2019 3:00 pm (UTC)

  • IEO Closing Date:

    Jan 28th, 2019 6:00 pm (UTC)

  • Country of Origin:

    United States

  • TOKEN DETAILS

  • Symbol:

    BTT

  • Blockchain Type:

    Tron

  • Role of Token:

    Utility

  • Finance Information

  • Public Sale Hard Cap:

    7 200 000 USD

  • Total Token Supply:

    990 000 000 000BTT

  • Tokens for Public Sale:

    59 400 000 000 BTT (6.0000% of total token supply)

  • Public Sale Token Price:

    1 BTT = 0.00012 USD

  • Token Distribution

    No lockup

  • Token Sale Format

    Standard

  • Private Sale Token Price

    1 BTT = 0.000177 USD

  • Private Sale Allocation

    11

  • Private Sale Vesting Period

    Vesting monthly over 12 months

  • Seed Sale Token Price

    0.000177

  • Seed Sale Allocation

    11

  • Seed Sale Allocation

    Vesting monthly over 12 months

  • Legal Information

  • Company Name:

    BitTorrent

  • Country of Incorporation:

    United States

  • Company Address:

    303 Bryant Street, Suite 201, San Francisco, CA 94107 United States

  • KYC:

    Required

  • Restricted Areas:

    Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, Cote dIvoire, Cuba, Democratic Republic of the Congo, Ethiopia, Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Liberia, Libya, Mainland China, Myanmar (Burma), North Korea, Republic of Macedonia (FYROM), Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Thailand, Trinidad & Tobago, Tunisia, Uganda, Ukraine, United States of America (USA), Venezuela, Yemen, Zimbabwe

Team

  • Justin Knoll

    Justin Knoll

    VP of Product Management

  • Marcus Zhao

    Marcus Zhao

    Head of Public Chain

  • Rebecca Bronstein

    Rebecca Bronstein

    Senior Product Designer

  • Cong Li

    Cong Li

    Head of Developer Community Division

  • Pavel Lagutin

    Pavel Lagutin

    Senior Product Director

  • Yue Fang

    Yue Fang

    Project Manager

  • Utkarsh Khokhar

    Utkarsh Khokhar

    Engineering Lead

  • Steve Siloti

    Steve Siloti

    Senior Software Engineer

  • Zhimin He

    Zhimin He

    Director of Engineering

  • Padam Thakur

    Padam Thakur

    Software Engineer

  • Elaine Wu

    Elaine Wu

    Software Engineer

Initial Offering News