BitTorrent Sold Out its Tokens in Less than 15 Minutes

BitTorrent Sold Out its Tokens in Less than 15 Minutes

San Francisco-based sharing technology company BitTorrent sold 50 billion tokens in less than 15 minutes for a value of $7.1 million on January 28, according to a blog post published by Finance.

Binance implemented two sessions that worked simultaneously. One using Binance native tokens, the Binance token BNB, and the other session for Tron buyers, the TRX. The finance launchpad offered tokens at the price of $0.00012 according to data published by Binance website.

In the BNB session, all 23.76 billion BTT were sold to token sale participants within 13 minutes and 25 seconds,” Binance post said. “Meanwhile, in the TRON session, all 35.64 billion BTT were sold within 14 minutes and 41 seconds.”

BitTorrent is a TRON-affiliated blockchain sharing file project that allows a peer-to-peer exchange. The company has more than 170 million users across 138 countries every month. BTT protocols move “as much as 40% of the world’s Internet traffic on a daily basis,” as it is website says.

Tron CEO Justin Sun tweeted after the BitTorrent sale, “It is official: In the BNB session, all 23.76 billion BTT were sold to token sale participants within 13 minutes and 25 seconds. Meanwhile, in the TRON session, all 35.64 billion BTT were sold within 14 minutes and 41 seconds.”

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