BTT

Bittorrent price

BTT
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3.5/5
CyberScope
3.8
06/24/2024
TokenInsight
3.1
04/03/2023
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USD
USD
$0.00000086902
+2.33%
1h
24h
1W
1M
1Y
All

Bittorrent price live data

The current price of Bittorrent is $0.00000086902. Since 00:00 UTC, Bittorrent has increased by +2.33%. It currently has a circulating supply of 968,246,428,571,000 BTT and a maximum supply of 990,000,000,000,000 BTT, giving it a fully diluted market cap of $842.08M. At present, Bittorrent holds the 62 position in market cap rankings. The Bittorrent/USD price is updated in real-time.

Bittorrent price performance in USD

Time periodChange amount%Chg
Today$0.000000019794 +2.33%
7 days$0.000000014122 +1.65%
30 days$0.00000 -27.03%
3 months$0.00000 -42.90%

Bittorrent market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.00000083283
Last price $0.00000086902
24h high$0.00000086972
Heat index ranking
175
Market cap ranking
62
Market cap
$842.08M
Favorited rate
Percentage of users who favorited this asset to all users
3.74%
All-time high
$0.0000024010
-63.81% ($0.00000)
Feb 8, 2022 (2 years ago)
All-time low
$0.00000036510
+138.02% ($0.00000050392)
Oct 13, 2023 (8 months ago)
ICO date
12/01/2021
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
968,246,428,571,000 BTT
Market cap at circulating supply
Market cap = Circulating supply × Last price
$861.00M

About Bittorrent (BTT)

BitTorrent (BTT) is a digital currency that has rapidly gained popularity in the crypto market. It originated from the widely used BitTorrent network, which is known for peer-to-peer file sharing.

What is BTT?

BTT is a cryptocurrency introduced by BitTorrent in 2019. It functions as a payment method within the BitTorrent network, allowing users to purchase faster download speeds with BTT. It also serves as a means to reward individuals who contribute their storage capacity to the BitTorrent network.

As a TRC-10 token, BTT operates on the Tron blockchain. Tron is a blockchain platform engineered to provide scalability, decentralization, and high-performance capabilities. 

The BitTorrent team

Bram Cohen and Ashwin Navin founded BitTorrent protocol and established BitTorrent, Inc in 2004. Following BitTorent’s acquisition by Tron, Justin Sun, founder of Tron, has since served as BitTorrent's CEO. As a young entrepreneur, Sun quickly rose to the limelight as one of the most accomplished personalities in the blockchain industry. The 53-man team currently involved in the technical aspects of the project, operations, and upgrades consists of engineers, and scientists mostly working out of the United States.

How does BitTorrent work?

BitTorrent operates by utilizing a decentralized network of nodes to store and index data. The data may include a wide range of information, including blog posts, social media updates, and financial transactions. The BitTorrent network utilizes a Proof of Stake (PoW) consensus mechanism to ensure security. This means nodes receive rewards for securing the network by staking BTT tokens.

Users can use BTT tokens to expedite their downloads when downloading files from the BitTorrent network. The speed of the downloads is directly proportional to the number of BTT tokens a user stakes.

BitTorrent's utility token: BTT 

BTT is the utility token for the BitTorrent network, operating on the Tron blockchain as a TRC-10 token. It functions primarily as a payment method to facilitate faster downloads on the BitTorrent network.

BTT tokenomics 

The total supply of BTT tokens is 990 billion. Out of the total, 6 percent was sold during the initial coin offering (ICO), 2 percent was allocated to the BitTorrent team, and 9 percent was distributed among the seed investors. Over time, the remaining 83 percent of BTT tokens will be distributed through various methods such as staking, airdrops, and rewards for utilizing the BitTorrent network.

How to stake BTT

OKX TR provides a range of staking plans for BTT. To stake BTT on OKX TR, start by creating an OKX TR account. Once logged in, navigate to OKX TR Earn. Search for "BTT" on the search bar and select your preferred staking plan. Then, click Subscribe. The duration your BTT tokens will be locked depends on the staking plan you opt for. During this period, you will receive additional BTT tokens as rewards. 

BTT’s use cases

BTT has several use cases, such as:

  • BTT can be used to purchase faster download speeds on the BitTorrent network. 
  • Users can earn passive income in the form of BTT tokens by offering storage space for the BitTorrent network. 
  • BTT can power decentralized applications (dApps) on the BitTorrent network. This includes decentralized file storage, gaming, and decentralized finance (DeFi).
  • BTT can be staked to earn additional BTT tokens as rewards. Staking involves the act of locking up your BTT tokens on an available staking platform, such as OKX TR Earn, to receive token rewards.

Distribution of BTT 

The BTT token distribution is as follows: 

  • 6 percent was sold during the initial coin offering (ICO) in January 2019.
  • The BitTorrent team received a 2 percent share.
  • Seed investors were given 9 percent.
  • The remaining 83 percent will be distributed gradually in various forms such as staking rewards, airdrops, and incentives for utilizing the BitTorrent network.

BitTorrent’s future expansion plan

The BitTorrent team plans to enhance the BitTorrent network by introducing new features and simplifying user participation. This involves enhancing compatibility with additional file formats, improving file search functionality, and streamlining file-sharing capabilities.

The BitTorrent team aims to enhance the utilization of BTT by expanding its acceptance as a payment method. One way to achieve this is by forming partnerships with merchants and simplifying users' purchasing process of BTT.

The team behind BitTorrent also plans to expand into new markets. This includes regions such as Asia, Africa, and Latin America.

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BTT FAQ

What is BTT, and why is it important?

BTT is a cryptocurrency created by BitTorrent Inc. in 2019 to promote file sharing on the BitTorrent network. It is used as payment to facilitate faster downloads on the BitTorrent network. Additionally, it serves as a means to compensate storage providers for their contribution of storage space to the BitTorrent network. 

What does the future hold for BTT?

As the BitTorrent network continues to expand, the demand for BTT will likely increase. The acquisition of the BitTorrent Network by TRON is a significant milestone, setting it apart from similar projects like IPFS and Storj. BitTorrent currently uses nodes in the BitTorrent ecosystem and TronGrid. To put this into perspective, TronGrid boasts of over 1,000 full nodes and about 30 super representatives. These massive capacities position BitTorrent as a formidable contender in the decentralized storage race. 

Can I buy BTT on OKX TR exchange?

Easily buy BTT tokens on the OKX TR cryptocurrency platform. OKX TR’s spot trading terminal offers the BTT/USDT trading pair.

You can also buy BTT with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for BTT with zero fees and no price slippage by using OKX TR Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into BTT, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

How much is Bittorrent worth today?
Currently, one Bittorrent is worth $0.00000086902. For answers and insight into Bittorrent's price action, you're in the right place. Explore the latest Bittorrent charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Bittorrent, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Bittorrent have been created as well.