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.

According to the team, the BitTorrent Protocol is the largest decentralized protocol in the world with over 1 billion users. The Protocol was developed and since maintained by BitTorrent company. Among the various forms of implementations, BitTorrent and μTorrent remain the most popular.

On July 24, 2018, TRON completed the acquisition of the P2P downloading network BitTorrent and all its products. After the acquisition, BitTorrent/uTorrent has successively launched a number of decentralized products, including BitTorrent Speed, BitTorrent File System (BTFS), TronTV, and the newly-joined blockchain live-streaming platform DLive. The team aims to gradually form a strong-related product matrix and provide the best service for users of the BitTorrent community.