Finance

Token holders and the number of transactions (information from Etherscan.io)

11th February the BitTorrent Foundation initiated its first airdrop to TRON (TRX) holders. In total, 10,890,000,000 BitTorrent (BTT) are currently being distributed, corresponding to 1.1% of the total supply.

Starting Monday, Tron embarks on one of the longest airdrop experiments in history, with BitTorrent Token giveaways happening monthly into 2025.

Source: @freewalletorg

The foundations behind top ten cryptocurrencies TRON and EOS were active in January, paying out tens of thousands of dollars in rewards for their respective bug bounty programs.

EOS.io, the company behind the development of the EOS token, had given out bounties for five “critical vulnerabilities,” totaling over $50,000 in rewards. The TRON Foundation was also responsible for paying out bug bounties during the month of January, with a reported four bounties being claimed for a total of $22,700.

Price valuation for EOS failed to see any appreciable change, other than a slight downtick affecting the entire market of cryptocurrency. TRON’s TRX coin also remained stable after news broke of the critical vulnerability discovered.

Expected to launch in Q2 2019, BitTorrent Speed is a new product that rewards BitTorrent users with BitTorrent (BTT) in exchange for seeding and bandwidth, enabling faster downloads on BitTorrent products.

The following trading pairs and availability has been announced by Binance, OKEx, Cointiger, Upbit, Bitbns:

Binance: Trading pairs available now BTT/BNB, BTT/BTC and BTT/USDT.

OKEx: Trading pairs that will available BTT/USDT, BTT/BTC and BTT/ETH.

Upbit: Trading pairs available now BTT/KRW.

KuCoin: Trading pairs available now BTT/BTC and BTT/ETH.

Cointiger: Trading pairs that will available BTT/USDT.

Bitbns: Trading pairs available now BTT/INR.

TRX Market: Trading pairs available now BTT/TRX.

The list is not final and will be updated as needed.

Banz Capital Digital Asset Fund LP officially green-lighted the acceptance of Tron (TRX) and Bitcoin (BTC) as viable contributions to the fund. This puts Banz in a finite category of firms, and an even more exclusive category of funds that can verifiably, legally accept Tron as investments.

The Bittorrent token sale and lure of BTT tokens airdropped to TRX holders has driven momentum for Tron.

After the initial token sale on Binance Launchpad ended in a blistering 15 minutes, BTT has been listed on a number of exchanges, most recently OKEx and Upbit.

Bittorrent token has also just been included on Coinmarketcap.com where it currently trades at $0.000503 or 15 satoshis. The ICO raised over $7 million and shifted over 50 billion tokens.

All airdrops will take place on 11th of each month. At the moment the final ratio for the airdrop is approximately 1 TRX = 0.11 BTT. However, this ratio is not fixed as it is dependant on the variable rewards and the burn rate.

Over the next six years, the percentage of airdrop will increase by 0.1% per year, reaching 1.7% in 2025.

The first snapshot for the airdrop will be taken when the block height of TRX reaches 6.6 million. This is expected to happen on 11th February 2019. Based on this snapshot, BitTorrent Foundation will initiate its first airdrop of 10,890,000,000 BitTorrent (BTT), corresponding to 1.1% of total circulating supply.

BTT is a TRC10 token introduced by TRON Foundation and BitTorrent Foundation to extended 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.

Cryptocurrency markets may be going through a phase but the trading volume of the top cryptocurrencies are increasing steadily. Both Tron and Litecoin have shown amazing growth. In terms of trading volume growth, these two have surpassed even Bitcoin

Misha Lederman, co-founder of IAmDecentralized.org said in his Twitter post: “#TRON is off to a fast start in 2019, far outperforming all other coins in the Top 10 💹In the last 30 days, the price of #TRX is up +35%”.

Tron’s native TRX token surged by as much as 13% on February 4, 2019 as hype surrounding the recently launched BitTorrent token (BTT) continued to generate interest in the decentralized entertainment platform.

BitTorrent (BTT)’s market capitalization is currently over $150 million. The sum exceeds the amount Justin Sun spent to buy BitTorrent. The deal was reportedly valued at $126 million.

BitTorrent’s ICO was completed in less than 15 minutes, in spite of the fact that it ran in two simultaneous sessions. The ICO sold 59,400,000,000 BTT tokens at $0.00012 a pop, netting $7,128,000 in what seems like record time.

Misha Lederman, co-founder of IAmDecentralized.org said in his Twitter post: “Charts from @dapp_review show that #TRON DApps daily active users (DAU) have skyrocketed from 18,500 on Jan 8 to 62,724 on Feb 6 📈 TRON gained 44,224 new users to its DApp Ecosystem (+239%) in 1 month 🗓️ #ETH lost 4,275 users or -31% #EOS added 9,534 users or +14%”.

Source: @dapp_review

Source: @dapp_review

BitTorrent (BTT) price has decreased over the past 24 hours, following the entire market which lost around $2 billion overnight. However, the company announced a new upcoming listing which is generally a precursor of the prices going up.

The sale was launched through Binance and in 15 minutes, managed to rake in $7.1 million through the sale of 50 billion tokens. Justin Sun, Tron CEO, announced that the entire lot had been sold with glee over twitter.

In the past 30 days, the valuation of the crypto market dropped from $138 billion to $114 billion by $24 billion. Yet, TRON (TRX) recovered from $0.0127 to $0.0264, by well over 107 percent.

Since December 17, in about five weeks, the Tron price demonstrated a strong gain against both Bitcoin and the U.S. dollar following a series of positive announcements.

The Gibraltar Blockchain Exchange (GBX), a regulated, institutional-grade crypto trading platform that handles up to one million orders per second, has listed XRP, EOS, Tron and Stellar, bringing its total number crypto assets paired with Bitcoin to 11.

Between Tron (TRX), Binance (BNB) and BitTorrent, there seem to be a thin line partnership even though Tron — BitTorrent synergy alone is a very big and incredible one.

Over the previous week, the three assets maintained high profile streak in the market topping most coins on the table with their 24 hours added value. They remained on the upside trend for quite a substantial period.

The Tron Foundation may be hard at work, but market dynamics are exerting pressure on TRX. It is down 8.5 percent in the last week despite Roy Liu signing an MoU with two of South Korea’s leading gaming associations.

CoinPaymentsNET now supports BitTorrent $BTT, enabling millions of users around the world to purchase goods and services from hundreds of online merchants with BTT. To learn how to purchase BitTorrent or µTorrent Ads Free or Pro using TRX, BTT, BNB, or BTC, please visit short step-by-step guide.

TRXMarket announced its listing of a new exchange pair BTT/TRX at 11:00 (UTC) on February 1, 2019. The link to this news you can find here.

Bitfinex’s support for BitTorrent (BTT) Airdrop Program,

Bitfinex, the world’s leading cryptocurrency trading platform announced full support for the BitTorrent (BTT) Airdrop Program, available to all Tron (TRX) holders.