BitTorrent (BTT) The world's largest blockchain-based application, powered by the people.

4.57

Overall Rating

4.61 Vision
4.58 Product
4.54 Team
2918 Views
465 Ratings
136 Followers

General

Status:
Ended
Website:
Whitepaper:
MVP:
Country:
Singapore
ICO Time:
28 Jan 2019 - 3 Feb 2019
Whitelist:
No
KYC:
Yes
Cannot Join:
Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Burundi, Central African Republic, China, Cote d'Ivoire, Cuba, Democratic Republic of the Congo, Ethiopia, Guinea, Guinea-Bissau, Iran, Iraq, Lebanon, Liberia, Libya, Myanmar, North Korea, Republic of Macedonia, Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Thailand, Trinidad & Tobago, Tunisia, Uganda, Ukraine, United States, Venezuela, Yemen, Zimbabwe.

Financial

Raised:
~$7,200,000
Price:
1 BTT = 0.00012 USD
Accept:
TRX, BNB
Soft cap:
TBA
Hard cap:
7,200,000 USD

Token Info

Ticker:
BTT
Platform:
Tron
Token Type:
TRC-10
Available for sale:
59,400,000,000 BTT (9%)
Total supply:
990,000,000,000 BTT

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. Our initial entry point is to introduce token-based optimizations to the existing BitTorrent protocol providing a way for the value of sharing bandwidth and storage to be captured by network participants beyond the point at which the current protocol no longer values it. Our longer-term vision is to broaden the usage of BitTorrent far beyond current use cases to provide a distributed infrastructure platform to third party app developers and to enable consumers to continuously distill small amounts of value from their devices by allowing others to make use of their spare resources.

The first step in our project will create a market-driven mechanism to enable consumers to collaborate to optimize and prolong the lifespan of existing BitTorrent swarms. Using additional extensions to BitTorrent we will subsequently open up opportunities for distributed app developers to launch new apps making use of infrastructure provided by existing BitTorrent clients which already constitute a distributed networked storage platform of unprecedented scale. These new apps will be able to offer incentives (BTT) to users in return for access to cost effective platform resources comprised of an incredibly broad collection of already-deployed network endpoints. The position of these endpoints at the very edge of the Internet will have the additional appeal to developers of being extremely difficult for net-neutrality adversaries to interdict. Finally, the ability of consumers to capture the value of their contributed computing resources within a cryptographic token will give rise to a completely new transactional mechanism for internet consumers that is distinct from either their attention or their credit card.

With over 100 million monthly active users and millions of additional new installs every week, BitTorrent already manages one of the largest distributed computing ecosystems on the Internet. By integrating BTT tokens and transaction processing we will both address existing limitations of BitTorrent and open up a whole new borderless economy exchanging value for compute resources on a global scale. This will be a realization and extension of the vision expressed by Satoshi Nakamoto in the original Bitcoin white paper on its tenth anniversary.

Team

4.57
Overall rating
Based on 464 community ratings and 1 community reviews

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4.61 Vision

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4.58 Product

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4.54 Team

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I think the vision is good because the technical capabilities of BitTorrent technology are shortening the life of BitTorrent swarms. The team of BitTorrent and Tron Foundation have already experience so I think the team can do this project very well.

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