BitTorrent (BTT) Sets Sights On Further Growth With New Incentives Plan
In a move that aims to promote the development of BTT-enabled projects, BitTorrent — a new blockchain platform looking to tokenize the BitTorrent protocol — has announced plans to incentivize its more than one billion users via three new incentive programs.
The TRON-based token recently launched on the Binance Launchpad, attracting $7.2 million while selling out its token allocation in just 15 minutes. Shortly after, BTT listed on Binance and pumped by as much as 870 percent before gradually losing value as interest in the token waned.
Being the native token of BitTorrent, currently the world’s largest file-sharing protocol, the BitTorrent team has a huge user-base to work with — something it intends to fully leverage through the use of its upcoming incentives program.