The terms of BitTorrent Token (BTT) surged by implicit 40% earlier contiguous pursuing the confirmation of the BitTorrent Chain’s merchandise day alongside plans to predominate BTT tokens.
The token was connected a monster rally betwixt 3 PM and 4 PM propelling it backmost to its erstwhile highs earlier it dipped connected December 5.
BitTorrent mainnet launch
BitTorrent is simply a peer-to-peer file-sharing protocol that was founded successful 2001. It launched its token successful February connected the TRON blockchain.
Therefore, the aged BitTorrent Token (BTT) was a TRC-10 inferior token and it powers respective DApps and BitTorrent features similar BitTorrent File System, BitTorrent speed, and DLive among others.
BitTorrent mainnet duped BTTC was announced aboriginal past period by TRON and BitTorrent.
The BTCC volition beryllium an Ethereum Virtual Machine (EVM)-compatible interoperable protocol built connected the TRON blockchain. It volition alteration users to transportation assets crossed TRON, Binance Smart Chain (BSC), and Ethereum among different blockchains.
The BTCC shall usage the Proof-of-stake statement mechanics that shall necessitate respective ‘super representatives’ to involvement a definite magnitude of tokens.
According to an announcement made earlier contiguous by the BitTorrent organization, the mainnet motorboat is scheduled to beryllium connected December 12, 2021.
Old BTT tokens redenomination
After the motorboat of the BTTC mainnet, the aged BTT tokens shall beryllium redenominated and swapped with the caller astatine a ratio of 1:1000 frankincense expanding the full proviso of the caller BTT tokens to 990,000,000,000,000.
📌While maintaining existent marketplace cap, aged BTT tokens volition beryllium redenominated and swapped with the caller astatine a ratio of 1:1000. The full proviso volition beryllium accrued to 990,000,000,000,000. pic.twitter.com/HGLCFM7KXr
— BitTorrent Inc. (@BitTorrent) December 6, 2021
The caller BTTC token shall beryllium a TRC-20 token that is mapped to the BTTC mainnet.