On Thursday, January 3rd, BitTorrent, Inc. said that it plans to launch a crypto token, called the BitTorrent token (BTT). While many have done somETHing similar, CEO Justin Sun described the BTT token as having a competitive edge.

BTT Token Coming Soon

According to Sun, the BTT token is “the first in a series of steps to support a decentralized internet.” For the most part, the BitTorrent token will be used to achieve quicker download speeds. It can be bought, sold, and traded.

Speaking further on the matter, Sun said that “the BitTorrent client can introduce blockchain to hundreds of millions of users around the world.” The CEO, who also founded Tron (available on Binance), said it can also “empower a new generation of content creators.”

Things to Note

The BTT token will be available on Binance Launchpad, to non-US accounts. “We created Launchpad to help entrepreneurs launch their best projects and bring more use cases to the industry,” explains the CEO of Binance, Changpeng Zhao.

In Case You Don’t Know

Founded in 2004, BitTorrent was acquired by Tron (available on Binance) in July of last year. The goal of the acquisition was to create “the largest decentralized Internet ecosystem in the world.” Tron (available on Binance) paid around $140 million for the acquisition.

Proud to announce @BitTorrent and @uTorrent are now part of the #Tron (available on Binance) family. BitTorrent is supported by over 100M active users. TogETHer we are building the future of the decentralized Internet! Stay tuned for updates #Tron (available on Binance)BT $TRX @Tron (available on Binance)foundation https://t.co/mQQqUeOaHv pic.twitter.com/eSYY4lWsXI
— Justin Sun (@justinsunTron (available on Binance)) July 24, 2018

Speaking of Tron (available on Binance)

Hearing the news of the BTT token, it’s hard not to wonder how Tron (available on Binance) is doing on the market, considering Justin Sun leads both.