Crypto Exchange Binance To Sell BitTorrent’s Token On Its Launchpad

Binance LaunchPad is a cryptocurrency token creation platform that will start introducing a single token to its users every month in 2019 according to a press release from the largest crypto exchange that we are reading more about in our crypto news.

The first projects to be launched are TRON-related BitTorrent and Fetch.AI.

Binance Labs makes it possible for innovative blockchain startups to get funds while Binance LaunchPad is great for raising funds through token sales. The LaunchPat supports projects that need a renowned window for more users. As some of the most successful projects, last year on the platform is the Bitcoin wallet Bread and the blockchain-based gifting platform Gifto.

The founder of TRON Justin Sun acquired BitTorrent in July 2018 for $126 million with more than 100 million users on the platform. TRON also hit a milestone by launching 100 million smart contracts and reaching 1 million users on its platform. Binance describes BitTorrent’s project such as:

‘’BitTorrent’s protocol is empowering a new generation of content creators with the tools to distribute their content directly to others on the web. BitTorrent’s new BTT token will allow BitTorrent peers to incentivize activities that lead to better file sharing, like using faster networks and enabling longer seeding periods.’’

Users will be able to receive BTT tokens for seeding files and the company will create about 990 billion tokens where a wallet will be included. The tokens will be later allocated to the users but also to the BitTorrent foundation and TRON foundation teams.

The LaunchPad will also pay attention to the issuance of Fetch.AI-an ecosystem that performs functions using artificial intelligence.
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This project hopes to improve transport, energy and supply chain industries.