Binance Launchpad, the exclusive token launch platform of cryptocurrency exchange Binance, will launch the token sale of BitTorrent (BTT) on January 28, 2019, at 3 p.m. UTC.

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This follows the platform’s announcement earlier this month about its launch of new blockchain projects.

As part of our continued support for transformative crypto and blockchain projects worldwide, Binance Launchpad is helping BitTorrent to launch BTT, not only by providing a launch platform but also by offering a full advisory service.

The token sale for BTT is being conducted in advance of BitTorrent’s plan to launch BitTorrent Speed, a new solution that connects and rewards users with BTT for sharing files in a peer-to-peer network, this summer.

BitTorrent Token Sale Details

The BitTorrent token sale will run in two simultaneous sessions: one for purchases using Binance Coin (BNB) and another for purchases using TRON (TRX).

In the BNB session, 23.76 billion BTT are for sale, while TRX session participants can get up to 35.64 billion BTT in total.

BTT will be sold on a first come, first served basis. Each BTT token will cost US$ 0.00012, although exact prices in BNB and TRX will be set on January 28. Each participant being able to get up to US $20,000 worth of BTT.

BitTorrent, a TRON-affiliated blockchain project for peer-to-peer file sharing, intends to “create the world’s largest blockchain application for speedy uploading and downloading of files” through BitTorrent Speed and the BTT token.

“More than 100 million users soon will have the opportunity to be part of a boundary-free internet that supports personal privacy and connection around the world,” said Tron Founder and BitTorrent CEO Justin Sun about BitTorrent Speed.

BitTorrent Speed is slated to launch this summer on the popular µTorrent Classic Windows client. It will become available for other BitTorrent users by late 2019.

BitTorrent: Increasing Crypto Adoption

The upcoming launch of BTT is not the first time that BitTorrent advanced cryptocurrency adoption worldwide. Since November 2018, the peer-to-peer sharing service has accepted payments of TRON, BNB, and Bitcoin (BTC) for users who want to purchase one-year subscriptions to BitTorrent and µTorrent products, including Ads Free and Pro for Windows.

BTT is the first of many blockchain projects to be featured on Binance Launchpad in the coming months. For more details about the token sale platform, upcoming launches and the process of each offering, visit Binance Launchpad now.

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