A public sale of BitTorrent Tokens (BTT) sold out in the first 20 minutes.
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59.8 billion BTT was sold, worth roughly $7.2 million.
BTT utilizes the Tron blockchain and was valued at $0.00012.
Binance users were able to purchase the token with both TRON (TRX) and Binance’s native exchange token, BNB.
A minimum purchase amount was set to 100,000 BTT.
This is BitTorrent’s first token in their 17-year history.
The file-sharing company was acquired by Tron last summer and a white paper for the new project was released earlier this month.
Binance founder Changpeng Zhao stated the sale of BTT would of ended in just seconds if not for a technical issue.
Both sessions concluded. Took about 18 minutes, due to a system issue, would have taken 18 seconds otherwise. Demand was astronomical.
— CZ Binance (@cz_binance) January 28, 2019
Full transparency. The issue experienced today was caused by the “user agreement confirmation” button caching/locking. Most of the stress tests focused on the buy process, this part was not covered thoroughly enough. The order of requests received was preserved.
— CZ Binance (@cz_binance) January 28, 2019
I would like to explore the possibility with @binance to giveaway free $BTT to everyone on launchpad fails to get #BTT today. #BitTorrent community wants you! Not 100% guarantee. Need to figure out detail. BUT RT if you agree! @cz_binance #TRON $BNB $TRX
— Justin Sun (@justinsuntron) January 28, 2019