TRON’s BitTorrent Token (BTT) up an Incredible 569% Since Last Week’s Launch

On Monday (February 4th), a day after getting listed on cryptocurrency exchange KuCoin, TRON's BitTorrent Token (BTT) continued its highly impressive run since its first public sale on Binance Launchpad last Monday (January 28th), going up almost 50% against Binance Coin (BNB) in the past 24-hour period alone.

On January 18th, cryptocurrency exchange Binance announced that its token launch platform, Binance Launchpad, would be exclusively offering TRON's BitTorrent Token (BTT) for the first time on January 28th starting at 15:00 UTC. Binance's blog post also mentioned that the BitTorrent Token sale would "run in two simultaneous sessions: one for purchases using Binance Coin (BNB) and another for purchases using TRON (TRX)," with 23.76 billion BTT for sale in the former and 35.64 billion BTT for sale in the latter. We were told that each BitTorrent Token would cost approximately US$ 0.00012, and that we would only find out the exact price on the day of the sale.

Last Monday (January 28th), as reported here, the public sale of TRON's BitTorrent Token (BTT) on Binance Launchpad ended in less than 15 minutes, with 59.4 million tokens sold in under 15 minutes. Each BTT was priced at 0.00001824 BNB or 0.00447261 TRX. This is how Justin Sun, TRON Foundation's CEO announced the results of the sale:

Two days later, Binance announced that it had listed BTT:

 

Examples of major cryptocurrency exchanges that have listed BTT in recent days are Upbit (January 31st), OKEx (February 1st), KuCoin (February 3rd). According to a blog post by BitTorrent, other exchanges listing BTT are Cointiger,  Bitbns, and TRX Market.

According to CryptoCompare, at press time, BTT is trading at 0.0001221 BNB, up 43.29% in the past 24-hour period. Here is the one-day chart:

BTT_One Day_Chart_4 Feb 2019.png

Since we know that the launch price for BTT on the day of its launch (January 28th) was 0.00001824 BNB, this means that in the past one week, BTT has gone up an incredible 569%. 

Featured Image Courtesy of BitTorrent