BitTorrent ICO news – BitTorrent ICO is a huge success

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BitTorrent ICO was in the making for quite some time. Ever since Tron (TRX) acquired BitTorrent, it was expected that at some point in time, it would launch BitTorrent ICO. However, when the announcement finally came, not many were optimistic about the BitTorrent ICO. There were concerns that it can actually clog up the existing network of Tron (TRX). The adverse impact on Tron (TRX) network would make it an expensive proposition. Nevertheless, the launch date of BitTorrent ICO was January 28.

BitTorrent ICO is a huge success:

On January 28, two different sales were accepting Binance coin (BNB) and Tron for BitTorrent ICO. But the sales were sold out within 15 minutes. The cryptocurrency launched in BitTorrent ICO is BTT. The sale which accepted BNB sold at 23.76 billion. It lasted just 13 minutes and 25 seconds. Similarly, the sale which accepted Tron (TRX) sold 35.64 billion BTT. It lasted only 14 minutes and 41 seconds. Both the sales took less than 15 minutes to conclude.

While the assumption was, that BitTorrent ICO would be popular but none of the investors, as well as the analysts, expected such a stellar response. It remains to be seen how the price moves. One thing which is for sure is with such high demand; the demand for the BTT token will also be on the higher side. The question is whether investors are expecting a response similar to Tron (TRX) after its listing. Tron (TRX) has grown exponentially since its listing. The fundamentals have also improved significantly. BTT might not be able to mimic that success. That is why, if investors are expecting the same level of returns and success, they might be disappointed.

One thing however which is sure is that Justin Sun will leave no stone unturned to not just market BTT but also ensure that the fundamentals of BTT improve over time. When that happens, it will be easy for the investors to get a good return from the money which they have poured into this ICO. Maybe, that is the reason why investors are eager to get in on the ground floor when it came to BTT.

According to the white paper of BTT, it will work as a cryptocurrency between the seeders, uploaders as well as downloaders. That is why the beneficiaries of the launch of BTT are plenty. BitTorrent is already one of the most widely used P2P networks. Owing to this very reason, the users are already there. The volumes will pile up from day one. It is one of the main reasons why BTT ICO is such a huge success.

About Riddhi 224 Articles
I am an electronics engineer and follow the crypto space closely.

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