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:
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.
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.