The NiTRON summit held by the Tron Foundation this week went down in history as the first when the project hosted developers, TRX fans, entrepreneurs and opinion leaders to discuss the future of the blockchain and innovation.
BitTorrent events mentioned on NiTRON
It was at this event that many TRX fans and enthusiasts were aware of the large-scale plans being developed for the BitTorrent platform. Of particular importance for the year 2019 is the live broadcast function, mentioned by Justin Sun, and the sale of BTT tokens, which will be held later this month at the Binance Launchpad.
Starting BitTorrent Livestream
One of the key findings of the NiTRON summit was that Tron and BitTorrent plan to release the live stream feature this year. This means that the product will compete with well-known applications such as Twitter, Facebook and Periscope.
This announcement raised the discussion in social networks about how it all will work. Some believe that the BitTorrent peer-to-peer platform can be used to increase the number of viewers on live broadcasts.
Why is the sale of BTT not similar to other ICOs?
BitTorrent’s peer-to-peer file sharing network has existed since 2001. This means that the network has been operating for the past 18 years and has a solid product to motivate its community to purchase tokens. This is the first reason why the sale of tokens will not be like any other, which we observed in the cryptoindustry.
Unlike many ICOs that “hit” us with technical documents for financing, BitTorrent has a working product, proving that it has been tested by time and that it will not disappear, like numerous ICOs that drowned in a bear market. There is also a livestream feature that will be launched this year. Knowing past Tron performance, this feature will be launched on time.
Secondly, the sale of BitTorrent tokens will be one of the first to be held at the Binance Launchpad. This platform aims to help entrepreneurs implement their projects by providing them with various tools and access to the 10 million Binance audience who are likely to be involved in the purchase of tokens. Binance users are ready to hold tokens as much as necessary. They also know that their funds are protected by SAFU. Therefore, any project on Binance Launchpad, as a minimum, is properly tested.
Summing up, we can say that the sale of BitTorrent tokens, which will take place from January 28 to February 3, may close in the first days. First, unlike past ICOs, BitTorrent has a working product. Secondly, Binance has a reputation and reach for millions of users who want to participate in this crowdfunding event.