BitTorrent to announce three new plans incentivizing over 1 billion users with its utility token BitTorrent (BTT)
BitTorrent since its acquisition last June by TRON, has been delivering sweeping changes to its users. Already one of the world’s largest blockchain protocols, BitTorrent earlier this year introduced a new blockchain-based product named BitTorrent (BTT).
Since January, BTT has gained the support of nearly three dozen digital asset trading platforms and wallets, and is well on its way to becoming one of the world’s most popular cryptocurrencies.
To further promote the development of BTT-enabled projects, broaden use cases, enrich and accelerate the development of BTT’s ecosystem, BitTorrent plans to officially launch three new incentive programs for BitTorrent & µTorrent users, Partners, and Ecosystems, as described below.
“With our three new incentive programs, we aim to bring a new audience into the blockchain community and make this powerful technology accessible within products that people are using every day,” said Justin Sun, Founder of TRON and CEO of BitTorrent. “What we are building will benefit a 1 billion computer installed base, businesses and active TRON and BTT users.”
BitTorrent User Incentives
BitTorrent clients since the company’s inception in 2004 have been downloaded and used on over 1 billion devices. The peer-to-peer software currently serves over 100 million monthly active users globally, and the tokenization of its ecosystem through BTT is progressing as expected.
We think there’s a great overlap between TRON and BitTorrent. P2P users have a profound understanding of distributed sharing, and it’s a remarkably similar technology that’s used at the core of the blockchain.
While we won’t reveal additional details for a few more weeks, this new initiative will accelerate education efforts for BitTorrent users about blockchain technology, and it will facilitate access to the latest BitTorrent technology and TRON’s ecosystem.
Following the start of the BitTorrent User Incentive Program, we expect the number of TRX holders will increase, consolidating TRON position as a leader within the blockchain industry. Meanwhile, the BitTorrent User Incentive Plan will build a foundation for subsequent CDN construction of decentralization.
Partner Incentives
Since its launch on January 28th, 2019, BitTorrent (BTT) has been listed on over 30 leading exchanges. including Binance, Bithumb, Bittrex, Bitfinex, Huobi, Upbit, OKEX, Gate.io and it has garnered support from leading wallets such as Trust Wallet, TronLink, Cobo Wallet and HuobiWallet.
To make BTT and BitTorrent technology available to most people, the company soon will offer a Partnership Plan to all exchanges and wallets supporting BTT. This program will allow our partners’ users to receive BTT airdrops and explore the TRON and BitTorrent networks.
By incorporating this new audience, BitTorrent aims to gather feedback, enhance its protocol and let those new users enjoy the efficiency of its downloading services. while earning tokens by contributing to the ecosystem.
Ecosystem Incentives
It’s worth noting that BitTorrent is not only a P2P client offering fast and reliable downloading capabilities, but it’s also one the earliest and largest open-source P2P download protocols in the world. Bitcoin’s founder Satoshi Nakamoto states in his mailing-list that it’s a great way to transfer value.
Today, over 1 billion devices have BitTorrent based clients downloaded through BitTorrent and µTorrent. There’s also many other clients using its protocol. To make BTT available to most people and accelerate blockchain mass-adoption, BitTorrent plans to offer an incentive program to clients relying on the BitTorrent protocol so that their users too can partake in BTT. This new initiative sheds light on BitTorrent’s principle of being open-source, and it boosts the entire industry by promoting blockchain technology.
Conclusion
The launch of the three incentive plans will not only benefit BitTorrent & TRON development but also represents a new growth spurt for the whole industry.
BitTorrent and TRON intend to expand the scale of their products and user-base, while leading a new impetus for the entire industry. We invite all companies interested in business or partnership opportunities to connect with our team at bizdev@bittorrent.com
