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While the crypto markets had fallen yesterday, the sale of BitTorrent chips started and quickly overloaded the largest stock exchange in the world where it was hosted.
BTT left in 15 minutes …
The sale of BitTorrent chips started yesterday on Binance Launchpad, amid another defeat in the crypto market, which brought in $ 7 billion in a few hours. Binance issued an ad with fixed rates for chips that were locked at 1 BTT = 0.00001824 BNB (using a BNB price of 6.58000 USD) and 1 BTT = 0.00447261 TRX (using a TRX price of $ 0.02683). The sale of BTT tokens was eagerly awaited as a highly publicized skydiving campaign also boosted the momentum of TRX and the NBB for the first round.
The initial sales of yesterday's chips took place in two simultaneous sessions with accepted purchase orders in BNB or TRX. According to the company's blog, BTT 23.76 billion was sold to participants selling chips in 13 minutes and 25 seconds for BNB and for the TRX portion, BTT 35.64 billion was sold in 14 minutes. and 41 seconds. The BitTorrent team raised $ 7 million in 15 minutes, making ICO 2019 the most successful to date.
In a very short time, Binance started to suffer from technical problems because of the high demand that overwhelmed the system. CZ started chirping and posted "Whore, no matter how long you prepare, you still have bottleneck problems. Even the cache caching was overloaded. Demand still underestimated.
The complaints started pouring in because unhappy users were confronted with error pages instead of being able to buy tokens. Cries of unfair manipulation and manipulation emerged as the company's Twitter feed was also submerged;
"Nothing but error messages, excellent work @binance @cz_binance" … "What a joke! #manipulation "…" you have given no chance to normal people since the first second, only errors "…" always a manipulated array and now this session handled "…" that will be the expected $ btt price when will be registered on @binance. X5 X10 X20 and which will be rich or richer. maybe binance. "
CZ was quick to respond by apologizing for imputing technical problems to these problems;
Both sessions ended. Took about 18 minutes, because of a system problem, would have taken 18 seconds otherwise. The demand was astronomical.
– CZ Binance (@cz_binance) January 28, 2019
Total transparency The problem encountered today is due to the caching / locking of the "confirmation of user agreement" button. Most resistance tests focused on the buying process, this part was not sufficiently covered. The order of requests received has been preserved.
– CZ Binance (@cz_binance) January 28, 2019
Justin Sun offered the free BTT to anyone who did not buy tokens because of Binance's cash sale at yesterday's sale.
I would like to explore the possibility with @ binance give free $ BTT to everyone on the dashboard fails to get #BTT aujourd & # 39; hui. #BitTorrent the community wants you! No 100% guarantee. Need to understand the details. BUT RT if you agree! @cz_binance #TRON $ BNB $ TRX
– Justin Sun (@justinsuntron) January 28, 2019
Due to huge demands, the Tron team generously agreed to do a little air jump for people trying to place orders, but failed to buy. The exact figures will be published soon.
– CZ Binance (@cz_binance) January 28, 2019
The sale, as successful as it was, did not stop TRX and BNB from plummeting with the rest of the market while Bitcoin was down again thanks to support. At the time of writing, TRX was down 6% to $ 0.27 and the NBB 10% to $ 6.25.
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