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BitTorrent completes (successfully) selling cryptographic badets on Binance dashboard
Finally, the sale of BitTorrent chips supported by Tron (TRX) on Binance's internal currency offering platform (ICO), Launchpad, was completed. According to previous Ethereum World News reports, a few weeks ago at the end of the year, BitTorrent, a world-renowned peer-to-peer file sharing service owned by Justin Sun and his team, revealed that it would be semi-symbolic. platform in collaboration with Tron.
BTT, as it has been called, was unveiled as a way for the crypto industry to "achieve mbad adoption of a truly decentralized Internet." In the project's white paper, BTT's utility was described as a way to create a chip-based economy of networking, bandwidth, and computer storage for millions, if not billions of computers at a time. worldwide.
This surprise venture, viewed as an image of Satoshi Vision, which Dalmas made a reality at this point of sale, was so anticipated that TRX, with the exception of the performance of the previous day, began to make headlines. In fact, the badets recorded a gain of 13% just days ago and is (still) up by several tens of percentage points in recent weeks.
And while the cryptography market was down, BitTorrent recently finalized its sale, which has (mostly) been successful. In a post-mortem badysis published by Binance just hours after this favorable event for Tron and its growing network of DApps and users, crypto revealed relevant information on the sale.
#Binance Dashboard: BitTorrent $ BTT Results of sale of chipshttps: //t.co/QcpEKW24tC pic.twitter.com/2f8jjy8etH
– Binance (@binance) January 28, 2019
First, it was clarified that the two simultaneous selling sessions were fully sold. The session funded by Binance Coin sold for BTS 23.76 billion in 13 minutes and 25 seconds, while the TRX session saw BTT 35.64 billion leave the hands of the company in just 14 minutes and 41 minutes. seconds. In total, Binance's latest Launchpad sale reported to the BitTorrent team approximately $ 7.0 million.
While sales times of less than twenty minutes were already staggering, especially given the dire market conditions that Bitcoin faced, Changpeng Zhao, the managing director and de facto face of Binance, pointed out that it could have disappeared even faster. After noting that Binance's offices were in flames before, during and after the ICO, because of the company's attempts to resolve all the problems, Mr. Zhao remarked that "even the caching of the implementation cache was overloaded "during the event, adding that he underestimated user demand.
In fact, CZ jokingly said that if the problem, the "User Agreement Confirmation" button supposed to be unstable, was resolved, the sale would have ended in "much less than 18 seconds" .
The order of the requests has been preserved. It should have been finished in a few seconds (much less than 18 seconds actually), the server problem simply delayed the results. So, no need to redo. We should have set a lower upper limit so that more could be obtained. Deceived by all the "bears" crying … https://t.co/RSnQnZNLdx
– CZ Binance (@cz_binance) January 28, 2019
Be that as it may, the popular cryptocurrency market remarked that he was always pleased to see such a demand for Binance Launchpad and BTT's return. In a statement from the company forwarded to the Block, a spokesman wrote:
We are excited about the huge response from the community to our first Launchpad project of the year … We are more than happy to continue supporting projects on Launchpad and will be announcing chip launches soon.
However, doubts remain about this ambitious project. Simon Morris, who spent nearly 10 years with the company as chief strategy officer, said that although BitTorrent's pre-Tron team was seduced by the idea of integrating the blockchain, the recent attempt will likely fail in time. Morris explained that Tron's technology is a "very thin veneer layer", with the project focused primarily on marketing. The former BitTorrent C suite member even explained what would be the shortcomings of the Tron chain if BitTorrent was put online:
Transactional capacity we [were] It was enough to watch hundreds of transactions per second to start. It's just not there. You hear all the bulls *, oh, that's 10,000 transactions per second. It's crap. We were going to melt Tron. Destroy it literally.
Bitcoin, TRX Dives During Tron BTT Sale
Interestingly, despite this successful sale, TRX has plummeted. In fact, the larger market for cryptocurrencies has plummeted. In the past 24 hours, according to Live Coin Watch data, the total value of all digital badets has fallen from $ 124 billion to $ 115 billion, a change of about 7% per day.
Title Image courtesy of Descryptive.com on Flickr
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