Thought your TRX would go up with the TRX and BitTorrent merger? Think again.
In a move that wasn’t necessarily surprising to crypto enthusiasts outside of the TRX community, BitTorrent will be launching its own crypto token.
Loyal TRX fans may have thought that they would see a significant increase of their TRX tokens if they only held on long enough for TRX to be integrated into the BitTorrent network. Unfortunately, this will not be the case.
To the dismay of TRX fans and TRX hodlers everywhere, BitTorrent will be releasing its own token under the ticker symbol of BTT. The BTT token will be distributed through the BitTorrent Foundation (yes, they have their own foundation now) and it’s supposed to let users swap tokens to increase the quality of their BitTorrent experience.
We were too. Isn’t the BitTorrent experience good as it is at the current moment? Was there ever a need for a BitTorrent token? Did fellow peers in the torrent network wake up one day and think, you know what would make this experience so much better for uploaders of content and downloaders of content? A token!
Another cash grab?
The BTT token looks like another cash grab by the TRX team to sustain operations and hopefully take the TRX token to the moon.
Speaking of the TRX platform, the outspoken TRX CEO, Justin Sun, he had a couple of words to say on the BTT tokens and related matters.
“BitTorrent token is the first in a series of steps to support a decentralized internet, in one giant leap, the BitTorrent client can introduce blockchain to hundreds of millions of users around the world and empower a new generation of content creators with the tools to distribute their content directly to others on the web.”
How exactly it will “empower” a new generation of content creators is still yet to be determined and is still in the works as the tokens are only available to non-US people with Binance Launchpad accounts.
Looks like project creators and teams are going to be coming up with interesting ways to bring in new tokens in 2019.