BitTorrent Says It Has Burned 60% Of Its BTT Tokens

Twitter icon  •  Published 1 week ago  •  Hassan Maishera

The BitTorrent team revealed that it had burned 60% of its BTT tokens via a tweet on Friday.

The BitTorrent team revealed that it had burned 60% of its BTT tokens via a tweet on Friday. This means it has burned more than 594 billion of its total 990 billion BTT token supply. The token burn is part of the community’s redenomination plan as the project migrates from the BTT token to BTTC. 

The BitTorrent token is a TRC-10 token on the Tron blockchain. The BTT token intends to build a token-based economy for networking, bandwidth, and storage resources on the existing BitTorrent network,

BTTC is trading at $0.00000086 at press time, up by more than 7% in the last 24 hours.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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