One mid-cap altcoin constructed on the Tron (TRX) community is surging after the announcement of its impending mainnet launch, set to happen subsequent week.
BitTorrent (BTT) is a file-sharing protocol token constructed on the Tron blockchain. BTT permits customers to share information peer-to-peer by paying for entry to sooner obtain speeds, extra bandwidth and storage sources.
📌Whereas sustaining present market cap, outdated BTT tokens will likely be redenominated and swapped with the brand new at a ratio of 1:1000. The overall provide will likely be elevated to 990,000,000,000,000. pic.twitter.com/HGLCFM7KXr
— BitTorrent Inc. (@BitTorrent) December 6, 2021
The BitTorrentChain launch was introduced in early November in a press release that additional defined the brand new chain’s capabilities. In line with the press launch, the mission goals to be the primary heterogeneous cross-chain interoperability protocol constructed on TRON. BTTC can even be suitable with the Ethereum Digital Machine (EVM)
“Moreover, BTTC will help and be suitable with TRON, Ethereum, and Binance Good Chain (BSC) upon its launch, permitting customers to switch mainstream belongings amongst TRON, Ethereum, and BSC in a decentralized method with none restrictions.”
In response to yesterday’s Twitter announcement regarding the particular launch date of the mainnet, BTT surged roughly 78% from a low of $0.0023 to an area excessive of $0.0041.
At time of writing, BTT is buying and selling at $0.0040, up 35.56% from 24 hours in the past.
Tron, the blockchain on which BTT is constructed, has seen optimistic worth motion of the identical interval. At the moment, TRX is buying and selling at $0.091, up 7.42% over the past day.
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