In first successful initial coin offering of 2019, BitTorrent Token sells out in 13 minutes – SiliconANGLE

  • Fresh from the  news  of a surge in parent company TRON’s fortunes, BitTorrent Inc. managed to sell out more than $7 million in tokens in what some are suggesting may be a return of initial coin offerings.
  • BitTorrent Inc., not to be confused with the file-sharing protocol of the same name, is responsible for the ongoing development of the BitTorrent protocol, but it’s also the provider of leading software clients such as UTorrent.
  • Exactly how the tokens will be used to speed up downloads is yet to be seen, though BitTorrent says that support will be built into UTorrent, the world’s most popular BitTorrent client.
  • If even a small percentage of those embrace BTT that’s millions of potential users that could be using the new cryptocurrency.

Read full article: