The BitTorrent Token sale, the first on Binance’s newly unveiled token launch platform Binance Launchpad, concluded yesterday. Spurred by the Binance brand name and TRON’s marketing, the tokens were sold out in under 15 minutes, marking a euphoria last seen only in the ICO hype of 2017. Incidentally, BitTorrent token is built on the TRON network and follows the TRC-10 standard.
The sale began on January 28th, 2019, at exactly 3:00 PM UTC with two simultaneous sessions. one for purchases through TRON (TRX) and the other for purchases with Binance’s own BNB. Tokens in both the sessions were sold out in under 15 minutes despite some technical difficulties faced by the buyers. Users could buy 54,824.56 BTT with 1 BNB whereas they could buy 223.58 BTT with 1 TRX. The minimum amount was 100,000 BTT and the maximum amount was 166,666,666 BTT.
Binance CEO Changpeng Zhao (CZ) also tweeted about the token sale:
In addition, The TRON team has agreed to do a small airdrop for those participants who could not buy BTT tokens despite placing orders. TRON founder Justin Sun tweeted: