Peer-to-peer torrent client BitTorrent has launched a native token, BitTorrent (BTT), based on the TRON protocol, according to a press release shared with Cointelegraph on January 3rd.
The token can be exchanged between users to optimize network speed and get faster downloads, according to the press release. BitTorrent's first full-fledged move to take advantage of the content-sharing ecosystem – which reportedly serves more than 100 million users – arrives about six months after the company was acquired by decentralized Internet TRON for an undisclosed amount.
BTT tokens, which must be released by BitTorrent Foundation, have native TRC-10 compatibility, which means they adhere to a technical token standard supported by the TRON blockchain.
Apparently, the BTT will only be available for non-US accounts on the "Launchpad" program of Binise Exchange, and will also be "selectively" distributed via air launches later this month.
According to the press release, BTT is part of a broader ambition to create a decentralized content distribution platform using cryptocurrency. BitTorrent states that its protocol, first created in 2004, is currently "the largest decentralized P2P network in the world, with an increase of 22% of upstream traffic and 3% of downstream traffic".
The press release emphasizes that BTT tokens will be implemented for the first time on the Windows-based "μTorrent Classic" client of BitTorrent, which is said to be the most popular application of the company.
As previously reported, the roadmap for mutual integration of TRON and BitTorrent has been formalized as an initiative called the "Atlas of the project". When the couple first revealed more extensive details of their joint plans in September, it revealed that tokens in the ecosystem would be used as incentives.
At the time of printing, TRON (TRX) is ranked as the 10th largest cryptocurrency by market capitalization, and trades around $ 0.02, up 4.29 percent on the day, according to CoinMarketCap data.