{"id":54176,"date":"2021-12-06T18:02:55","date_gmt":"2021-12-06T16:02:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=54176"},"modified":"2025-09-03T18:57:56","modified_gmt":"2025-09-03T15:57:56","slug":"btt-token-surges-40-after-bittorrent-chain-mainnet-launch-announcement","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/btt-token-surges-40-after-bittorrent-chain-mainnet-launch-announcement\/","title":{"rendered":"BTT Token Surges 40% After BitTorrent Chain Mainnet Launch Announcement"},"content":{"rendered":"<p>The Tron Foundation announced that on December 12, 2021, the BitTorrent Chain (BTTC) mainnet would launch and the native token BTT would be denominated. The asset&#8217;s price rose by more than 40%.<\/p>\n<figure class=\\\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\n<blockquote class=\\\"twitter-tweet\\\" data-width=\\\"500\\\" data-dnt=\\\"true\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">\ud83d\ude80BitTorrent Chain (<a href=\\\"https:\/\/twitter.com\/hashtag\/BTTC?src=hash&#038;ref_src=twsrc%5Etfw\\\">#BTTC<\/a>) Mainnet will be launched on Dec 12, 2021!<\/p>\n<p>\ud83d\udce2At the same time, BTT Redenomination Plan will be implemented at 1:1,000 with the market cap unchanged. The new <a href=\\\"https:\/\/twitter.com\/hashtag\/BTT?src=hash&#038;ref_src=twsrc%5Etfw\\\">#BTT<\/a> will be issued as <a href=\\\"https:\/\/twitter.com\/hashtag\/TRC20?src=hash&#038;ref_src=twsrc%5Etfw\\\">#TRC20<\/a> tokens on the <a href=\\\"https:\/\/twitter.com\/hashtag\/TRON?src=hash&#038;ref_src=twsrc%5Etfw\\\">#TRON<\/a> mainnet and mapped to the <a href=\\\"https:\/\/twitter.com\/hashtag\/BTTC?src=hash&#038;ref_src=twsrc%5Etfw\\\">#BTTC<\/a> Mainnet. <a href=\\\"https:\/\/t.co\/OconFdFdf6\\\">https:\/\/t.co\/OconFdFdf6<\/a><\/p>\n<p>\u2014 TRON DAO (@trondao) <a href=\\\"https:\/\/twitter.com\/trondao\/status\/1467828842522116097?ref_src=twsrc%5Etfw\\\">December 6, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\n<\/div>\n<\/figure>\n<p>According to the statement, the BTTC protocol uses the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-proof-of-work-pow-algorithm\">Proof-of-Stake<\/a> consensus algorithm and sidechains to scale contracts. It provides interaction with public blockchains <a href=\"https:\/\/forklog.com\/en\/news\/justin-sun-announced-the-launch-of-an-l2-solution-to-scale-tron\">Ethereum<\/a>, TRON and <a href=\"https:\/\/forklog.com\/en\/news\/bittorrent-chain-cross-chain-solution-becomes-compatible-with-binance-smart-chain\">Binance Smart Chain<\/a> (BSC).<\/p>\n<p>Concurrently with the mainnet launch, the denomination of the native token BTT will occur at a ratio of 1:1000. The total supply in the network will increase from 990 billion to 990 trillion.<\/p>\n<p>Among the main use cases for the asset:<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li>the ability to become a validator;<\/li>\n<li>deposits for staking;<\/li>\n<li>participation in community governance;<\/li>\n<li>payment of gas in BTTC.<\/li>\n<\/ul>\n<p>The old token will be renamed BTTOLD, and the assets will coexist for some time, freely exchanging with one another.<\/p>\n<p>BTTOLD will retain its original use cases:<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li>payment for file storage in the BTFS system;<\/li>\n<li>BTFS mining;<\/li>\n<li>accelerating downloads on the BitTorrent protocol.<\/li>\n<\/ul>\n<p>The decision to dramatically increase the token supply in the project was explained as necessary to serve more than 90 million active BitTorrent users, with a user base of more than 2 billion torrent clients in the network. The number of existing tokens per client is less than 500, which could lead to a shortage.<\/p>\n<p>Also, the team noted that the current BTT is inconvenient for calculations, often requiring very small numbers with many decimal places. For example, the standard mining reward for a user is 0.00231 BTT.<\/p>\n<p>The new tokens will be issued on the TRON mainnet on the TRC-20 protocol, whereas the old ones used TRC-10.<\/p>\n<p>In response to the announcement, the price of BTT rose about 43% in less than an hour \u2014 from around $0.0025 to $0.00345. At the time of writing, the rate had retraced to about $0.003.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh4.googleusercontent.com\/DQkg4i4vwNFdLuT5N2FVsSNz-jxvoOBcLGLL36EL7BWRMJpvH8PRT0iffCGgwCxOktSax_njp3AXaD8C6w24-UBXh_5S8vaD96fXmllbsT1d7003w8H8OJRfI1C05tSkrsU8iwvH\\\" alt=\\\"BTT token rose 40% after BitTorrent Chain mainnet launch announcement\\\"\/><figcaption>Hourly BTT\/USD chart on Bitfinex. Data: <a href=\\\"https:\/\/www.tradingview.com\/symbols\/BTTUSD\/?exchange=BITFINEX\\\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Back in September 2021, Tron founder Justin Sun <a href=\"https:\/\/forklog.com\/en\/news\/justin-sun-announced-the-launch-of-an-l2-solution-to-scale-tron\">announced the launch of BTTC<\/a>, with the test network going live on October 30.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Tron Foundation announced that on December 12, 2021, the launch of the BitTorrent Chain (BTTC) mainnet and the denomination of the native token BTT would take place. The asset&#8217;s price rose by more than 40%.<\/p>\n","protected":false},"author":1,"featured_media":54177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[980],"class_list":["post-54176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bittorrent"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=54176"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54176\/revisions"}],"predecessor-version":[{"id":54178,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54176\/revisions\/54178"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/54177"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=54176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=54176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=54176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}