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RE: BTT and the anatomy of an ICO

in #bitcoin6 years ago

I also enjoyed reading your review and you made a lot of valid good points.
I didn't really looked into BTT because of the crypto bear market and false volume claims by exchanges.
Could you just say something about the utility of the BTT Token where is the potential why should this Tokens be in demand over longer time periode?

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Thanks.

The BTT token is an integral part of BitTorrent. You can see from the quotes I shared in the conclusion just how popular BitTorrent already is. In case you didn't know, it's the biggest torrent service on the planet - in other words it enables peer-to-peer file sharing.

The BTT token will be used as a means of payment of BitTorrent. I haven't looked into all the specifics (because I decided not to buy), but I think it opens up premium features like decentralised file storage and it is also used to pay those who supply content. By incentivising people to stay online and keep their uploads running, BTT improves their platform for its users.

And then there is this: https://medium.com/bittorrent/bittorrent-btt-supported-by-coinpayments-cryptocurrency-payment-gateway-f24f4ef0c044