Tron Takes Over Blockchain App Store CoinPlay to Enhance TRX Ecosystem

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Tron Takes Over Blockchain App Store CoinPlay to Enhance TRX Ecosystem
Recently, TRON has partnered and acquired various leading firms in the blockchain arena in an attempt to create the best infrastructure for a practically decentralized Internet. Now the company takes over blockchain App store CoinPlay.
Tron Takes Over Blockchain App Store CoinPlay to Enhance TRX Ecosystem

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Source: CoinSpeaker

Tron Dives into Social Networking, Announces New BitTorrent Live Streaming Service

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Tron Dives into Social Networking, Announces New BitTorrent Live Streaming Service
New BitTorrent Live streaming service will let users create their live content and find other people with similar interests.
Tron Dives into Social Networking, Announces New BitTorrent Live Streaming Service

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Source: CoinSpeaker

Crypto Market Wrap: BNB and BitTorrent Token (BTT) Defying Sunday Correction

Crypto markets correcting this Sunday; Bitcoin Cash, SV and Crypto.com dumping, BNB, BitTorrent Token and Tezos still up.
Market Wrap
Crypto markets have started to pull back following their $6 billion pump yesterday. Sunday’s action has been somewhat slower as total market capitalization drops back below $140 billion and a selloff starts as day traders take profits.
Bitcoin could not hold yesterday’s high of $4,080 and has fallen back a little. BTC still remains above $4,000 but only just, this heavy resistance zone has proven very difficult to overcome. At the time of writing BTC is trading at $4,020 and volume has dropped below $10 billion indicating that the rally is running out of steam.
Ethereum has also fallen back below $140 after hitting a three week high of $145 yesterday. The 3.4% decline could accelerate losses back to the low $130 area where ETH traded for most of last week. XRP is also falling back but not as severely as Ethereum, closing the market cap gap up again.
The top ten is pretty much all in the red during the day’s Asian trading session. That is all except Binance Coin which is acting like a stablecoin again as traders drop their altcoins and convert back into BNB or USDT. BNB has currently bucked the trend and has made 4.5% today to reach $15.80 following lackluster performance yesterday. Bitcoin Cash is dropping the most after its huge pump yesterday as BCH falls 5% back to $150. The rest are dropping a couple of percent as the market corrects.
The top twenty is also showing losses across the board at the moment with Bitcoin SV the biggest loser with 5% shed. The rest are cooling off and dropping a percent or two.
FOMO: BitTorrent Token Testing Highs
There are no major pumps going on at the moment but the only altcoin in double digit gains is BTT which has climbed 12% on the day. The pump which started a couple of hours ago resulted in a volume jump of five times from $12 million to $64 million, most of which traded on Binance. The early access program has just been launched and more airdrops are approaching which could be driving momentum;

The Early Access Program is live! A randomized selection of our email list will receive an invitation to see the first build of BitTorrent Speed. Sign up with our email so you can be eligible for our next Early Access Test. $BTT #BTT https://t.co/6khNwfxYhR pic.twitter.com/oYQvky7TM8
— BitTorrent Inc. (@BitTorrent) March 16, 2019

Tezos is also one of the top one hundred’s top performers at the time of writing. XTZ pumped over 8% after the rally yesterday and has maintained most of those gains. The move has taken Tezos to a two month high of $0.50, the token has since pulled back marginally but is still riding high this year. ABBC Coin is also having another pump today with a similar move of 7%.
Massive profit taking is going on with Crypto.com’s CRO token as it dumps 25% today. Following a 500% pump in less than a week the inevitable has started and the dump begins, where it will stop remains to be seen. Aurora is also suffering today with over 8% lost.
Total market cap 24 hours. Coinmarketcap.com
Total crypto market capitalization has cooled off and dropped back below $140 billion, losing a couple of percent from Saturday’s rally. Volume is back to $30 million and markets could see further losses if day traders continue to sell off their altcoins.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: BNB and BitTorrent Token (BTT) Defying Sunday Correction appeared first on NewsBTC.
Source: New feedNewsBTC.com

TRON Users Spent $31 Million on DApps in a Day Whilst Justin Sun Breaks New Announcement

Amid the bearish crypto market, TRON users seem more optimistic. Reportedly, TRX users spent US$ 31 million on DApps which is twice in value spent on DApps built on other networks including EOS and ETH. Eventual to the records, CEO of TRON, Justin Sun revealed the upcoming plan of adding 2000 DApps in 2019.
TRON Users Spend Millions
The latest report from DApp.review disclosed that TRON DApps are ruling the DApp industry in contrast to the DApp from rival blockchain platform. However, yet another analysis made by TRON supporter revealed that the users and developers have spent as much as $31 million on DApps. Till date, TRON records a higher number of 2 million transactions.

#TRON DApp volume & transactions keep growing📈#TRX users spent $31 million USD on DApps yesterday, far more than double the amount spent on #EOS & #ETH DApps combined
The highest ever number of transactions on TRON DApps was also recorded, surpassing 2 million txs$TRX $BTT pic.twitter.com/fB6xQ43SW8
— Misha Lederman (@mishalederman) March 14, 2019

Indeed in March, TRON’s total transactions count more than $46M in comparison to $11M from Ethereum and $4 Mln from EOS. This reportedly continued to grow until March 13 and counted over $31 million against the rival firms ETH with $11 Mln and EOS with $ 2Mln. This comes in a wake of TRON network exceeding 2 million mainnet user accounts. Furthermore, TRON believes to have 2000 DApps on its network by year end which is reportedly 10X more than current DApps available.

#Tron is expected to have 2,000 DApps on its network by the end of 2019.
That’s about 10x more DApps than there are currently on the $TRX network.
Can’t stress this enough – #TRX DApps are in their INFANCY right now.
What will the things look like EOY? What about 2020? 🤔
— TRX Colony (@TronColony) March 14, 2019

Justin Sun – The future of Cryptocurrency is Promising
Furthermore, in the latest interview with CNBC, Justin Sun expressed the status of TRON, DApps, and BitTorrent. However, while speaking to CNBC, Sun confidently claimed that the future of cryptocurrency is promising’ and revealed that;
“I have a very optimistic point of view of the future of both Bitcoin and cryptocurrency since you can see the Lightning Network, and also Facebook and JP Morgan, is trying to issue a stable coin on the blockchain, so I think everything is very promising right now.”
During the discussion, Sun admired his own project and said, TRON network presently has 100 million monthly users across 138 countries. In his own words;
“We have over 100 million monthly active users in over 138 countries, which I think a lot of companies, like Facebook, will also bring a lot of people into the industry as well.”
 

#Bittorrent roadmap milestones make CNBC HEADLINES 🔥🔥🔥
🔍🗞@justinsuntron on CNBC speaking about #Bittorrent & $TRX
‘’Q2 we will be introducing 100 Million users to the $BTT network,one of the largest file transfer networks in the world’’ 🖥🌎💥 #btt #trx #tron pic.twitter.com/e27yF2BLbR
— «฿-cяуρт(𝓞)νєяℓσαd-฿» (@CRYPTOVERLOAD) March 13, 2019

What do you think of TRON DApps? Do you think it reaches the expected 2000 DApps before the year 2019 runs out?
The post TRON Users Spent $31 Million on DApps in a Day Whilst Justin Sun Breaks New Announcement appeared first on Coingape.
Source: CoinGape

Tron’s BitTorrent [BTT] sees major slump; falls by 5.64%

Tron’s BitTorrent [BTT] has been gaining popularity amongst the masses ever since its launch and the Chief Executive Officer of the Tron Foundation and BitTorrent, Justin Sun, has managed to keep up the hype surrounding the token, despite its falling price.
Source: TradingView
BTT, at press time, was valued at $0.0007 and reported a 24-hour trading volume of $39.83 million. However, the coin fell by 5.64% over the past day and has since been trying to recover. The coin was undergoing market correction at press time and was up by 1.06% over the past hour. Over the week, the token ranking 1,783 on CoinMarketCap list reported a fall of 1.20%.
The token was highly traded on Binance Exchange, one of the largest cryptocurrency exchanges in the world. BTT recorded a total trading volume of $10 million for the BTT/USDT trading pair and a volume of $8.6 million with the BTT/BTC pair on Binance. UPbit noted a trading volume of $9.5 million with the BTT/KRW pair.
BitTorrent recently concluded its second round of the BTT airdrop for TRX holders on various exchanges and wallets. Along with these airdrops, three new incentive programs have also been planned for BitTorrent and uTorrent users, partners, and ecosystems. These three incentives are User incentives, Partner incentives, and Ecosystem incentives.
Each of these programs is designed to increase the adoption of the newly-launched coin and benefit investors. Under user incentives, BitTorrent plans to educate its people about why it’s crucial to invite more investors and spur wider adoption. This incentive was driven by only a handful of the company’s 100 million monthly users holding Tron [TRX] or BitTorrent [BTT] tokens. The company plans on offering incentives to all clients using its protocol, while offering to be the largest open-source P2P download protocols in the world, under the Ecosystem incentive.
According to the Tron Weekly report, BitTorrent [BTT] has been listed on 35 exchanges and under the partner’s incentive, the company plans on adding multiple wallets and exchanges that will support the token.
The post Tron’s BitTorrent [BTT] sees major slump; falls by 5.64% appeared first on AMBCrypto.
Source: AMB Crypto

BitTorrent Price Analysis [BTT]: A Wedge Breakout Is Finally Confirmed

BitTorrent Price Analysis: The price of BTT/USD reached a high of $0.00105 on February 24th, before sharply breaking down. While it initially struggled to make a bottom, it finally made one at $0.00073. The price had been trading inside a descending wedge for the past 21 days, before breaking out on March 11. Currently, it has not yet reached the first resistance area near $0.0009. The breakout was done at a very significant volume.
Key Highlights:

There is major resistance near $0.0009 and $0.00102.
There is support near $0.00073.
The price just broke out of a descending wedge.
Indicators show overbought conditions.
The price is trading above the short and medium-term moving averages.

BitTorrent Price Analysis – BTT/USD – 2 Hours Chart
BitTorrent Price Analysis chart source: Tradingview, Binance
A look at the 2-hour chart shows us that the price reached a high of nearly $0.00105 on February 22 before sharply breaking down. Since the high, it has created numerous lower highs, generating a descending wedge in the process. Furthermore, it created a support area near $0.00073, validated more than three times, from where the breakout occurred. The wedge lasted for approximately 21 days.
Also Read – Bitcoin [BTC] Price Analysis: Price Might Have Started a Downtrend
As for the indicators, the price recently broke out of the 21 and 50-period moving averages and the Ichimoku Cloud. The 21 and 50-period MAs have made a bullish cross and are offering close resistance to price. The RSI was trading at 79, indicating overbought conditions, but returned to 51 shortly afterward. The MACD is at its highest levels in a month, but seems to be losing power and has almost made a bearish cross.
 BitTorrent Price Analysis– BTT/USD – 30 Minutes Chart
BitTorrent Price Analysis chart source: Tradingview, Binance
A look at the 30-minutes chart shows that the price tried unsuccessfully to break out of the previous resistance near $0.00083. However, the upward move was done at a very significant volume, indicating that future price increases could occur. However, the retracement has been swift, and the price has lost almost all of its gains. The price is not following a trading structure besides the resistance area near $0.00083.
As for the indicators, the MACD has made a bearish cross and is falling down. Furthermore, it has crossed into negative territory. The RSI is at 39, indicating neither oversold nor overbought conditions.
The post BitTorrent Price Analysis [BTT]: A Wedge Breakout Is Finally Confirmed appeared first on Coingape.
Source: CoinGape

Tron’s [TRX] BitTorrent completes BTT airdrop as date for next round is revealed

Tron [TRX] and its assets made waves in the world of cryptocurrencies with several updates and developments aimed at targeting the lack of interoperability in the ecosystem being announced on a routine basis. Tron’s newly acquired BitTorrent had previously announced that they were ready for the second airdrop with users set to receive 990,000,000 BTT.
Tron Foundation and BitTorrent have now revealed that the BTT airdrop was complete. Justin Sun, the Chief Executive Officer [CEO] and founder of Tron Foundation, tweeted,
“$BTT airdrop completed! It’s now processing through the exchanges & wallets, please be patient and thank you all for supporting it! Next one will be on April 11.”
Sun stated that the block height for the snapshot was 7,384,207, with all of the 990,000,000 being transferred in the airdrop. The BitTorrent airdrop was supported by several popular exchanges like Binance, Huobi, and OKEx. Previously, Sun had commented on the airdrop demo after there were rumors about the performance of the airdrop. He tweeted,
“Saw demo today. #BTT is running extremely smooth and fast which is powered by #TRON. Every Tx is instant and safe with decentralization guaranteed. I can’t imagine how much we will shake the industry once we deliver these to the entire 100 million active users.”
BitTorrent has been working to increase its adoption following its latest incentives program. The Tron-acquired company announced that its new incentive plans will be for BitTorrent and uTorrent users, partners and ecosystems. The original announcement read,
“To keep growing the #BitTorrent community and make #blockchain accessible to most people we are unveiling three new incentive plans available to our users, partners, and the clients using our protocol!”
Tron is having good week after it was reported that Tron’s market volume was more than the combined value of both Ethereum and EOS across two days. This was showcased by a report from DApp Review, which stated that Tron’s volume value of $43.616 million was far more than the $11.617 million and $4.408 million clocked by EOS and Ethereum respectively.
The post Tron’s [TRX] BitTorrent completes BTT airdrop as date for next round is revealed appeared first on AMBCrypto.
Source: AMB Crypto

India: Bitcoin [BTC], XRP, and Ethereum [ETH] among top-five highly traded cryptocurrencies, finds report

India has been working towards the adoption of cryptocurrencies, with its lawmakers trying to understand the blockchain technology and the cryptocurrency market. According to the data collected by news publication Bitcoin News, with the help of Indian exchanges, five cryptocurrencies are the preferred choice of Indians.
Bitcoin [BTC]
The kingpin coin was highly traded on Indian exchanges like Wazirx, Coindcx, and Instashift. BTC, the world’s largest cryptocurrency, was the third most-traded cryptocurrency in 2019. Wazirx contributed $6.5 million worth of BTC in trade between January 1 and March 7.
In the same period, Coindcx swapped 792 BTC for its users and Instashift’s trade in BTC accounted for 77.76% of its total buy volume and 67.58% of its total sell volume.
In 2019, the price of BTC saw a spike of more than 4.28% from $3,742 at the beginning of the year to $3,937.97, at press time. The market cap of the coin was $69.34 billion and the 24-hour trading volume was $10.70 billion.
Ethereum [ETH]
Ethereum [ETH], the second largest coin according to market cap, was also the second most-traded coin on Wazirx. The token noted transactions worth $2 million between January 1 and March 7. ETH was the fourth most-traded token on Instashift, but failed to acquire a place in the top-five coins by trading volume on Coindcx and Bitbns.
ETH’s noted a market cap of $14.51 billion and a 24-hour trading volume of $4.89 billion. ETH was valued at $138.01 at press time.
XRP
XRP was one of the top five coins with large trading volumes on Wazirx, Coindcx, Instashift, and Bitbns. The third largest cryptocurrency on CoinMarketCap was the third most-traded cryptocurrency on Wazirx, with nearly $2 million worth of XRP being traded.
The token was fourth most-traded on Coindcx, with 456 BTC worth of XRP being traded between January 1 and March 7. XRP was most-traded traded on Bitbns and second most-traded on Instashift, managing a total buy volume of 9.31% on Instashift and 9.74% of the exchange’s total sell volume.
At press time, XRP was valued at $0.3160 with a market cap of $13.09 billion. The token reported a 24-hour trade volume of 756.36 million.
Tron [TRX]
Tron [TRX] made it to the top five list of most-traded coins of Wazirx, Coindcx, and Bitbns. Wazirx reported transactions of around $1.7 million of TRX and 423 BTC worth of the coin traded on Coindcx.
The tenth largest coin according to CoinMarketCap list was valued at $0.022699, with a market cap of $1.51 billion. The coin registered a 24-hour trading volume of $161.27 million.
BitTorrent Token [BTT] 
Even though BTT was a newly launched coin in the crypto market, it was among the top five coins traded on Wazirx and Coindcx. Wazirx traded nearly $800,000 worth of the coin until now, while Coindcx traded an equivalent of 559 BTC.
The token started trading on Wazirx last month and soon became one of the most-preferred cryptocurrency for trade. The publication said that the reason behind its instant popularity was the monthly airdrop for TRX holders, which was also supported by Wazirx. The token’s current value is $0.0007 with a 24-hour trading volume of $22.42 million.
The post India: Bitcoin [BTC], XRP, and Ethereum [ETH] among top-five highly traded cryptocurrencies, finds report appeared first on AMBCrypto.
Source: AMB Crypto

Tron’s BitTorrent [BTT] ready for second airdrop; Tron [TRX] holders to receive 990,000,000 BTT

BitTorrent has been riding the bull market following the huge community support provided to its newly launched BitTorrent Token [BTT]. To celebrate the success of the token, BitTorrent had decided to carry out airdrops worth 11,880,000,000 BTT for 12 months to Tron [TRX] holders. BitTorrent announced the second round of the airdrop recently, which will reward Tron [TRX] holders with 990,000,000 BTT.
This news was revealed via a Tweet by BitTorrent,
“Are you ready for our second #airdrop? On March 11th at 00:00 UTC we will reward TRON $TRX holders with 990,000,000 $BTT. Learn more about our airdrop program, and the exchanges & wallets supporting it!”
BitTorrent also provided a list of wallets and exchanges where the airdrop will take place. The list includes prominent exchanges like Binance, OKEx, and Huobi and wallets like Trust Wallet and Tron Wallet.
The first airdrop on 11 February was followed by many fake exchanges asking users to exchange their TRX token with BTT tokens. Justin Sun, the CEO of Tron and BitTorrent, had warned the community that BitTorrent and Tron would never ask users to send any token in exchange for eventual airdrops.
Recently, BitTorrent also revealed three new incentive plans for BitTorrent and uTorrent users, partners and ecosystems. These programs were announced by BitTorrent to increase adoption of the token and included incentives for users, partners, and the clients using its protocol.
Under the user incentives, BitTorrent plans to educate its people about why it’s crucial to invite more investors and spur wider adoption. BitTorrent is also joining hands with wallets and exchanges supporting the BTT token for organizing regular airdrops and the program will allow their partners to receive BTT airdrops. Lastly, Ecosystem incentive will offer incentives to clients using its protocol, while promising to be the largest open-source P2P download protocol in the world.
The post Tron’s BitTorrent [BTT] ready for second airdrop; Tron [TRX] holders to receive 990,000,000 BTT appeared first on AMBCrypto.
Source: AMB Crypto

Tron’s BitTorrent [BTT] reveals its new incentives program to increase adoption

Tron’s Justin Sun announced his plan to bring 1 billion BitTorrent ecosystem users into the Tron and BTT world with increased partnership support. Sun also published three new incentive plans for BitTorrent and uTorrent users, partners, and ecosystems, on March 7.
BitTorrent announced the program stating,
“To keep growing the #BitTorrent community and make #blockchain accessible to most people we are unveiling three new incentive plans available to our users, partners, and the clients using our protocol!”
BitTorrent, a leading software company with the fastest torrent client in the world, wants its 1 billion users to adopt its newly launched BitTorrent Token [BTT] with the help of these three new incentive programs. The program will help in increasing the number of uses-cases of BTT and drive the development of the BTT ecosystem.
A Medium blog post by BitTorrent highlighted the three incentives programs, ie. BitTorrent User Incentives, Partner Incentives, and Ecosystem Incentives.
User Incentives
Under the user incentives, BitTorrent plans to educate its people about why it’s crucial to invite more investors and spur wider adoption. This is in light of only a handful of the company’s 100 million monthly users holding Tron [TRX] or BitTorrent [BTT] tokens.
Partner Incentives
BitTorrent is planning to join hands with wallets and exchanges supporting the BTT token for organizing regular airdrops. BTT received support from over 30 trading platforms, including Binance, Huobi, and Gate.io.
Ecosystem Incentives
The company plans on offering incentives to all clients using its protocol, while offering to be the largest open-source P2P download protocols in the world.
The new developments garnered a lot of support from the community, but the bear market converted many into skeptics. At press time, BTT was valued at $0.0007, while noting a 24-hour trading volume of $40.89 million. It reported a fall of 8.29% over the past week and fell by 0.02% over the past day.
The post Tron’s BitTorrent [BTT] reveals its new incentives program to increase adoption appeared first on AMBCrypto.
Source: AMB Crypto

Tron is Developing an Instant Social Tool That Will Combine With BitTorrent [BTT]: Justin Sun

Justin Sun is known as a crypto prodigy because of his understanding of the crypto environment and the products and tools users would need. While taking questions in Qian’an Telegram Community he made a similar announcement. While answering, Justin mentioned that TRON is developing a social media tool that combines BTT.
New tool to help content creators to connect with fans
Justin Sun recently participated in the Qian’an Telegram community interactive question and answer activity and answered the few questions raised by community users around BitTorrent and BTT. Amidst this Q&A session, Justin revealed that Wavefield Tron- The blockchain-based open source decentralized content entertainment protocol- is developing a social media tool that combines BTT. With this tool, content producers can not only earn content by distributing content themselves but also connect fans or followers for greater profitability. surpassed Ethereum in terms of DApp trading volume, user activity, and other indicators, and at the same time formed a catch-up trend for EOS
Over the past year, Wavefield has seen some tremendous growth and this tool is expected to help the growth rate to accelerate. It has been an outperformer and has grown into one of the “three major public chains” of Ethereum and EOS.
Speaking on the markets, Sun mentioned that
“the return of the bull market depends on whether the cryptocurrency can be used on a large scale and when it can be applied on a large scale.”
This statement clearly shows Justin’s bullishness on his Wavefield platform. Speaking about the importance of BTT, Justin Sun mentioned
“ First of all, BTT is not a one-time project. BitTorrent has a massive user base with nearly 100 million active users worldwide. In the 16 years from 2003 to the present, this number has not changed much, and it has not declined. As a P2P download software that dominates the market, it has proven to be more trustworthy than BTC. BTC was born 10 years ago, but BitTorrent has a history of 16 years. Under the influence of many reasons, BTT is widely favored by the industry, we don’t even need to go to the hype. Because of this, I am not worried about its popularity.”
While being bullish on BitTorrent, Justin mentioned that BitTorrent will never launch its own main network because he felt that it Torrent’s most prominent asset is its P2P network, and the advantage of the wave field is the blockchain technology. The two should learn from each other. But Sun did mention that TRON may consider the integration of the wave field network and the BitTorrent network
While Tron and Justin look confident of what they are doing, BitTorrent in itself looks a key driver that could take Tron coin to newer heights. The coin is getting fundamentally stronger and will definitely see a rise in times to come
Will Tron break into the Top 5 coins this year? Do let us know your views on the same.
The post Tron is Developing an Instant Social Tool That Will Combine With BitTorrent [BTT]: Justin Sun appeared first on Coingape.
Source: CoinGape

TRON’s Odyssey 3.5 Hard Fork Brings Interesting New Upgrades

CoinSpeaker

TRON’s Odyssey 3.5 Hard Fork Brings Interesting New Upgrades

The new Tron hard fork brings concrete improvements like 50% improved network performance, multi-sig features, better safety, and dynamic energy adjustment.

TRON’s Odyssey 3.5 Hard Fork Brings Interesting New Upgrades

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Source: CoinSpeaker

EOS, Tron, Ethereum: The Top 3 in the New China’s CCID Crypto Rankings Report

CoinSpeaker

EOS, Tron, Ethereum: The Top 3 in the New China’s CCID Crypto Rankings Report

The latest CCID rankings suggest that the tokens with blockchain networks that let developers create smart contracts and run dApps are better than several other major cryptos in terms of applicability. EOS, Ethereum and Tron ranked highest.

EOS, Tron, Ethereum: The Top 3 in the New China’s CCID Crypto Rankings Report

Continue reading at Coinspeaker
Source: CoinSpeaker

Tron Promises to Add Four New Features After Its Hard Fork Goes Live on February 28

CoinSpeaker

Tron Promises to Add Four New Features After Its Hard Fork Goes Live on February 28

This week Tron is going to hard fork its network to its 3.5 version and offer four new features for institutional users.

Tron Promises to Add Four New Features After Its Hard Fork Goes Live on February 28

Continue reading at Coinspeaker
Source: CoinSpeaker

Binance announces 200,000,000 BTT giveaway via trading competition

Since its launch, BitTorrent Token [BTT] has seen considerable adoption amongst major exchanges. The token’s launch on Binance’s launchpad was a huge success and Tron Foundation has been actively promoting the token by carrying out various activities, including airdrops. Binance too has now joined the foundation in promoting the token by designing a BTT trading competition.
The exchange made the announcement on February 21 via Twitter.
Source: Twitter
Binance stated that the competition is being hosted to celebrate the successful launch of the BTT token and the team committed a total of 200,000,000 BTT in prizes. Binance has divided the giveaways into four categories, including Deposit Promotion, Trading Competition, Reward Calculation, and Lucky Draw. The competition will start on February 22 and will go on till March 1.
The exchange has also laid down certain norms like disqualifying trades which are believed “to be wash trades or display attributes of market manipulation”.
However, some Twitter users feel that this is an orchestrated attempt to pump the market. Twitter user @Brad2pointO tweeted on the same thread saying:
“Attempts to pump it so they can dump it at new ATH’s lol.”
Another Twitter user, @bitcorn__ also, joined the bandwagon and said:
“I don’t like this token, but even I think it’s gonna pump now, actually I’ll probably buy some now ffs”.
Some users seemed concerned about the giveaway as they believe that it could negatively impact the coin’s price. @harake_hussein opined:
“I do not like giving away competition, it reduces the value of the coin. How would you convince me to invest in something that you are giving away 200,000,000 for free”.
There were a handful of users like @Kumar62399018, who looked at this competition with a positive outlook and said:
“This is what we were waiting, let’s do it. I converted some of my BTC to BTT. Waiting for tomorrow to start trading.”
The post Binance announces 200,000,000 BTT giveaway via trading competition appeared first on AMBCrypto.
Source: AMB Crypto