crypto Daya

The BitTorrent Chain (#BTTC ) token:

* Launch Date: The BitTorrent token (BTT) was initially launched in January 2019. The project was acquired by the #TRON Foundation in 2018, which then launched the BTTC token in 2021 as part of a redenomination plan.
* All-Time High (#ATH ):
* Price: $0.00000343
* Date: January 20, 2022

* All-Time Low (#ATL ):
* Price: $0.000000365368
* Date: October 12, 2023

* Total Supply:
* The total supply of $BTTC is 990,000,000,000,000 (990 trillion) tokens.

* Circulating Supply:
* The circulating supply is approximately 986,061,142,857,000 (986 trillion) tokens. This represents about 97.8% of the total supply.

* Total Burned to Date: Over 575 billion BTTC tokens have been burned.

* Percentage of Supply Burned: This burn represents more than 58% of the total supply.

* Upcoming Burns: An additional 3 trillion tokens are planned for future burns.

* #Burn Mechanism
* Annual Burn Event: The BTTC DAO has introduced a smart-contract-based burning system, with annual burns scheduled for July 2nd, which is the anniversary of the BitTorrent's launch.

* "Black Hole Wallet": The network also has a continuous burning mechanism via a "Black Hole Wallet" that automatically removes tokens from circulation 24/7.

* Purpose of Burns: The burns are designed to create a deflationary model, reducing the total supply of BTTC to potentially increase scarcity and in turn drive up its value over time.

I GIVE YOU FIVE REASONS TO BET ON $BTTC .

1. Strong Ecosystem with Real-World Use Case


BitTorrent's platform is one of the largest decentralized file-sharing protocols.
The integration of #BTTC as a utility token in the BitTorrent ecosystem provides real-world use cases.
Users can leverage BTTC for transactions within the BitTorrent network, such as buying and selling content, improving the platform’s speed, and enhancing peer-to-peer file-sharing processes.

2. Partnership with $TRX

Since BitTorrent was acquired by TRON in 2018,
BTTC benefits from the backing and development of the #Tron blockchain, which is one of the top-performing blockchain platforms.
This partnership provides added credibility and resources for scaling the token, as well as integration with TRON's ecosystem, which could enhance its utility and value.

3. DeFi and NFT Expansion

BTTC is increasingly being integrated into decentralized finance (#DeFi ) and #NFT​ platforms,
helping to diversify its use beyond file sharing.
These areas have shown strong growth and adoption, and the growth of BTTC's use in such areas could potentially increase its demand and price.

4. Burn Mechanism and Tokenomics

BTTC has certain tokenomics designed to help manage its supply and incentivize holders.
Some of these mechanisms include token burns, staking rewards, and reward distribution systems that can help reduce circulating supply and increase demand.
A solid burn mechanism can help create scarcity, which may positively impact the token's value in the long run.

5. Community and Market Sentiment

The community around BitTorrent and its use of BTTC is quite large, with millions of users globally.
Additionally, its market sentiment can sometimes be influenced by social media hype, news, or new product releases. If the overall crypto market sees a rise, it could potentially boost BTTC’s price as well, especially if there’s a renewed interest in its ecosystem or partnerships.

Note: Not a financial advice DYOR Before Investing in any Crypto.

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