1/12/2023 0 Comments Bittorrent coin news![]() The trading volume rose 2.02% to US$3,735,561 in the last 24 hours to Tuesday morning. Binance became the latest exchange to support the new token, BitTorrent said in a tweet.Īlso Read: Stocks that could give FAANG companies a run for money ![]() However, more and more exchanges are coming on board to support its redenomination. The new token has more use cases than the old one, such as becoming a validator on the BTTC network, paying for gas fees as a native token of BTTC, participating in the governance of the BTTC community, and staking on BTTC to gain rewards.Īlso Read: Top EdTech stocks to explore in first quarter of 2022Īlso Read: Falling prices stoke a winter of discontent for the crypto marketīitTorrent redenominated the token to boost its supply, which had been limited before the redenomination. BitTorrent has 990 billion tokens in supply, with an average of 11,000 tokens per active user and fewer than 500 tokens per client, it said in a blogpost. The redenomination will not affect the token’s market capitalization, but the supply will increase. Users were advised to swap their old BTT tokens with the new ones. The company launched the mainnet with BTT redenomination in December 2021. The move is only aimed at changing the ticker symbol for the token.Īlso Read: Five energy stocks that gave over 100% return in a year ![]() Binance, however, will use the symbol BTTC for the new token on with BitTorrent’s approval. Several exchanges have supported its migration to BTT, the latest one being Binance.īarring Binance, all other supporting exchanges will use BTT as the ticker following its re-listing. The San Francisco-based software company operates a decentralized peer-to-peer or P2P file-sharing torrent platform globally.īitTorrent has redenominated its token into BTTOLD, the older version, and BTT, the new version. BitTorrent (BTT) token rose 9.37% to US$0.002254 at 8:46 am ET on Tuesday after Binance became the latest crypto exchange to support its redenomination.
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