Saturday , January 16 2021

Crowdsale BitTorrent brought $ 7.2 million, ending in less than 18 minutes with technical problems

On Monday, January 28, ICO's Binance Launchpad site had a full BitTorrent, expected by many investors. The campaign, accompanied by increased agitation and technical problems, was completed in less than 18 minutes, and according to its results, 59.4 billion total currents (about 7.2 million dollars) were sold.

The BTT Crowdsale started at 15:00 UTC and was held in two parallel sessions: one of them could buy symbols for the TRON (TRX) crypto-flag and the second for symbols of the BNB.

– Both sessions are complete. It took about 18 minutes because of system problems. Without them, this time will be 18 seconds. Demand was astronomical, – Binance CEO Channeo Zhao writes on Twitter.

As stated on the company's website, 23.76 billion BTT markers were sold for 13 minutes and 25 seconds for a session of the BNB, the TRON session lasted 14 minutes and 41 seconds, and BTT 35.64 billion sold at the end. During the campaign, one BTT token was sold for 0.00001824 BNB or 0.00447261 TRX.

According to Binance, less than a thousand investors had the opportunity to participate in the crowd – 622 participants in the TRON session and 340 in the session of the BNB.

Under the message, Zhao has made a large number of comments in which angry users write that they can not participate in the crowd due to obvious technical problems – the site simply can not cope with the influx of visitors.

So some users said they did not see the purchase button …

… others said they were seeing a Chinese error message.

Some people still get to the purchase page, but they first encounter a message that the app is in the queue and then notifies you that the campaign is complete.

As Changpeng Zhao explained, those who are happy to buy the tokens have used the most affordable $ 20,000 price. He also explained that the order of applications was respected and that in the future, low limits, however, the need to return investors. campaign, as he was asked, he does not see.

Meanwhile, the founder of the TRON project, Justin Sun, writes that he would like to explore the possibility that BTT will use the symbols of eirdrop for those who due to technical problems can not participate in crowdsale. And judging by the fact that Changpeng is reversing this record, there is such a possibility.

Later, the head of Binance added that the Tron team had agreed to take a small overview, further information on what would be given later.

We also note that another disappointment for investors who previously actively bought TRX and the BNB but failed to take part in the list was a sharp drop in the price of the two assets immediately after the campaign ended.

As ForkLog wrote earlier, the BTT tag was created as a continuation of the Atlas project, based on the TRC-10 standard, but is also fully compatible with the ERC-20. The total issue will be 990 billion BTT. The token itself will be used to reward users to distribute files to BitTorrent and μTorrent torrent trackers.

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