Bittorrent (BTT) Token Launch on the Tron Blockchain WHAT IS BITTORRENT 1.0 WHAT IS BITTORRENT? PROJECT ATLAS
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BitTorrent (BTT) token launch on the Tron Blockchain WHAT IS BITTORRENT 1.0 WHAT IS BITTORRENT? PROJECT ATLAS BITTORRENT VALUE TRADE SETUP EXAMPLE WHAT TO EXPECT NOW If you never used BitTorrent, Utorrent or other similar downloading-platforms, to put it in a simple way, this is how it works: 1. You can use a browser to find a special “magnet code” to download pretty much any kind of file. From images to movies, music, games and so on. 2. The magnet is then used to connect you to Peers inside the BitTorrent Network. 3. Peers are people keeping a connection between the files they previously downloaded and the BitTorrent App on their computer. 4. After that you are able to download fragments of the file from all the Peers that are keeping the same file available. 5. Without going too much in depth with the technical parts, the bottom line is: the more people keep Peering the better everything works. — www.bigbit.club www.keylabgroup.com For clear reasons, it is vital that people keep Peering, otherwise the network would become slower and slower until BitTorrent would cease to exist. Stay connected with our news and comments for free Source: www.bittorrent.com WHAT IS BITTORRENT 1.1 WHAT IS BITTORRENT? PROJECT ATLAS BITTORRENT VALUE TRADE SETUP EXAMPLE WHAT TO EXPECT NOW To help the network achieve stability, BitTorrent implemented since the beginning, a system of incentives which should supposedly keep the peers engaged. These incentives grant any user who is peering a higher download speed depending on the upload speed. Basically, the more a user gives to the system, the more they receive. Concretely, the best upload rate you have the best download rate you will get. This incentivises the users to give resources to the system, typically bandwidth to upload. This makes, in addition to the idea of trying to upload first the less available part of a file to increase its availability, a powerful incentive mechanism. — www.bigbit.club www.keylabgroup.com However, when a user gets the entire file and becomes a seeder, he does not have any incentives to be also a good uploader. This may be a major problem, as the presence of seeders is essential for BitTorrent to have good performance. Stay connected with our news and comments for free Source: www.bittorrent.com WHAT IS BITTORRENT 1.2 WHAT IS BITTORRENT? PROJECT ATLAS BITTORRENT VALUE TRADE SETUP EXAMPLE WHAT TO EXPECT NOW Ideally, tit-for-tat provides fairness: each person receives data as quickly as they contribute. In practice, high capacity users contribute much more than they receive. Today however, the protocol is still in regular use on well over one hundred million internet-connected computing devices each month. — www.bigbit.club www.keylabgroup.com Stay connected with our news and comments for free Source: michaelpiatek.com WHAT IS BITTORRENT 2.0 PROJECT ATLAS PROJECT ATLAS BITTORRENT VALUE TRADE SETUP EXAMPLE WHAT TO EXPECT NOW Previously this year, Tron acquired BitTorrent for $150,000,000. This partnership between TRON and BitTorrent has been dubbed ‘Project Atlas.’ The vision is ambitious. The TRON network will infuse the torrent ecosystem with storage and bandwidth, increasing the number of high availability and long torrent lifetimes. — www.bigbit.club www.keylabgroup.com Stay connected with our news and comments for free Atlas Sculpture at the Rockefeller Center, NY WHAT IS BITTORRENT 2.1 PROJECT ATLAS PROJECT ATLAS BITTORRENT VALUE TRADE SETUP EXAMPLE WHAT TO EXPECT NOW While BitTorrent has always had a built-in incentive model — users who upload faster can download more quickly — with TRON’s expertise BitTorrent will now compensate users with TRX tokens for participating and contributing. Users can, in turn, use TRX to access special features. For “Project Atlas is the foundation for a new way of instance, you will have the option to get faster downloads by content distribution. To start, the product will feature bidding with TRX tokens. faster downloads, more seeds, no mining, and backward compatibility. It is adapted to the world we — BitTorrent peers will also be able to offer TRX as an incentive live in today: mobile, connected, and transparent. We www.bigbit.club aim to eventually empower all content creators and www.keylabgroup.com to other users to run clients on faster networks and to seed their communities by eliminating the middleman and torrents for more extended periods of time. enabling content creators to distribute directly to Stay connected with our users.” news and comments for free - Justin Sun, founder and CEO of TRON WHAT IS BITTORRENT 2.2 PROJECT ATLAS PROJECT ATLAS BITTORRENT VALUE TRADE SETUP EXAMPLE WHAT TO EXPECT NOW If you are holding TRX, you will be eligible for BTT airdrops. All official wallets relaying on TRON’s network and carrying TRX will be eligible for BTT airdrops corresponding to the amount they are holding. No minimum of TRX is required to qualify for BTT airdrops. Airdrops will be automatically distributed to the TRON (TRX) — holders, regardless of whether TRX are frozen. Exchanges www.bigbit.club supporting the airdrops will be announced on the BitTorrent www.keylabgroup.com (BTT) official website and BitTorrent’s official Twitter, Blog, and Medium account. Stay connected with our news and comments for free https://medium.com/bittorrent/bittorrent-foundation-unveils-more-details-regarding-bittorrent-b tt-airdrops-for-tron-trx-8bbd194f8a87 WHAT IS BITTORRENT 3.0 BITTORRENT VALUE PROJECT ATLAS BITTORRENT VALUE TRADE SETUP EXAMPLE WHAT TO EXPECT NOW As previously stated, BitTorrent was recently acquired by Tron on July 2018 for $150,000,000 Even though it’s hard to give a precise evaluation we can assume that the total capitalization of BitTorrent might be around the same as the cost of purchasing the company. The important question is what will be the entity of the airdrop/token-issuing that will occur later this month. — www.bigbit.club For instance if we consider that the amount issued will www.keylabgroup.com account for 10% of the total capitalization, the price should reflect a M.cap of around $ 15,000,000 Stay connected with our news and comments for free Source: coinmarketcap.com WHAT IS BITTORRENT 3.1 BITTORRENT VALUE PROJECT ATLAS BITTORRENT VALUE TRADE SETUP EXAMPLE WHAT TO EXPECT NOW How one should have approached “Project Atlas”: By buying TRX on an exchange that was supporting the airdrop (Binance) Going short on an exchange that was not supporting the airdrop (Bitmex) This operativity was very profitable as nobody knew how much would be airdropped or how much of the M.cap would be issued. — So a good return of investment with little to no risk. www.bigbit.club www.keylabgroup.com Of course now it is late as the market already evaluated the difference between TRXh19 and TRX/BTC on Binance, Stay connected with our topping at an astonishing 17%. news and comments for free WHAT IS BITTORRENT 4.0 TRADE SETUP EXAMPLE PROJECT ATLAS BITTORRENT VALUE TRADE SETUP EXAMPLE WHAT TO EXPECT NOW Let’s analyse how this low-risk trade could’ve been done: First, it is important to notice that the best opportunity to open the trade was before the 9th of January 2019. In this example we will say we have 10 BTC available for the trade. For simplicity we will split our assets in 2 parts. ● 5 BTC will go on Binance to buy TRX ● The other 5 will go to Bitmex. — www.bigbit.club www.keylabgroup.com After buying TRX on Binance we would need to close our position by going short of the same amount on Bitmex. Stay connected with our Less than 2 days later we would sit on a 15% profit with a news and comments for free very low risk. WHAT IS BITTORRENT 5.0 WHAT TO EXPECT NOW? PROJECT ATLAS BITTORRENT VALUE TRADE SETUP EXAMPLE WHAT TO EXPECT NOW As shown on page 8, BitTorrent is planning to Airdrop approx 10% of its total supply to TRX holders in a span of approximately 7 years. Also, they hinted that they will airdrop another 10% of their supply to award TRXs long term holders. (although they also state this may change any time) We will have to wait and see what will happen after the — token is issued and the Network starts using this new www.bigbit.club www.keylabgroup.com protocol. Stay connected with our In the meantime we will keep you updated. news and comments for free WHAT IS BITTORRENT 5.1 WHAT TO EXPECT NOW? PROJECT ATLAS BITTORRENT VALUE TRADE SETUP EXAMPLE WHAT TO EXPECT NOW Binance will also host, on Monday 28th, BitTorrent’s first “token sale”. Trough Binance Launchpad, they will be issuing 990,000,000,000 BTT. This will be the third “crowdfunding” for the Binance platform. As usual, you will be able to contribute both trough TRX and — BNB (no ethereum contributions accepted this time). www.bigbit.club www.keylabgroup.com Shortly after the Token will start trading on the exchange. Stay connected with our news and comments for free Source: binance.com CREDITS: WHAT IS BITTORRENT PROJECT ATLAS BITTORRENT VALUE BIGBIT KEY LAB GROUP TRADE SETUP EXAMPLE WHAT TO EXPECT NOW Research Research We are specialized in the analysis of cryptocurrency, Our team of analyst is constantly searching for new blockchain technology, evaluation of "Initial Coin technologies and business opportunities. Offerings". We focus on “tokenomics” and blockchain analysis to create the best environment for project development. Consulting We offer technical and operational advice on how to Consulting securely and efficiently buy, store and manage We specialized in solutions to implement Blockchain in cryptocurrency and related applications, exchanges and existing business and we offer certification on blockchain.