BitTorrent to Announce New Incentive Plans for BTT Users
According to a recent tweet by Justin Sun, the Founder of TRON Foundation and CEO of BitTorrent, three new plans to incentivize the use of BTT by its 1 billion users are underway.
Today we are unveiling three new incentive plans available to @BitTorrent & @uTorrent users, our partners supporting $BTT, and the clients using #BitTorrent protocol! We look forward to working with more companies and make blockchain accessible EVERYWHERE! https://t.co/sUZnOEYga9
— Justin Sun (@justinsuntron) March 6, 2019
Since January, the cryptocurrency has garnered support by nearly 60 digital asset trading platforms and digital wallets.
Also Read: BitTorrent (BTT) now Available on BitMax
The first incentive briefed about in the official Medium article pertaining to the announcement was user incentives. About BitTorrent user incentives, the team said:
“BitTorrent clients since the company’s inception in 2004 have been downloaded and used on over 1 billion devices. The peer-to-peer software currently serves over 100 million monthly active users globally, and the tokenization of its ecosystem through BTT is progressing as expected.”
Adding to it, the team said:
“We think there’s a great overlap between TRON and BitTorrent. P2P users have a profound understanding of distributed sharing, and it’s a remarkably similar technology that’s used at the core of the blockchain.”
Continuing with it:
“While we won’t reveal additional details for a few more weeks, this new initiative will accelerate education efforts for BitTorrent users about blockchain technology, and it will facilitate access to the latest BitTorrent technology and TRON’s ecosystem.”
Talking about it further, the team said:
“Following the start of the BitTorrent User Incentive Program, we expect the number of TRX holders will increase, consolidating TRON position as a leader within the blockchain industry. Meanwhile, the BitTorrent User Incentive Plan will build a foundation for subsequent CDN construction of decentralization.”
Moving on to partner incentives, the team said:
“Since its launch on January 28th, 2019, BitTorrent (BTT) has been listed on over 30 leading exchanges. including Binance, Bithumb, Bittrex, Bitfinex, Huobi, Upbit, OKEX, Gate.io and it has garnered support from leading wallets such as Trust Wallet, TronLink, Cobo Wallet and HuobiWallet.”
Adding to it:
“To make BTT and BitTorrent technology available to most people, the company soon will offer a Partnership Plan to all exchanges and wallets supporting BTT. This program will allow our partners’ users to receive BTT airdrops and explore the TRON and BitTorrent networks.”
Continuing with it:
“By incorporating this new audience, BitTorrent aims to gather feedback, enhance its protocol and let those new users enjoy the efficiency of its downloading services. while earning tokens by contributing to the ecosystem.”
Finally, talking about the ecosystem incentives, the team said:
“It’s worth noting that BitTorrent is not only a P2P client offering fast and reliable downloading capabilities, but it’s also one the earliest and largest open-source P2P download protocols in the world. Bitcoin’s founder Satoshi Nakamoto states in his mailing-list that it’s a great way to transfer value.”
Adding to it:
“Today, over 1 billion devices have BitTorrent based clients downloaded through BitTorrent and µTorrent. There’s also many other clients using its protocol. To make BTT available to most people and accelerate blockchain mass-adoption, BitTorrent plans to offer an incentive program to clients relying on the BitTorrent protocol so that their users too can partake in BTT. This new initiative sheds light on BitTorrent’s principle of being open-source, and it boosts the entire industry by promoting blockchain technology.”
These incentive plans would not only benefit the development of BitTorrent and TRON ecosystem but would also represent an all-new growth spurt for the entire crypto industry. The intent behind all of these implementations is to expand the user base and to scale the products of BitTorrent and TRON in such a way that the whole industry is benefitted from the changes.
This is certainly something to look forward to, coming from one of the very first decentralized products in the history of the internet.