The recent BitTorrent fundraiser (BTT), which was successfully completed on January 28, continues to attract enormous attention: the entire sale of tokens was completed less than 18 minutes after the sale of 59.4 billion tokens worth more than $ 7 million.
A massive sale took place at the Binance Launchpad, which returned to its mini-game after it was not used for a year. According to Binans, the sale would have been completed even earlier, but the platform could not cope with the flow of investors willing to participate.
After the sale, which reminded many cryptocurrencies about the brilliant days of ICO 2017, the trade in BTT tokens became even more successful. At the time of this writing, the BitTorrent token is trading more than six times as much as its fundraising price.
BitTorrent trading volumes continue to reach significant heights every day, and more than $ 200 million have been sold in the last 24 hours.
Binance launch bar looks ahead
Many have thought about what this may mean for the ICO model, which is considered extinct due to the large number of disappointments.
After the promising launch of BTT, which continues to perform well even during a bear market, the Binance Launchpad is looking forward to selling another token soon: the platform intends to issue one coin per month in 2019, while the next one is Fetch.AI (FET), the start of its crowdsale scheduled for February 25, 2019.
At the time of this writing, the price of the BTT token was $ 0.0007 or 20 Satoshi, which is 50% of the daily increase. BTT trades on the following major exchanges: Binance, OKEx, KuCoin, Upbit and TRX.market.