Tron (TRX) has received a glowing endorsement for one of the most influential voices in cryptocurrency, Binance founder Changpeng Zhao.
The grandfather of Dapp finally finds its decentralized currency and business model. Should be a very interesting case study.
— CZ Binance (@cz_binance) January 5, 2019
Zhao lauded TRX’s business model and the creation of the BTT token (BitTorrent Token) for seeding files and storage on BitTorrent. BTT will be a TRC-20 token available on Binance Launchpad and distributed through airdrops.
Justin Sun worked hard to close the deal to acquire BitTorrent in 2018 and now it is starting to materialize into real possibilities.
“By introducing a mechanism for value storage and exchange we aim to greatly broaden the universe of possible participants – either service requesters, service providers or both,” the sprawling whitepaper reads.
Justin Sun said this in the press release:
“In one giant leap, we can introduce blockchain to hundreds of millions of users around the world and empower a new generation of content creators with the tools to distribute their content directly to others on the web.”
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BTT users can pay another user with a file and can then pay for more bandwith. The prospect of payment keeps more files available on networks and making downloads faster.
In addition, another reason why the community speculates TRX to be pumping while other cryptocurrencies are just staying afloat is due to the addition of Tron as a trading pair with XRP on Bitrue exchange.