Binance has decided to announce an upcoming token sale for BitTorrent (BTT), which will be hosted by their Binance Launchpad platform. In an announcement on their official website,

BitTorrent (BTT) Token Sale Events on #Binance Launchpadhttps://t.co/TY85yaDxX4

If you want to learn more about $BTT, head over to @BinanceResearch and read their latest research report. pic.twitter.com/RXEtvw8wJ6

— Binance (@binance) January 17, 2019

the platform said,

“Binance Launchpad will commence the BitTorrent (BTT) token sale at 2019/01/28 3:00 PM (UTC). There will be two simultaneous token sale sessions, accepting BNB and TRX, respectively.”

The sale will specifically involve the purchase of BTT, for which there is a 990 billion supply. For Binance Launchpad, there will be just over 59 billion allocated for the sale. Presently, the conversion will be 1 BTT to $0.00012 USD. However, the prices of BNB and TRX for the tokens will not be set until the launch.

The token sale is scheduled to start by January 28th at 3:00 pm UTC and will run until February 3rd at 3:00 pm UTC. There will be no holds on the purchases, and everything is meant to be sold on a first come, first serve basis. Still, no more than $20,000 USD can be spent by an individual.

Presently, there are certain countries that will not have the option of participating in Binance Launchpad’s token sales, including:

Consumers that want to learn more details about the BTT project can read the full report at https://info.binance.com/en/research/BTT-2019-1-17.html. Consumers can also visit the official website for BitTorrent at https://www.bittorrent.com/btt.

As always, Binance warns, “All investments are subject to high market risk. Please make your investments very cautiously. Binance will chose high quality projects but will not be responsible for any investment losses.”

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