Crowdsale BitTorrent brought in $ 7.2 million, ending in less than 18 minutes amid technical issues


On Monday, January 28, at the ICO Binance Launchpad website, there was a crowded BitTorrent expected by many investors. The campaign, accompanied by an increase in technical problems and mishandling, was completed in less than 18 minutes and according to its results, 59.4 billion BTT tokens were sold (about $ 7.2 million).

The BTT Crowdsale started at 15:00 UTC and was held in two parallel sessions: in one, participants could purchase TRON (TRX) cryptocurrency chips, and in the second, for BNB chips.

"Both sessions are complete. It all took about 18 minutes due to system problems. Without them, this time would be 18 seconds. The demand was astronomical " – Binance CEO, Changpeng Zhao, tweeted.

As specified on the company's website, 23.76 billion BTT tokens were sold in 13 minutes and 25 seconds in a BNB session, the TRON session lasted 14 minutes and 41 seconds, and 35.64 billion BTT were sold at the end. During the campaign, a BTT token was sold for 0,00001824 BNB or 0,00447,261 TRX.

According to Binance, a total of less than 1,000 investors were able to participate in the crowdsale – 622 participants in the TRON session and 340 in the BNB session.

Under the message, Zhao turned out to be a large number of comments, in which angry users write that they could not join the crowdsale because of obvious technical problems – the site simply could not handle the flow of visitors.

So some users reported that they did not see the buy button …

… others wrote about seeing an error message in Chinese.

Some even managed to get to the purchase page but there were first received with a message stating that the application was in the queue and then a notification that the campaign was completed.

As Changpeng Zhao explained, the lucky ones who bought the tokens used the most affordable price of $ 20,000, and also clarified that the order of orders was respected and that in the future it would be necessary to set lower limits, however, the need to return to investors. campaign, as he was asked, he does not see.

Meanwhile, TRON project founder Justin Sun wrote that he would like to explore the possibility of BTT using eiderrop chips for those who, due to technical problems, could not join the crowdsale. And judging by the fact that Changpeng has retouched this record, such a probability exists.

The head of Binance added that the Tron team agreed to make a small collision, with additional information about what will be given later.

We also noted that another disappointment for investors, who had previously bought TRX and BNB but failed to participate in the crowdsale, was a sharp decline in the price of the two assets immediately after the end of the campaign.

As ForkLog wrote earlier, the BTT token was created as a continuation of the Atlas project based on the TRC-10 standard, but is also fully compatible with the ERC-20. The total emission will be 990 billion BTT. The token itself will be used to reward users by distributing files on BitTorrent and ╬╝Torrent torrent trackers.

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