Sunday the 27th of January has found the two digital assets of Tron (TRX) and Binance Coin (BNB) exhibiting impressive gains only hours before the BitTorrent (BTT) token sale goes live on the Binance Launchpad. In the case of TRX, the coin is currently ranked 6th on Coinmarketcap.com and has edged out two popular digital assets: Stellar (XLM) and Litecoin (LTC). TRX has also edged out Tether (USDT) and has its eyes set on Bitcoin Cash (BCH).
Checking BNB, the token has edged out IOTA (MIOTA) from the number 12 spot. Binance Coin has its sights on Cardano (ADA) in terms of market cap as the highly anticipated BTT token sale goes live in the next few hours. A screenshot of the market cap rankings has been provided to give a clearer picture of the situation.
About the BitTorrent (BTT) Token Sale
The BTT token sale will commence tomorrow, the 28th of January, and will run till the 3rd of February this year. There will be two sessions of the token sale whereby investors can use either TRX or BNB. Both events start tomorrow at 3 pm (UTC).
The break down of BTT tokens for the two token sale sessions is as follows:
- TRX Session – 35,640,000,000 BTT (60% of the public sale)
- BNB Session – 23,760,000,000 BTT (40% of the public sale)
Each individual is only allowed to invest a maximum the equivalent of $20,000 in either of the two digital assets. The minimum purchase amount is 100,000 BTT. One BTT token has the USD equivalent of $0.000177 and the corresponding value in TRX and BNB will determined before the token sale. The public sale can terminate before the said 3rd of February if the hard cap is reached. Tokens are set to be distributed within 15 days of the token sale. There is also the additional first BTT airdrop scheduled for the 11th of February.
In conclusion, it is with the above brief explanation of the BTT token sale that we can see why both TRX and BNB are exhibiting impressive gains as the rest of the digital assets are in the red. Perhaps the excitement around BTT, TRX and BNB will be the catalyst needed to cause a reversal of fortunes in the crypto markets.
What are your thoughts on TRX and BNB’s market performance ahead of the BitTorrent (BTT) token sale? It is a sign of great things to come for both digital assets? Please let us know in the comment section below.
[Image courtesy of Unsplash.com]
Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.