“Our strong foundation of decentralized technology will allow us to fulfill our vision of a boundary-free internet while being at the forefront of new content experience,” Sun explained in the statement. He added that the platform will soon to be powered by the BitTorrent Token (BTT) when fully launched. Relaying the announcement yesterday, Sun described BitTorrent Live as “a new social media platform at the forefront of new content experience, accelerating the decentralization of the internet.

Earlier this year, the company launched its native token, the BitTorrent token and conducted one of the fastest token sales which raised about $7 million on Binance Launchpad. Not long after, BitTorrent was voted to become one of the 27 super representatives on the Tron Network. When TRON acquired BitTorrent in 2018, TRON’s CEO Justin Sun said he had big plans to use the peer-to-peer network to advance cryptocurrency adoption across the world. Expanding the Blockchain and Cryptocurrency Ecosystem It will also feature blockchain-enabled data privacy and data ownership controls as well as cryptocurrency payment options. Broadcasters who post content on the platform can receive instant feedback from viewers. Per the announcement, users of BitTorrent Live can search for content on the app, view them, like them and then interact with other users. How Will Bittorrent Decentralized Social Media App work

It is ranked 48 by CoinMarketCap with a market cap of $133.2 million. BitTorrent Token (BTT) Price Today / USDīitTorrent Token is trading between $0.0007- $0.0008 to the USD. It has a total market cap of about $1.56 billion and protects its place in the top 10 coins.

Bittorrent live app