In the past 30 days, the valuation of the crypto market dropped from $138 billion to $114 billion by $24 billion. Yet, TRON (TRX) recovered from $0.0127 to $0.0264, by well over 107 percent.
Since December 17, in about five weeks, the Tron price demonstrated a strong gain against both Bitcoin and the U.S. dollar following a series of positive announcements.
Most recently, BitTorrent Token, the native cryptocurrency of the BitTorrent ecosystem, initiated a token sale on Binance Launchpad and all of the tokens sold out within minutes.
Could BitTorrent Pave the Path Towards the Success of TRON
On January 28, as CCN reported, Binance Launchpad and TRX completed the token sale of BitTorrent token within 15 minutes.
BitTorrent Token was sold to Binance Coin and TRX holders, with 23.76 billion BTT distributed to BNB holders and 35.64 billion BTT distributed to TRX holders.
Both sales were concluded within 15 minutes. But, the sale could have been completed within seconds had technical issues not emerged on Binance Launchpad.
Find a solid project (10 year product, 100m users), advise them to keep the initial sale price low (overwhelming demand), then list (price goes up). Some say “manipulation” (what?!?) Some say “thank you!”. Welcome to the world of freedom!
— CZ Binance (@cz_binance) January 31, 2019
Changpeng Zhao, the CEO of Binance, said that the demand for BTT was so high that it overloaded the system even with extended preparation.
Damn, no matter how much you prepare, still have bottleneck issues. Even the caching of caching was over loaded. Still under estimated demand. Sorry for the overloaded experience.