- BitTorrent concluded by saying that BTT is advancing in the cryptocurrency world and JUST supporting its stakes is yet another application
- On 10th of August, Sun announced over Twitter that BitTorrent has finally entered the DeFi space
- BitTorrent’s weekly report revealed that a total of 879751 real-time accounts existed
On 15th of August, BitTorrent Inc announced over Twitter that soon BTT staking on the JUST platform will be available. Not only will the JUST platform support BTT staking but also generate the USDJ token and people can win JST rewards. BitTorrent concluded by saying that BTT is advancing in the cryptocurrency world and JUST supporting its stakes is yet another application.
BitTorrent Enters The World Of DeFi
As we know BitTorrent is one of largest and most popular peer to peer communication protocols in the world. Owned by Justin Sun and acquired by TRON, this p2p platform enables users to share and exchange files over the internet in a decentralised manner.
On 10th of August, Sun announced over Twitter that BitTorrent has finally entered the DeFi space. The P2P platform had entered into a strategic collaboration with the JUST DeFi platform in order to build DeFi projects on TRON. He further announced that BitTorrent’s BTT will be one of the collateral tokens available on the JUST platform and for JST’s yield farming. This also meant that the JUST platform will get the 2 billion users from BitTorrent.
Another Milestone: BitTorrent Surpasses 2 Billion Installations
Soon after Sun’s announcement, BitTorrent’s official handle tweeted that from now on BTT becomes a JUST designated staking asset. Which means BTT can be used as a collateral on the CDP portal to mine USDJ, the stablecoin of the JUST platform.
Coincidentally, on the same day another milestone was achieved by BitTorrent. The platform had been downloaded for over 2 billion times. In order to commemorate and celebrate this milestone, BitTorrent is now offering a rebate of 15% on all Windows pro products.
Sun in an appreciation tweet expressed that their next milestone is to have all the 7 billion users in the world to enjoy the decentralised finance on the BTT platform.
BTT’s Price And Market Capital Up
BitTorrent’s weekly report revealed that a total of 879751 real-time accounts existed. A total of 10482881 BTT transactions took place and 413235 new transactions were added in the previous week. Also, BTT’s price is up by almost 9.74% and is currently trading at $0.000513. The market capital stands at $505.8 million which is almost 181% more than the market last week ($279 million). Clearly, BTT’s staking announcement and all the major milestones that happened over the week has influenced the price of the token to some extent.