BitTorrent to Sell Crypto Token on Binance Launchpad

Binance’s cryptocurrency token creation platform Binance LaunchPad will introduce a minimum of one token to its users every month in this year, as revealed by the world’s largest crypto exchange today. The first projects that will be launched in this initiative include the TRON-affiliated BitTorrent and Fetch.AI.

Binance offers two platforms for blockchain and crypto projects. Binance Labs provides funding to innovative blockchain startups while Binance LaunchPad offers a platform for raising funds through token sales. The latter supports projects which are already funded and need a renowned space to reach more crypto users. The LaunchPad lists Bitcoin wallet Bread and blockchain-based gifting platform Gifto as its successful token projects in the
past.

In July 2018, blockchain-based platform TRON founder Justin Sun acquired the peer-to-peer file sharing giant BitTorrent for $126 million. With over 100 million users in 138 countries from BitTorrent, TRON termed the merger Project Atlas.

Reference: https://www.ccn.com/bittorrent-to-sell-crypto-token-on-binance-launchpad/

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