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Author Topic: The popularity of the Bittorrent token caused Binance problems  (Read 284 times)
starblocks
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February 14, 2019, 12:54:43 AM
 #21

This was not only due to massive hype, but the fact the offering has a real use case behind it and a large potential user base, hence the instant sell out and it also demonstrates that there still is a very healthy demand for decent quality fundraisers such as this in the cryptocurrency space which is reassuring considering the recent downturn in this area due to an avalanche of poor quality offerings in the last year or so

jackflag
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February 14, 2019, 09:00:58 PM
 #22

This was not only due to massive hype, but the fact the offering has a real use case behind it and a large potential user base, hence the instant sell out and it also demonstrates that there still is a very healthy demand for decent quality fundraisers such as this in the cryptocurrency space which is reassuring considering the recent downturn in this area due to an avalanche of poor quality offerings in the last year or so
I think that every active player in the cryptocurrency market bought this coin. The popularity of this coin was very high. Even now, many continue to invest in the Bittorrent token.
rudolfaxl
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September 16, 2021, 01:53:59 PM
 #23

Despite people slagging off the Bittorrent token, demand was such to cause system problems on Binance.

Looks like people are still interested in more, and quicker download times for, porn files.

https://cryptomenow.com/binance-ceo-demand-for-bittorrent-token-was-so-high-it-caused-a-system-issue/
I think these problems were artificial ones to emphasize the popularity of bittorrent ICO. It's very obvious that binance is involved in market making for BTT and it's much easier to manipulate the price if you have majority of tokens by yourself. Are there many people who were in time to participate in ICO? My friends and I weren't able to get in during the ICO. Maybe you were?
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