What happened with BTT on Binance?
The BitTorrent (BTT) token on Binance underwent a redenomination and migration: the old BTT (called BTTOLD) was converted into the new BTTC, and a large part of the original supply was burned (removed from circulation). Nowadays, Binance lists and operates with the new BTT/BTTC.
🔍 Context of what happened with BTT on Binance
Redenomination: The BitTorrent project migrated its contract and changed the denomination of the token. The old BTT (BTTOLD) was converted into the new BTTC, with a ratio of 1:1000.
Massive burn: During the transition, approximately 52.9% of the original supply of BTTOLD (990 billion tokens) was burned. Recent reports indicate that between 58% and 60.4% of the supply has already been burned.
What “burn” means: The tokens were sent to an inaccessible address, permanently removing them from circulation.
Current price: The new BTT is trading on Binance and other exchanges. For example, on Binance the BTT/USD pair is moving around 0.00000042 USD, while CoinGecko reports a value close to 0.064 USD (according to the denomination of the new contract).
⚠️ Key points for users
If you had BTTOLD, Binance and other exchanges performed the automatic conversion to BTTC.
The price may seem confusing because the scale of the token changed (due to the ratio 1:1000).
The massive burn reduced the circulating supply, but does not necessarily imply an immediate increase in value: it depends on market demand.
Today, when you see BTT on Binance, you are really trading with the new BTTC.
The BitTorrent (BTT) token on Binance underwent a redenomination and migration: the old BTT (called BTTOLD) was converted into the new BTTC, and a large part of the original supply was burned (removed from circulation). Nowadays, Binance lists and operates with the new BTT/BTTC.
🔍 Context of what happened with BTT on Binance
Redenomination: The BitTorrent project migrated its contract and changed the denomination of the token. The old BTT (BTTOLD) was converted into the new BTTC, with a ratio of 1:1000.
Massive burn: During the transition, approximately 52.9% of the original supply of BTTOLD (990 billion tokens) was burned. Recent reports indicate that between 58% and 60.4% of the supply has already been burned.
What “burn” means: The tokens were sent to an inaccessible address, permanently removing them from circulation.
Current price: The new BTT is trading on Binance and other exchanges. For example, on Binance the BTT/USD pair is moving around 0.00000042 USD, while CoinGecko reports a value close to 0.064 USD (according to the denomination of the new contract).
⚠️ Key points for users
If you had BTTOLD, Binance and other exchanges performed the automatic conversion to BTTC.
The price may seem confusing because the scale of the token changed (due to the ratio 1:1000).
The massive burn reduced the circulating supply, but does not necessarily imply an immediate increase in value: it depends on market demand.
Today, when you see BTT on Binance, you are really trading with the new BTTC.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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