It took less than 15 minutes for BTT to sell out on both the BNB session as well at the TRX session. This is like going back in time to late 2017 and early 2018 when ICOs would sell out in minutes. And back then, you probably didn’t get any of the tokens because of issues with the transactions. Remember trying to buy an ERC token during the first minutes of an ICO? Remember having your transactions fail because you only allocated the recommended gas while others were putting in 3 to 5 times the recommended amount? And what happened next? A lot of unhappy investors who weren’t able to get what they hoped for. They would all flood to Reddit to blow off their steam. It seems like we are at it again.
Thanks all for sharing your excitement around our crowdfunding. The $TRX session was over in 14 min and 41 sec. $BNB session was completed in 13 min 25 sec! #BinanceLaunchpad pic.twitter.com/dz2wGKyHL7
— BitTorrent Inc. (@BitTorrent) January 28, 2019
This Time Around
In this modern scenario, gas wasn’t the issue. It seems like the Binance Launchpad was just not able to handle the demand for the BTT token ICO. The crave for BTT was just too much! Or maybe the launchpad just wasn’t ready for what it was meant to do. Changpeng Zhao, better known as CZ, who is the CEO of Binance, went on to mention that Binance experienced some technical issues.
Both sessions concluded. Took about 18 minutes, due to a system issue, would have taken 18 seconds otherwise. Demand was astronomical.
— CZ Binance (@cz_binance) January 28, 2019
It seems like the boys and girls at Binance have some work to do. Regardless, there were still a lot of unhappy investors wanting to get a fair share of the BTT sale. Between both sales, it seems like less than 1,000 contributors were able to get BTT. Considering the number of people that were eager to get BTT, I do understand why some individuals are very upset. It’s 2016-2017 all over again. But on the bright side, Justin Sun did come out saying the following:
I would like to explore the possibility with @binance to giveaway free $BTT to everyone on launchpad fails to get #BTT today. #BitTorrent community wants you! Not 100% guarantee. Need to figure out detail. BUT RT if you agree! @cz_binance #TRON $BNB $TRX
— Justin Sun (@justinsuntron) January 28, 2019
Hopefully CZ and Justin can come up with a plan to make their investors happy. After all, BTT will drive TRX prices in the future and TRX brings Binance huge amounts of money as one of its top traded currencies. Not to mention that BitTorrent was most likely purchased with TRX ICO proceeds or TRX sales. As some of you know, I speculate the latter. We’ll see soon enough what happens. Hopefully everyone comes out happy.
A Bright Future for Tron
The first BTT ICO is now done with. What’s next? Well, of course, the BTT airdrop for all TRX holders. Personally, that is what I am more excited about. Getting 0.11 BTT per TRX brings a smile to my face. It’s an airdrop which doesn’t cost you anything and you don’t have to put time nor effort in attaining. But not only are they free, they are tokens of a quality project that can shape the entire crypto market by bringing mass adoption. Do you see the potential in that? I do. And I am sure that anyone that follows Tron on a day to day basis feels the same way. Can’t wait to see the BTT token in action later this year!
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