BitTorrent ICO to Raise $7.2M in 18 Minutes

The tokensale was overshadowed by a "system issue", may investors weren't able to buy BTT
29 January 2019   779

On Monday, January 28, on the Binance Launchpad site, there was a BitTorrent crowdsale expected by many investors. The campaign, accompanied by increased agiotage and technical problems, was completed in less than 18 minutes, and according to its results, 59.4 billion BTT tokens were sold (about $ 7.2 million).

BTT Crowdsale started at 15:00 UTC and was held in two parallel sessions: in one of them participants could buy tokens for the TRON (TRX) cryptocurrency, and in the second for BNB tokens.

As specified on the company's website, 23.76 billion BTT tokens were sold in 13 minutes and 25 seconds in a BNB session, the TRON session lasted 14 minutes and 41 seconds, and 35.64 billion BTT were sold at its end. During the campaign, one BTT token was sold for 0.00001824 BNB or 0.00447261 TRX.

According to Binance, a total of less than a thousand investors were able to participate in the crowdsale - 622 participants in the TRON session and 340 in the BNB session.

But users were not so happy. Under message of Zhao, there's a waterfall of angry users' comments, reporting on various issues, faced during tokensale.

So, some users reported that they did not display the purchase button. Others reported seeing an error message in Chinese.

Some still managed to get to the purchase page, but there they were first met with a message stating that the application was in the queue, and then a notification that the campaign was completed.

In the meantime, the founder of the TRON project, Justin Sun, wrote that he would like to explore the possibility of BTT to airdrop tokens for those who, due to technical problems, could not take part in the crowdsale. 

The head of Binance later added that the Tron team agreed to conduct a small airdrop, additional information about what will be given later.

We also note that another disappointment for investors, who had previously actively bought TRX and BNB, but failed to take part in the crowdsale, was a sharp decline in the price of both assets immediately after the campaign ended.

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   109

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.
 

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.