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   658

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.

Brave Browser Start Paying BAT For Ads Viewing

Brave browser ICO was launched in 2017 by the creator of the JavaScript programming language and ex-Mozilla CEO Brendan Eich; it raised $35M in 30 seconds
25 April 2019   84

Users of the new Brave browser desktop version will finally be able to participate in the Brave Ads program.

Brave is developed by the creator of the JavaScript programming language and ex-Mozilla CEO Brendan Eich and is positioned as something more than a “ad-blocking browser”. The implementation of this idea is based on Brave Ads.

Users who decide to take part in the program will be able to receive up to 70% of the profits generated by the advertisements shown to them, TechCrunch reports with reference to the company's statement. Awards will be paid in the form of own tokens of the Basic Attention Tokens project (BAT), which users, in turn, will be able to share with the creators of the content they like on the network.

By default, donations to BAT will be transferred to owners of sites that a user visits most often, however, developers plan to realize the possibility of exchanging tokens for awards, such as vouchers for restaurant visits or hotel accommodations. Also, earned advertising tokens can be exchanged for other cryptocurrencies and Fiat through exchanges. If desired, users can continue to use Brave without receiving a BAT.

A lot of users don’t want to cash out [when they receive BAT]. It’s not a huge amount of value for most people, so they may prefer to just use it to give back. And that’s the real idea: A browser with the user steering it is replacing the ad tech complex.

Brendan Eich

Founder, Brave

BAT can only be used to reward publishers. Soon with their help, users will be able to buy additional content and, possibly, some products. The ability to withdraw tokens will be realized after the introduction of the user identification system.