Projects listed: 276 |
BTC Dominance: 49.10% | Volume (24h): $32,685,163,097 | Market Cap: $2,451,037,361,883
BitTorrent
BTT
$0.00
Sector
Distributed Computing
Exchange Debut
2022-01-21
Market Cap
849,167,610
Maxim Supply
990,000,000,000,000
Circulating Supply
968,246,428,571,000
Circ. Supply(%)
97.80%
BitTorrent
BTT
Price
$0.00
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
5058534
8.92945E-7
8.65156E-7
Change 24h
Change 7d
Change 30d
1.274
0.8105
-26.4116
Maxim supply
Circulating supply
Circulating supply(%)
990,000,000,000,000
968,246,428,571,000
97.80%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the BitTorrent cryptocurrency:
BitTorrent Cryptocurrency Fundamental Analysis
The BitTorrent (BTT) project, the largest decentralized P2P communications protocol globally, has been scrutinized in this fundamental analysis. It scores a total of 6.78 out of 10, making it an interesting candidate for further examination.
SOCIAL & MASS MEDIA: Score 7.2 out of 10
BitTorrent has a strong presence on social media, evidenced by its high follower count and active administrators. However, the fundamental analysis of the cryptocurrency BitTorrent indicates that community interaction is lacking, scoring only 2 out of 10. Despite this, BitTorrent does well with media presence and maintains large communities on chat platforms, which lends it credibility and potential for growth.
AUDIT & SECURITY: Score 4.75 out of 10
The fundamental analysis of the cryptocurrency BitTorrent shows that its audit and security could use improvements. Audit results only scored a 4 out of 10, implying a potential risk for investors. However, it achieves a reasonable score in information transparency and liquidity on exchanges, adding some confidence to its security standpoint.
TOKENOMICS: Score 2.5 out of 10
BitTorrent’s token economy is perhaps its weakest point, scoring just 2.5 out of 10. The project appears to be inflationary, which could diminish the value of BTT over time. Also, the concentration of its monetary mass indicates a level of centralization that could pose risk to the network and its participants.
ECOSYSTEM DEVELOPMENT: Score 7.44 out of 10
BitTorrent demonstrates a strong commitment to development, with a score of 7.44 out of 10. Its track record of achieving objectives and future development plans speak positively for the project’s potential growth.
TEAM & DEVELOPERS: Score 8.56 out of 10
The BitTorrent team is one of its strongest assets. With an experienced team and a full slate of software developers, BitTorrent scores an impressive 8.56 out of 10. This score is a testament to the fundamental analysis of the cryptocurrency BitTorrent.
PRODUCT & UTILITY: Score 8.2 out of 10
BitTorrent’s product and its utility are highly rated, indicating that it provides real value to its users. The utility of tokens within the ecosystem could use some improvement, but overall, the product scores well in this fundamental analysis.
PARTNERS & INVESTORS: Score 8.65 out of 10
BitTorrent’s relationships with partners and investors also stand out, earning a high score of 8.65 out of 10. These relationships are vital for the long-term sustainability and growth of the project.
Fundamental analysis of the BitTorrent cryptocurrency – The final conclusion
Summarizing, BitTorrent presents both promising opportunities and potential risks as a cryptocurrency investment. Its strong social media presence, dedicated development team, and robust partnerships offer potential for growth. However, its weak tokenomics and less than stellar audit results cannot be ignored.
BitTorrent’s score of 6.78 out of 10 in this fundamental analysis of the cryptocurrency suggests it has a solid foundation but requires improvements in key areas. The project’s strengths lie in its active community, talented team, and future plans for development, but its inflationary tendencies and potential centralization pose significant risks.
Ultimately, potential investors should weigh these risks against the promising opportunities BitTorrent presents. They should also keep an eye on future developments, particularly improvements in tokenomics and audit results, as these could significantly impact BitTorrent’s investment potential.
What is BitTorrent ?
Understanding the Decentralized Potential of BitTorrent Infinity Cryptocurrency
BitTorrent, a renowned platform for peer-to-peer (P2P) file sharing and torrents, has evolved into a notably decentralized entity. Its journey, which began in July 2001, took a significant turn when it was acquired by the blockchain giant, TRON, in July 2018.
Following this acquisition, BitTorrent witnessed an influx of innovative tools and services. A crucial part of this transformation was the introduction of its native cryptocurrency token, BTT, launched in February 2019. The token was launched using TRON’s TRC-10 standard, furthering BitTorrent’s status as the “world’s largest decentralized P2P communications protocol.”
The innovative spirit of Bram Cohen, a respected figure in the crypto space, led to the birth of BitTorrent. Cohen envisaged BitTorrent as a disruptive force for the traditional entertainment industry, and maintained its legitimacy amidst several legal skirmishes.
TRON’s takeover marked a new era for BitTorrent under the leadership of Justin Sun. Sun, known for his avid promotion of TRON and its blockchain technology, was instrumental in integrating BTT within BitTorrent, advancing TRON’s decentralized agenda.
BitTorrent’s unique selling proposition lies in its goal to revolutionize how consumers acquire content by replacing inefficient distribution networks. It’s been a leading P2P platform since the early 2000s, and TRON’s involvement has only expanded its appeal to crypto enthusiasts and its user base.
With BitTorrent Speed and the implementation of BTT tokens, the platform has made strides in the decentralized space. It has also ventured into offering premium services, such as VPN capabilities and ad-free browsing, bringing the fundamental analysis of BitTorrent Infinity Cryptocurrency into sharper focus.
This evolution signifies the transformative power of decentralization and the potential of BitTorrent in shaping the future of content sharing and blockchain technology.
- Latest analysis update: July 1, 2023
BitTorrent - BTT performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
