Serving the global crypto investors with the world-class revolutionary exchange services, the San Francisco based trading exchange, Poloniex, has announced the addition of BitTorrent currency on its network. A month back, the leading cryptocurrency trading exchange shared the news about BitTorrent’s arrival on the platform and now living up to its promise, Poloniex has opened the doors for trading with BTT. The news about BTT launch was circulated by Poloniex as well as BitTorrent Inc. through their official Twitter handles.
— BitTorrent Inc. (@BitTorrent) February 7, 2020
As per the official announcement, the users will now be able to indulge in the deposition and trading of three new trading pairs, namely BTT/TRX, BTT/USDT, and BTT/BTC. To encourage more and more participation from the investors, Poloniex has kickstarted a BitTorrent Trading Tournament for its customers. The event will start from February 6, 2020, at 22:00 UTC and will continue until February 16, 2020, at 21:59 UTC. The ranking system, as well as the BTT trading volume, will be solely based on the cumulation of all purchases and sales of BTT trading pairs during the tournament period.
The exchange platform has urged its customers to pull up their socks and show their best trading skills while dealing in BitTorrent, to earn lucrative profits. The participants will get a golden chance to win big from a total prize amount worth 100 million BTT. Apart from this, the traders who will manage to grab the first place at 00:00 UTC on each of the competition periods shall be showered upon with rewards from the bonus prize pool.
Poloniex has affirmed that the eligible investors will be able to trace their ranks on the BitTorrent Trading Tournament leaderboard. The rewards in association with the ranks have been displayed in the table below, have a look:
|Tournament Ranks||Tournament Rewards|
|1st Rank||30,000,000 BTT|
|2nd to 21st Rank||Winners share a cumulative amount of 45,000,000 BTT|
|All Investors||Winners share a cumulative amount of 15,000,000 BTT|
|Daily Drop Investor||Winners share a cumulative amount of 10,000,000 BTT|
At present, the BitTorrent token is rolling at a value of $0.00039264, with the 24-hour trading volume touching the mark of $65,652,591. The coin has seen an upward trend of 1.0% in the last 24 hours span. BTT has a circulating supply of 210 Billion coins and a maximum supply value of 990 Billion coins.