New Incentive Model by BitTorrent Offers Tron Token Rewards

The BitTorrent platform is ready to initialize their new incentive prototypical by integrating Tron token as a means of providing an incentive to their users. The sharing file giant that provides peer-to-peer online sharing will now pay their users with cryptocurrency tokens, to mark the acquisition of Tron, the blockchain startup with their firm.

Project Atlas will advise to this partnership work between Tron and BitTorrent, according to the reports announced by Tron on Thursday. The new project is expected to increase the peer speed for BitTorrent and fasten the protocols for sharing. According to the press release reports the new incentive models is set to upgrade the user traffic and encourage existing and new users to use online file sharing for longer time periods.

For the user to receive their incentive, that is all they will need to get the Tron tokens, to stay on the platform for longer time periods. They will get the Tron’s TRX tokens according to the BitTorrent Seeders amount, which is collected through sharing and storing downloading files. Along with the Seeders and online time usage, the tokens can also be regarding the bandwidth and storage by the user to make the file sharing faster.

According to the website, the users who download the content can also pay seeders to increase the downloading time, with the tokens. It is one of the integral parts of the incentive model as stated by the developers. The tokens cannot only be received but also used as a payment for increasing the downloading content speed.

New Incentive Model by BitTorrent

Justin Sun, CEO and Founder of Tron, says that this project is in a way foundation for the new way of distributing content. He also says, “To start the product will feature faster downloads, more seeds, no mining, and backward compatibility. It adapts to the world we live in today: mobile, connected, and transparent. We aim to eventually empower all content creators and their communities by eliminating the middleman and enabling content creators to distribute directly to users.”

The news comes a month after CoinDesk reported in previous announcements whereby several BitTorrent employees were leaving their jobs which can be because of the new direction that the company is taking and getting involved with blockchain startup.

However, the platform of BitTorrent will remain free to use and download for all its customers, even after the launch and inclusion of Tron token incentive model. However, according to the press release the major sharing initiative may not provide the tokens directly on the machines as per the Tron protocols. But there will be listed resources which will launch for receiving token rewards.

Margi Brambhatt

Margi has done diploma in Mass Media & Journalism. She has previously worked as a freelance reporter for various famous Finance media platforms. When she is not writing or editing others reports, you can find her engulfed in reading books. She believes in reporting content which is 100% well researched. You can also mail her at [email protected] to discuss anything related to her reports.

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