BTTC is the abbreviation for the cryptocurrency BitTorrent. BitTorrent can be termed as decentralized file sharing platform or protocol. Yes, you heard that right. It is not just a file sharing protocol, it doubles also as a storage facility for digital products. This cryptocurrency has a total supply of 990 Trillion and a circulating supply of 968.25 Trillion. The catch here is BTTC has a lot of potential in the upside and long term future. Why do I say this. Data is the new oil, and whoever controls and stores it will definitely be a force to reckon with. In 4 points below I share with you why I think this project has long term benefits to the entire cryptocurrency and tokenization ecosystem.
1. Significant Supply of BTTC: #
As said earlier BTTC has a total supply of 990T and a circulating supply of 968.25T. Considering it's market capitalization this cryptocurrency project still remains hugely undervalued, and just spending a little dime in buying it can lead to substantial gains in profit in the long term.
2. BTTC Continous burn:
BTTC as a cryptocurrency has undergone a series of monthly burn since it's inception. This won't stop now, especially when the Bitcoin halving just ended 2 days ago. The Continous burning reduces the number of tokens in circulation hence increase the value while decreasing the supply.
3. Long term Wealth:
Long term Hodlers gets incentivized as a result of their decision to hold and not sell in the early stages.
4. Staking:
Platforms like binance offer staking opportunities for your idle tokens of BTTC to be staked a fixed and flexible service package for a period of time. This process allows you to be incentized by an interest percentage calculated on the amount or number of tokens staked.