Justin Sun, the CEO and founder of Tron (TRX), might have been accused of over marketing his products, but he did play a good part in taking the crypto industry to millions of new investors. Perhaps the one move that exposed crypto to the world was Sun’s acquisition of BitTorrent Inc., the operator of popular torrent client uTorrent, has been confirmed by TRON founder Justin Sun.
Now, Tron’s BitTorrent and uTorrent client has hit the milestone of 2 billion downloads across various platforms, with the network accounting for 3% of all downstream, and 28% of all upstream, traffic throughout the internet last year.
The company believes the milestone was hit as a result of the “longstanding popularity of its classic desktop torrent clients, as well as its new web-based torrent downloader and player built for the streaming age”
The announcement added that the android client is also the “most popular” torrent downloader on Google Play.
Meanwhile, Sun commented on the new milestone while hinting at BitTorrent releasing new products:
“Almost two decades ago, the dream of decentralized file transfer was brought into existence by BitTorrent, thus changing the world and positively impacting the lives of people everywhere. Today, we celebrate our history and everyone involved in making the BitTorrent protocol and our products a success.”
TRON officially acquired BitTorrent in July 2018 for $140 million, which was and still is the world’s largest decentralized Internet protocol that transmitted 40% of the daily internet traffic at that time. At the time of the acquisition, BitTorrent had a userbase of 170 million users.
BitTorrent soon launched its own token BTT in 2019, which was designed to incentivize users while also giving them the option to pay peers with BTT tokens for faster download speeds.
The torrent client also added the support for six crypto assets that can be used as a payment method for purchasing membership for the platform. The supported cryptocurrencies include BTC, OKB, TRX, BUSD, BNB, and the native token BTT.
BTT has also been performing quite well, with the token up 222% since its inception last year. Staring off 2020 with $0.0003, the price of the token doubled to its high at $0.0006 by the end of February.
The token crashed with the onset of the COVID-19 pandemic, as it dropped 70% to a low of $0.00017 and has been on an uptrend since then.
At press time, BTT is priced $0.00044, up 10.6% from last month.