The CEO of Tron and BitTorrent, Justin Sun has assured BitTorrent token (BTT) investors that unprocessed orders will be compensated.
I would like to explore the possibility with @binance to giveaway free $BTT to everyone on launchpad fails to get #BTT today. #BitTorrent community wants you! Not 100% guarantee. Need to figure out detail. BUT RT if you agree! @cz_binance #TRON $BNB $TRX
— Justin Sun (@justinsuntron) January 28, 2019
The BTT token sale took place on Monday, January 28 and it lasted for just 15 minutes due to high demand. As a result, the circumstances have led to some orders not being processed.
Sun has now revealed that his company will compensate those affected by the situation. He stated that the Tron Foundation has partnered with BitTorrent and Binance to launch a small airdrop for those who orders were not completed.
The CEO of Binance Changpeng Zhao meanwhile revealed that all order requests on the Binance Launchpad for the purchase of the tokens were preserved. This means that the Binance team has the record of all those who attempted to purchase the token but failed to do so due to system overload.
Order of requests was preserved. It should have finished in a few seconds (far less than 18s actually), the server glitch just delayed the results. So, no need to redo. We should have set the upper limit lower so that more can get some. Mislead by all the "bear" cries… https://t.co/RSnQnZNLdx
— CZ Binance (@cz_binance) January 28, 2019
Justin Sun stated yesterday that they are now exploring the possibility of giving out the token to orders that were not processed during the token sale. He updated his followers regarding the issue.
— Justin Sun (@justinsuntron) January 30, 2019
The BTT token sale was a success, with Tron raising over 7 million USD in the process. Earlier, we reported that the BTT tokens were sold in two simultaneous sessions and the process lasted for 15 minutes. The first session was for buyers using Binance Coin (BNB), Binance’s native coin. The second session is for buyers using Tron (TRX). The BTT tokens were priced at 0.00012 USD each.
NYSE Arca Seeks to List a BTC and Treasury Bill-backed Fund
Report: White-hat Crypto Hackers Made $32,150 In Rewards in Just 7 Weeks
Entrepreneurs ripping huge returns from blockchain open financial tools
News3 days ago
Facebook Ventures into Switzerland to Create a FinTech Firm Centered on Payments
News6 days ago
Louis Vuitton and Christian Dior Owner Launches a Blockchain-powered Verification Platform
Blockchain7 days ago
Blockchain and IoT Integration: Everything you should know
News7 days ago
Crypto Adopters Now Have a Presidential Aspirant Backing Them