BitTorrent to Sell Crypto Token on Binance Launchpad
Binance offers two platforms for blockchain and crypto projects. Binance Labs provides funding to innovative blockchain startups while Binance LaunchPad offers a platform for raising funds through token sales. The latter supports projects which are already funded and need a renowned space to reach more crypto users. The LaunchPad lists Bitcoin wallet Bread and blockchain-based gifting platform Gifto as its successful token projects in the past.
In July 2018, blockchain-based platform TRON founder Justin Sun acquired the peer-to-peer file sharing giant BitTorrent for $126 million. With over 100 million users in 138 countries from BitTorrent, TRON termed the merger Project Atlas.