Earn over 100% APY with BTT locked staking on Binance

Binance Staking has launched new high-yield BitTorrent (BTT/USD) locked staking activities, allowing users to stake BTT and earn as much as 100.99% APY. It’s very easy to stake BTT on Binance. BitTorrent explains the process in a Medium post.

Getting started

At Binance’s website, click “Earn” and select the “Staking” button. You will see an item marked “BTTC.” On the exchange’s site, BTT (TRC-20) has been renamed as BTTC. Elsewhere, it is still known as BTT.

Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

Choose BTTC and click on “Stake Now”. Select the amount you feel comfortable staking as well as the respective duration of staking activity. Then, go to “Confirm”.

Long staking period recommended

This is recommended because the length of the staking period is directly proportional to the APY you stand to earn. To complete the process, click “Staking History” to confirm whether BTTC has been staked successfully.

About BTT-New and BitTorrent Inc.

BTT is the token of BitTorrent, Inc., a consumer software company based in San Francisco. The company was established with a leading peer-to-peer sharing technology standard in 2004. Its protocol drives almost a quarter of upstream and 3% of downstream traffic worldwide, making it the biggest decentralized P2P network across the globe.

BitTorrent and µTorrent, its flagship products, make it possible to send large files online, connecting users to legitimate third-party content providers. Their products have been installed on over a billion devices in almost 140 countries worldwide. Active users exceed 100 million.

TRON acquired BitTorrent in 2018

TRON (TRX/USD) bought BitTorrent in July 2018. The BTT token was released less than a year later. It was recently renamed to BitTorrent-New. At the time of publication, the live BitTorrent-New price was $0.000002 with a 24-hour trading volume of $77.3 million. BitTorrent-New is up 3.19% in the last 24 hours. 

BitTorrent has added various new tools apart from BTT following its acquisition by TRON. BTT runs on TRC-10, a standard on TRON’s blockchain.  

Disrupting legacy entertainment

BitTorrent’s original goal was to disrupt the legacy entertainment industry, which they have achieved. They have transformed the ways, in which consumers obtain content.