TREE NEWS update: BitTorrent burned 21,621,611,570,729.6 BTT, worth about $7,600,907, on Oct. 16, completing the first buyback-and-burn round funded entirely by third-quarter decentralized business revenue. The next day it published a new whitepaper setting out a three-part architecture: the BitTorrent main network, the BTTInferGrid decentralized compute layer and the BTTC cross-chain settlement network, all unified by the BTT token.
BitTorrent Burns 21.6T BTT Worth $7.6M in First Buyback, Unveils New Whitepaper
The buyback is notable less for its size than for its funding source: linking token burns to actual decentralized business revenue gives BTT a cash-flow narrative most utility tokens lack, though whether that revenue is durable remains the open question. The whitepaper's pivot toward a compute layer and cross-chain settlement, all anchored to BTT, signals an ambition to reposition the token as infrastructure rather than a file-sharing byproduct. What matters next is whether the architecture moves from paper to deployed usage, and whether future burn rounds stay tied to revenue.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.