BitTorrent Burns 21.62 Trillion BTT in First Earnings-Funded Buyback
Photo: TokenPost
BitTorrent (BTT) burned 21.62 trillion tokens worth about $7.6 million on Oct. 16 after buying them with its third-quarter decentralized-business earnings. BitTorrent launched the quarterly buyback-and-burn plan on July 6. The quarterly plan directs all earnings from those businesses to BTT purchases and burns. It plans to publish transaction details and on-chain records on a dedicated website page around the middle of the first month after each quarter. On Oct. 17, BitTorrent also published a new white paper outlining a three-part infrastructure plan.
Source: TokenPost
