BitTorrent Chain (BTTC), the world's first heterogeneous cross-chain interoperability protocol, has officially launched its mainnet. Utilizing PoS (Proof-of-Stake) consensus and sidechain technology for smart contract scalability, BTTC now enables interoperability with Ethereum, Tron, and BSC blockchains, with plans to support additional networks in the future. This marks the dawn of a fully interconnected blockchain era.
👉 Explore BTTC's official portal for real-time updates
Key Announcements: Mainnet Launch & Token Conversion
1. BTTC Mainnet Activation
- Launch Date: December 12, 2021 (SGT)
- BTT Redenomination: A 1:1000 exchange ratio will apply, increasing total supply from 990 billion to 990 trillion tokens while maintaining market capitalization
- Deadline: Partners (exchanges/wallets/developers) must complete conversions by January 12, 2022
2. Post-Conversion Token Dynamics
- New Token: Upgraded TRC20 standard BTT (Contract:
TAFjULxiVgT4qWk6UZwjqwZXTSaGaqnVp4) - Legacy Token: Renamed BTTOLD (TRC10, ID:
1002000) - Coexistence Period: Both tokens will remain operational temporarily
Utility of New BTT Tokens
- Become a BTTC validator
- Stake BTTC for rewards
- Participate in chain governance
- Pay gas fees on BTTC
- Power BTFS storage payments and mining
- Enhance BitTorrent Speed downloads
Why Redenominate BTT?
With 900M+ active users and 2B+ client installations, BitTorrent's ecosystem requires scalability:
- Current 990B supply limits practical usage (only ~500 tokens/user)
- Decimal-heavy transactions complicate user experience (e.g., 0.00231 BTT rewards)
- BTTC's expanded use cases demand higher token granularity
Step-by-Step Token Swap Guide
Method 1: Exchange-Assisted Conversion
- Check your exchange's support status for BTT redenomination
- Supported platforms will automatically convert holdings
- Post-conversion, trade/deposit/withdraw new BTT freely
Note: Exchanges yet to support swaps may require manual withdrawal to decentralized wallets for conversion.
Method 2: Manual Conversion via BTTC App
Requirements: TronLink wallet with BTTOLD balance
- Navigate to BTTC App → "Get BTT"
- Enter desired BTTOLD amount → Confirm swap
- Sign transaction via TronLink
- Await on-chain confirmation
- Add new BTT token using contract address
👉 Troubleshooting token swaps? Get expert guidance here
Critical Reminders
- Verification: Double-check token symbols (BTT vs BTTOLD) during transfers
- Safety: Only use BTTC App or approved exchanges for conversions
- Support: Contact
[email protected]for swap-related issues
FAQs: BTT Redenomination Explained
Q: Will my BTT value change after conversion?
A: No. The 1:1000 ratio maintains identical market capitalization.
Q: Can I revert BTT to BTTOLD later?
A: No. The swap is irreversible once completed.
Q: How long will exchanges support BTTOLD?
A: Indefinitely, but early conversion ensures access to BTTC ecosystem benefits.
Q: What happens if I send BTTOLD to a BTT address?
A: Immediately contact the receiving platform's support team for recovery assistance.
Q: Are transaction fees applicable during swaps?
A: Minor network fees may apply depending on the conversion method.
Q: When will BTTC support additional blockchains?
A: Expansion timelines will be announced via BTTC's official channels.
BitTorrent's strategic token overhaul positions BTTC as a multi-chain powerhouse, solving scalability constraints while preserving user asset values. Stakeholders should prioritize conversions to unlock the protocol's full potential.
Disclaimer: Always verify token contract addresses and consult official sources before executing transactions.
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