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Through the ceiling: BitTorrent Token (BTT) increases by 850 percent, a suspected Pump and Dump

the Since the publication of the first BitTorrent Token (BTT) via Airdrop and ICO can the BitTorrent Token recorded in a deep rush. The file sharing Token to r

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Through the ceiling: BitTorrent Token (BTT) increases by 850 percent, a suspected Pump and Dump
the Since the publication of the first BitTorrent Token (BTT) via Airdrop and ICO can the BitTorrent Token recorded in a deep rush. The file sharing Token to rose within a few days to almost 600 percent. However, there are some inconsistencies: The entire token number was distributed within a very short time to a few users.

By Phillip Horch
5. February 2019BTC$3.460,41 0.03%part Facebook Twitter LinkedIn xing mail

And it is still around, the rich price increases in the crypto-market. While Bitcoin totter haphazardly to the side and Ethereum and Ripple to place two below, makes an Underdog of talk: the BitTorrent Token.

How BTC-ECHO reported, provided the Token is already TRON (TRX) jumps respectable Rate. For Hodler, Justin Suns crypto-currency TRON (TRX) in regular intervals to your TRX-Token in addition, BTT Token paid. Since these are now tradable, is the rush to the Token comparatively strong. So the BTT Token was able to grow alone in the last 24 hours to almost 65 percent. This is currently 0,001142 US Dollar. The starting price was 0,00012 – currently the are up 850 percent.

ICO after a few minutes,

Who came from the USA (and relatively quickly) sold out, was lucky, and the ICO to participate. This took place on the 28. January exclusively on the Binance Launchpad instead. This Bittorrent sold tokens, a total of 59,8 billion BTT. As Justin Sun announced a short time after the Start of the Token Sales via Twitter, was the end of the release of the new Coins relatively quickly:

It's official: In the NBB's Session, we sold in the BNB Session all 23,76 billion BTT for a period of 13 minutes, and 25 seconds. In the TRON Session, we sold all of the 35,64 billion BTT within 14 minutes, and 41 seconds.

TRON, and Binance split the Token Sale. Some users complained, however, the possibility of a "Walbildung".

also Read: the Altcoin-market analysis KW5 – Tron defying the sell-off

Pump-and-Dump-danger

The lack of regulation in the Bitcoin area leads to illegal practices can be transferred from the traditional financial market, easily on the crypto-market. This Pump-and-Dump schemes. The procedure is simple: In selected areas, the groups meet approximately in the Telegram, agreed to a certain Token. Through targeted placement of sales and purchase rates of these groups then drive the prices artificially up. This rich profit standing lead margins then the outside to enter and to invest money in the respective Token. To a certain point in time the "Dump" is displayed: The operator of the group get rid of their tokens as quickly as possible, left some frustrated investors, which have "wasted your money".

the fact that The BTT Token now, such a sharp increase was recorded and the tokens are distributed to as few people, can doubt. The Twitter Community is angry. VinX summarizes the situation as follows:

it may be that 622+340 people were able to buy BTT in the value of 7.2 million if the Limit was 20k per customer. Something's not right here.

in Principle, the Token is attributable-distribution so there's nothing to it. However, the Problem: to put All the tokens in the hands of some of the Less named "Wal-education, in turn, allows".

Read also: study: Pump-and-Dump-schemes advance

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