Greetings to you Stimians !
Who follows the news, he probably heard about the new sensational ICO Bittorrent. I will analyze this project, briefly and clearly.
BitTorrent is a networked P2P protocol for sharing files on the Internet. Using any of the existing clients, the user opens the metadata file with the extension torrent, which contains detailed information about the distribution. Then begins downloading the file from all active seeds that distribute it.
This network protocol is one of the most popular in the world and has 100 million unique users every month. But the main problem in this market is the lack of economic incentive for users who immediately close the distribution of seed after downloading.
The problem was solved in the "Satoshi style" by introducing a monetary reward.
The idea is to finance money for distributing BTT token ceds and paying for faster file downloads.
➖ Team 9/10
➖Industry 8/10
➖ Idea 7/10
➖ Tokenomics 6.5 / 10
➖Marketing 10/10
➖Distribution of funds: 6/10
➖Roadmap project 7/10
➖ Partners / Consultants 9/10
➖ Community 9/10
➖ Growth potential 7/10
The amount is 78.5 / 100
An average project, but a high marketing hyip and the availability of a finished product with a huge number of users all over the world make it seemed profitable for an investment, but let's talk about the minuses of the project.
➰Many questions arise precisely to the idea of monetizing a free resource and the pride of all pirates, as they say, "You had to fight evil, and not join it!". Most of the active users are Brazil, India, the Philippines, Pakistan, Egypt, Russia, Ukraine and other CIS countries. As you can see, not the most affluent countries and an attempt to teach them to pay for content can be a failure.
“The second is the distribution of funds attracted to ICO. Only 6% of the total issue will be sold for public sale and 11% was sold during the private sale last November, which was previously not mentioned in the media.
The TRON Foundation receives 20% and the Bittorrent team 19% of tokens. It also strains the moment that the price of a private sale ($ 0.000177) is more than the public sale ($ 0.00012) is what it is?
➰The third item is tokenomics. Users will pay BTT for faster file downloads, but given the fact that about 40% will be sent via airdrop, the only way to spend coins is to pay for the seed and premium subscription without advertising.
Bottom line: Justin San's handwriting is recognized, another dubious project with no particular prospects, but wildly cracked. Thanks to the listing on Binance will join the list of pamp coins and will sometimes make Khodlers happy with shots of 50% on San's statements. The short-term potential is high. Long term - low.