Question 1

What is BTT, and what role does it play in BTTC?

Accepted Answer

BTT (BitTorrent Token) is the utility and governance token of BitTorrent Chain (BTTC). On the BTTC network, it is used to pay Gas for transactions and smart-contract operations, and it is also used for staking, validator rewards, and validator governance. In some BitTorrent ecosystem services, BTT also incentivizes the provision of bandwidth or storage resources. BTTC's design can be divided into root contracts, the Delivery Chain, and the BTTC Chain: root contracts handle records such as staking, delegation, and governance; the Delivery Chain reaches consensus on and relays state through validators; and the EVM-compatible BTTC Chain executes smart contracts and on-chain transactions. Therefore, BTT's use for Gas, staking participation, and service payments are distinct components and should not all be treated as the same kind of fee or yield.

Question 2

Why is BTT needed as Gas on BTTC?

Accepted Answer

When sending a transaction or calling or deploying a smart contract on BTTC Chain, users must pay Gas in BTT. Gas measures the resources needed for the network to execute computation, process a transaction, and write state. Without enough BTT to pay Gas, the relevant on-chain operation cannot be completed. The Gas cost depends on the execution resources actually consumed by the operation and the fee parameters used when the transaction is submitted. A simple transfer and a complex contract call do not consume the same resources. This is the cost of on-chain execution on BTTC; it is a different mechanism from staking rewards, BitTorrent Speed download bidding, or payment for BTFS storage services.

Question 3

How does BTT staking participate in the network, and how do validators differ from delegators?

Accepted Answer

BTT staking enables validators and delegators to participate in BTTC's PoS security mechanism. Validators must stake at least 1 trillion BTT in the staking contract on TRON and run validator software. Their work includes validating transactions, creating network blocks, and signing checkpoints on the Delivery Chain. Holders who do not operate a validator node can instead become delegators by staking at least 1 BTT to a network validator. Delegators receive BTT rewards according to the amount they stake. Validator rewards, meanwhile, include Delivery Chain checkpoint-signing rewards and BTTC block-production rewards, which the whitepaper states account for 10% and 90% of staking rewards respectively. Thus, 1 BTT is the minimum qualification to become a delegator, while 1 trillion BTT plus running node software is the threshold for becoming a validator; these two ways of participating should not be confused.

Question 4

What form of governance participation can holding or staking BTT provide?

Accepted Answer

BTTC governance voting is conducted by validators and covers network-parameter adjustments, protocol upgrades, and certain operational decisions. Every validator has the same voting power; staking more BTT does not increase it. This is a one-node, one-vote governance design. Delegators contribute to network security and receive corresponding rewards by selecting and staking to a validator, but do not thereby automatically become nodes with independent validator voting rights. To obtain a validator governance seat, a holder must meet validator requirements, including staking at least 1 trillion BTT and running validator software. Parameter or protocol changes approved through governance are implemented through protocol upgrades.

Question 5

How do BTT burns of unclaimed rewards and transaction fees affect supply?

Accepted Answer

BTT supply is not affected only by the unit change made during redenomination. The official whitepaper states that the network periodically burns unclaimed rewards and a portion of transaction fees to regulate token supply; burned tokens no longer remain in that supply as usable tokens. These two sources correspond to different stages: unclaimed rewards are rewards that participants would otherwise have claimed, while the transaction-fee portion comes from fees generated by network use. The burn amount depends on actual unclaimed rewards and transaction fees included in the burn, rather than a single fixed quantity set in advance. The whitepaper also makes clear that the burn mechanism has no direct correspondence with changes in BTT demand, so the existence of a burn alone cannot establish that demand, price, or holder returns will necessarily change.

Question 6

What is the difference between BTT and BTTOLD, and what did the 2021 redenomination change?

Accepted Answer

BTT was redenominated in December 2021, when the BTTC network launched: the former BTT was renamed BTTOLD, while the new token retained the BTT name, at an exchange ratio of 1 BTTOLD to 1,000 BTT. In other words, one token in the old unit corresponded to 1,000 tokens in the new unit. The change adjusted the supply measurement from 990 billion tokens to 990 trillion tokens and adjusted the unit price representation by the same ratio. It changed the token unit and quantity representation; the exchange ratio itself does not increase total market capitalization or the total value of a holding. When checking historical assets, depositing, or exchanging, first confirm whether the identifier is BTTOLD or redenominated BTT, and confirm the asset and route supported by the service being used.

Question 7

How does BTT work in BitTorrent Speed?

Accepted Answer

In BitTorrent Speed, downloaders can bid BTT to uploaders in pursuit of faster downloads. Uploaders can earn BTT when they continue seeding after a download is complete and provide bandwidth and storage resources to other clients. This mechanism connects download-side willingness to pay for speed with incentives for uploaders to continue providing resources. Users must enable the built-in wallet and hold a BTT balance in the client before BitTorrent Speed can automatically bid to other users during downloads. Whether an uploader continues seeding determines whether it continues to provide resources eligible for incentives. This arrangement is intended to improve file availability and resource supply, but does not guarantee that every download will become faster, and it differs from network rewards obtained by staking on BTTC.

Question 8

How do BTT and WBTT differ in their use for BTFS storage services?

Accepted Answer

In BTFS (BitTorrent File System) storage scenarios, host nodes that provide storage services can receive BTT compensation. The official whitepaper also describes fees paid in WBTT when renter nodes upload files. Thus, providing storage and purchasing storage correspond to different token payment and receipt roles in this process. Therefore, when seeing that “BTFS uses BTT,” first distinguish whether you are a host node providing resources or a renter node uploading files, and whether the operation uses BTT or WBTT. Settlement for this storage service differs from paying BTT for Gas on BTTC and from bidding between downloaders and uploaders in BitTorrent Speed.

Question 9

After the BTTC Bridge stopped service, what does its historical cross-chain mechanism still mean?

Accepted Answer

The official BTTC Bridge has stopped service. Historical architecture or old operation entry points therefore cannot establish that new cross-chain transactions can still be initiated through that official Bridge. When encountering websites, links, or third-party channels that still call themselves “official BTTC Bridge,” they should not be treated as an available official route merely because of a similar name. In the historical design, a source-chain root contract recorded asset locks or cross-chain requests, and the Delivery Chain listened for and validated events. Only after more than two-thirds of validators signed a checkpoint was the state relayed to the destination chain, where the destination-chain contract verified and executed the corresponding operation. This process explains how the original architecture made cross-chain state verifiable, but the Bridge's service shutdown means this historical mechanism cannot be used as evidence of current operability.

Question 10

Why was the BTTC mainnet launch an important event for understanding BTT?

Accepted Answer

BTTC's mainnet launched in December 2021, an important event for understanding the change in BTT's uses: BTT was redenominated at this stage and became BTTC's native token for Gas, staking, rewards, and governance. As a result, BTT was no longer associated only with resource incentives in the BitTorrent client, but also entered BTTC's on-chain operating mechanisms. At mainnet launch, the network's objectives included connecting TRON, Ethereum, and BSC, and providing staking and then-available cross-chain functionality. The historical launch state should be kept separate from the current service state: redenomination and native-token uses remain part of the historical context for understanding BTT, but the Bridge functionality available at launch does not mean the official Bridge remains open today.

BitTorrent (BTT) Price