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Date:
27th Oct 2020
Author:
CryptoAltum Research Team

Tron Acquires DLive, an eSport Platform, and Forms BitTorrent X

Justin Sun of Tron has announced the acquisition of DLive and the formation of the BitTorrent X ecosystem of which the BTT token will be integral. DLive is an eSport platform. The formation of the new BitTorrent X ecosystem marks the beginning of a new era for the platform acquired in 2018.


Details: 

BitTorrent is a world’s renowned peer-to-peer platform that has been turned into a decentralized storage and content distribution platform with BTT, a TRC compliant token, at the center. The acquisition of DLive and the formation of BitTorrent X powered by BTT is bullish since associated fees are payable in TRX, the platform from which the ecosystem will operate from.


Impact on the TRX Price: 

Bullish. As per Justin Sun’s tweet, BitTorrent will be a next-gen decentralized storage ecosystem comprising DLive, BitTorrent File System, and DLive’s streaming platform. Overly, the activity of these platforms will help push demand for the native currency, TRX.


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