blocktrade.com

BTT Token

BTT Specifications

BTT is a payment token powering the Blocktrade.com ecosystem.
Type: ERC20 (custom Ethereum token)
Circulating supply: 57,602,252.84 BTT*
Total supply: 57,746,762 BTT
Decimals: 18

Contract address: 0x24171bcfb9d600ff8392387f5cc3171d07ebb266

Markets: Blocktrade.com, IDEX, Radar relay, LATOKEN (BTT/ETH, BTT/BTC)

*Circulating supply depends on the token burn rate and is defined as Total supply - Amount in the BTT Black Hole as laid out below. The circulating supply number on the website will be updated manually from time to time. Minor discrepancies are possible.

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BTT Functionality

BTT has one primary, but not the only, function: it is to be used for membership fees on Blocktrade.com Exchange. Exchange Members will be able to pay the membership fees with EUR or BTT. The pricing, and consequently the amount of BTT spent on the fees, is dynamic. Startups/projects that are issuing security tokens and would like to list them at Blocktrade.com can pay the listing fees with BTTs and ensure themselves a faster way to go through the process. A full membership comparison is available on the website.

BTT has been issued as a coupon providing access to otherwise inaccessible or more expensive perquisites and features for token holders within the Blocktrade.com platform. In line with their issuance as a one-time offer, the tokens will be made permanently inaccessible once spent for the services provided by the Blocktrade.com platform. Blocktrade.com will be sending spent BTT to an empty smart contract, where they will remain inaccessible forever. Batching and/or buffer period between the time when the tokens are spent and when they are sent to the empty smart contract may be impossed by Blocktrade.com (to account for refund timelines and/or high transaction cost etc.).

The empty smart contract ("BTT Black Hole"; do not send ETH or tokens to this address): 0x24171BCFb9D600Ff8392387F5cC3171d07ebb266

BTT Benefits

This unique fee structure differs significantly from regular pricing models. It beneficially influences market liquidity and makes Blocktrade.com very attractive for:

  • market-makers,
  • high-frequency traders and
  • institutions.

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The BTT Story

Blocktrade.com Token (BTT) is a continuation of the Hedge Project (HDG). A token freeze and subsequent token swap were conducted in H1 2018. Please note that any claims for BTT replacing HDG stuck on exchanges have to follow the procedure outlined here: https://hedge-crypto.com/announcements/

BTT’s predecessor, HDG, was deployed in Oct 2017.

Available on:

You can buy your BTT tokens at several decentralized exchanges and we are updating the list every day.

BTT is paired with ETH.