WazirX, India's largest cryptocurrency exchange, has officially announced its support for BitTorrent's (BTT) redenomination, token migration, and renaming initiative. This strategic move aligns with global exchanges like Binance in facilitating a seamless transition for BTT holders.
Key Dates and Actions by WazirX
- January 17: Delisting of BTT/USDT and BTT/INR trading pairs at 8:30 AM IST. All pending orders will be canceled.
- January 21: Launch of BTTC/USDT and BTTC/INR trading pairs at 4:00 PM IST.
📢 Token Swap Details:
WazirX will distribute BTTC to eligible users at a 1:1,000 ratio (1 old BTT = 1,000 BTTC). Old BTT tokens will be renamed BTTOLD post-migration.
Current Measures:
- Suspended BTT deposits/withdrawals.
- Advised users to cancel open orders before delisting.
About WazirX
Founded in 2018 by Nischal Shetty, WazirX boasts 7.3 million users and is a leader in India's crypto market. Acquired by Binance in 2019, the platform offers:
- High liquidity for top cryptocurrencies (BTC, ETH, XRP, etc.).
- WRX token: A native utility token on Binance Chain and Ethereum.
- TRX integration: Added in 2021, now among top-traded assets.
👉 Explore WazirX's trading features
BitTorrent (BTT) and the Redenomination Plan
BitTorrent, acquired by TRON Foundation in 2018, is the world's largest decentralized P2P protocol. The BTTC upgrade introduces:
- Validator participation: Stake BTTC to secure the network.
- Governance: Vote on protocol changes.
- Gas fees: BTTC as the native token for transactions.
🌐 Ecosystem Use Cases:
BTTC will power the BitTorrent Chain (BTTC), enabling faster cross-chain interoperability.
FAQ Section
1. How do I claim my BTTC tokens on WazirX?
Eligible users automatically receive BTTC at a 1:1,000 ratio post-migration. No manual action is required.
2. What happens to my old BTT tokens?
They’ll be relabeled as BTTOLD and remain in your wallet but won’t be tradable.
3. Which other exchanges support BTT migration?
Major platforms like Binance, Bibox, and Bitbns are participating.
👉 Learn more about BTTC’s utility
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