The Tron Foundation recently announced plans to migrate the BitTorrent token (BTT) to BitTorrent Chain China—a layer-2 blockchain platform. Given BTT's popularity among Iranian crypto users, this migration has raised several questions. This guide clarifies the process, examines exchange announcements, and provides step-by-step conversion instructions.
Key Takeaways
- 1:1000 Conversion Ratio: Old BTT tokens will convert to new ones at this rate.
- Automatic Conversions: Major exchanges like Binance and KuCoin will handle migrations automatically.
- Manual Process Required for non-supported wallets via TronLink.
- Deadlines Vary by exchange but generally fall between December 2021 and January 2022.
Background: BitTorrent and the Migration
BitTorrent, a file-sharing protocol created in 2001 by Bram Cohen, launched its token (BTT) in 2019 under Tron’s blockchain. In 2021, the BitTorrent Chain China was introduced as a layer-2 solution to enhance scalability. Now, legacy TRC10-based BTT tokens (ID: 1002000) are migrating to TRC20-compliant tokens (contract: TAFjULxiVgT4qWk6UZwjqwZXTSaGaqnVp4).
Why Migrate?
- Improved Efficiency: TRC20 tokens offer better smart contract functionality.
- Standardization: Aligns with broader blockchain interoperability trends.
Exchange-Specific Migration Policies
Binance
- Timeline: December 2021 – January 2022.
- Action: Automatic conversion of old BTT to new BTTC.
- Markets: All spot/futures markets for old BTT closed sequentially.
👉 Read Binance’s full announcement
KuCoin
- Requirements: Minimum 400 BTTOLD held.
- Support: Old tokens labeled BTTOLD; no post-migration support.
👉 KuCoin’s migration details
CoinEx
- Deadline: December 8, 2021.
- Policy: No legacy token support post-conversion.
How to Convert BTTOLD to BTT Manually
Prerequisites
- TronLink Wallet: Install the Chrome extension or mobile app.
- TRX Balance: Needed to cover transaction fees (~1–2 TRX).
Method 1: Desktop Conversion
- Transfer BTTOLD to TronLink.
- Visit bt.io → Click Swap BTT.
- Connect wallet → Enter BTTOLD amount → Confirm.
Method 2: Mobile Conversion
- In TronLink, tap Discover → Search bt.io.
- Approve wallet access → Select Swap BTT.
- Enter amount → Confirm conversion (check ratio: 1:1000).
FAQs
Q1: Will my BTT investment value change post-migration?
A: No—the 1:1000 ratio adjusts quantity inversely with price (e.g., 1 old BTT @ $0.02 → 1000 new BTT @ $0.00002).
Q2: What if I miss the exchange deadline?
A: Use TronLink to manually convert; exchanges may delist BTTOLD.
Q3: Is the migration mandatory?
A: Yes—legacy tokens lose functionality post-deadline.
Final Notes
- Double-Check Addresses: Ensure you’re interacting with official contracts.
- Test Small Amounts: Before converting large holdings.
- Stay Updated: Follow Tron’s official channels for delays or changes.
By following this guide, users can smoothly transition to the new BTT ecosystem while avoiding common pitfalls. Always prioritize security—verify links and contract details independently.