Binance Launchpad “Mismanages” BitTorrent [BTT] Token Sale, Community Unhappy

Binance Launchpad “Mismanages” BitTorrent [BTT] Token Sale, Community Unhappy

With all the excitement build up around BitTorrent token sale, Binance Launchpad had an amazing to prove itself as the best token launching platform. But unfortunately, the platform flustered at a crucial moment leaving the community unhappy.

Not many people could subscribe to the ICO

As the token sale was one of the popular ones, a lot of excitement was built around it and a lot of investors wanting a piece of the total 54 billion tokens that were to be sold. While Binance Launchpad seemed to have all the exclusive rights to carry out the proceedings of the BitTorrent ICO, things didn’t seem to have gone the way Justin Sun or CZ would have had wanted to go.

Although the ICO went through, the Binance Launchpad platform faced an overload experience. The platform was bottlenecked even with underestimated demand and the same was reported by CZ using his Twitter account

CZ further went on to mention that it took 18 minutes to conclude the ICO due to some system issue which otherwise would have just taken 18 seconds, clearly admitting to

The issue that most users faced was caused by the “user agreement confirmation” button caching/locking. CZ also mentioned that most of the stress tests by the team before the ICO was focused on the buying process and this button issue was not covered thoroughly enough.

While this was a purely technical issue, it did not go well with the investors waiting eagerly for the BitTorrent ICO. These investors shared their displeasure with CZ

Some subscribers were stuck at the blank screen

According to another twitter users, it was only 339 investors that bought the whole ICO

Tron to have airdrops for those who missed out

With the community backlashing the mismanagement of the ICO, the Tron team decided to do a small Airdrop for people who tried to place orders but was not successful in buying. The total number and other details were not disclosed as of now

Looks like Justin Sun is filling up the gaps that were created by Binance’s technical issues by giving some airdrops, but Binance needs to fix its platform if it needs to keep its launchpad working and getting more token launches on it.

 

Will Binance fix its glitches on its launchpad platform? Do let us know your views on the same

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Binance Launchpad “Mismanages” BitTorrent [BTT] Token Sale, Community Unhappy
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Binance Launchpad “Mismanages” BitTorrent [BTT] Token Sale, Community Unhappy
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With all the excitement build up around BitTorrent token sale, Binance Launchpad had an amazing to prove itself as the best token launching platform. But unfortunately, the platform flustered at a crucial moment leaving the community unhappy.
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Nilesh Maurya 656 Articles

Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Reach out to him at Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Reach out to him at [email protected]

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