Introducing the Torrent Token. We now have the opportunity as a community to build p2p software by combining torrent files, discord, steem, TOR, with scotbot nitrous and Steempeak, to end up with a Social media website/App that pays people in cryptocurrency, to upvote curate and post high quality legal torrents.
White Paper, token website, and strategy for dealing with copyrighted material will be released soon, however I feel this can be handled using curators and flagging as with any steem scot tribe.
The Token sale for Torrent Token has started at 0.001 SteemP per TORRENT with a total of 1 Million on sale or 1% of total supply. The entire 1 Million TORRENT on sale at 0.001 SteemP is 1,000 STEEM total, around $170 USD a small price to get 1 million out of 100 million Torrent Tokens when you consider the size of the global torrent market
That means for 1 STEEM you will get 1000 TORRENt. And as for now only 1% has been issued, and this allows you to buy up a percentage of the chain. I will continue to sell 1% of the chain roughly every week over the next year, or 50 weeks, by then 50% will have been sold, 10% kept for development bounties, and the other 40% will be then kept for SCOTBOT reward pool. This plan may change but token holders who do buy between now and then will be notified of major changes to the exact settings, however the fact is something interesting can be built with just posting torrent files to steem posts and getting curated for them. This sort of technology could end up overhauling copyright system and youtube with internal systems for youtube
So you get 1000 TORRENT for 1 STEEM and there are only 1 Million in circulation so you can buy 1% of current circulating supply for 1 steem or around Twenty cents as orf current steem prices. When up to 10 Million TORRENT are issued over the next few months youll stake will still be 0.1% of TORRENT MAX Supply of 100 Million. And when max supply is issued then your 1000 TORRENT will go from 1% to 0.1 to 0.01% stake which is still an exciting stake to have in any cryptocurrency.
Buy TORRENT tokens here
https://steem-engine.com/?p=market&t=TORRENT
BONUS Planned Features: TOR, PGP and onion links integrated in any way with steem. @charlieshrem proved 3 years ago how PGP private messaging with posting keys (memos too even) is possible, I am asking @steempeak @jarvie and @asgarth to think about a paid private messaging feature on steempeak, buy and stake X steempeak tokens get private chat :)
I have also asked about a Bitcoin Withdraw on the Scot Nitrous Wallet Page. Ive even asked SE Devs about adding on my wallet for Nitrous Scot site, a Bitcoin WIthdraw menu and a bot to auto convert any steem/steemp/steemengine tokens @steemfinex style into BTCp which can THEN be withdrawn very easily when you have this pegged BTCp asset in your steem-engine.com wallet. THIS allows us to have a feature of paying our users out in BITCOIN, letting tyhem cash out low fees into btcoin
( @torrent.tokens is Not Associated with TRX native BTT BitTorrent token which only pays people to SEED files while our TORRENT token has the ability to pay people for curating and posting quality torrents )
I have also begun inquiring about having Onion Link for my scotbot nitrous links.
Also, 10% of TORRENT Supply of 10 Million TORRENT will be allocated for token development bounty funds to hire a number of new steem developers and developers in training who have already made many bots and are building more useful tools I can use to do things like onboard via @steem.ninja INV and I believe we could allow someone to post a copy of posts to torrents, and to display webtorrent posts in condenser for steem, I feel the many things that torrent token can DISCUSS on its front end can be more than just sharing torrents, that can be one tag, but it can have its own discussion of course for building the site out. So if you feel you can contribute to the site, make some posts and I can reward you a bounty stake for creating ideas and solutions for combining p2p software with steem.
To come chat with us, come to the Incubator that serves the @torrent.token @steemspeak and the SteemSpeak.com discord here https://steemspeak.com