BitTorrent (BTT) smart contract replacement, token increment. And issue BTT new tokens according to the conversion ratio of 1 BTT (old token) = 1,000 BTT (new token).

BitTorrent Chain (BTTC) is a heterogeneous cross-chain interoperability protocol. It adopts the PoS (Proof-of-Stake) mechanism and uses side chains to realize the expansion of smart contracts. It is now interoperable with the public chains of Ethereum, Tron and BSC, and will support more chains in the future.

BTT tokens will be used in the BitTorrent Chain ecosystem. The main use cases are as follows:
Become a validator of the BTTC network;
Pledge BTTC to get rewards;
Participate in the governance of the BTTC community;
Pay gas fees as the native token of BTTC.

Related link: https://bttc.zendesk.com/hc/en-us/articles/4409343014937