{"id":10032,"date":"2021-07-25T11:54:09","date_gmt":"2021-07-25T11:54:09","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/a-deeper-look-into-the-pirate-bays-mysterious-piratetoken-soft-launch\/"},"modified":"2021-07-25T11:54:09","modified_gmt":"2021-07-25T11:54:09","slug":"a-deeper-look-into-the-pirate-bays-mysterious-piratetoken-soft-launch","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/a-deeper-look-into-the-pirate-bays-mysterious-piratetoken-soft-launch\/","title":{"rendered":"A Deeper Look Into The Pirate Bay\u2019s Mysterious \u2018Piratetoken\u2019 Soft Launch"},"content":{"rendered":"

In mid-May, the popular and perhaps the largest torrent tracker on the internet, The Pirate Bay, mysteriously revealed a new cryptocurrency called piratetoken (TPB). The token has seen a 20% gain in 30 days and following the quiet launch, the torrent tracker\u2019s website explained that the new piratetoken is a soft launch for a myriad of ideas.<\/strong><\/p>\n

The Mischievous Torrent Tracking Website Launches a BSC Token via Pancakeswap<\/h2>\n

It seems The Pirate Bay<\/a> is utilizing the Binance Smart Chain (BSC) with a new token called piratetoken (TPB). The Pirate Bay is a web portal that hosts an online index of digital content in various formats. The site essentially allows users to post torrent files via the peer-to-peer file-sharing network Bittorrent.<\/p>\n

The web portal founded in 2003 by the Swedish think tank Piratbyr\u00e5n, has been controversial as users share copyrighted entertainment media and software. Despite the founders getting arrested and all the troubles over the years, The Pirate Bay is the longest-running torrent tracker on the internet.<\/p>\n

Much like Bittorrent, when The Pirate Bay\u2019s official site is down, a myriad of mirror sites are available. The torrenting website holds the 1,696th position among the most popular websites globally, according to Similar Web statistics<\/a>. In the U.S., The Pirate Bay ranks at 1,737, and every month the web portal sees 26.98 million unique visitors.<\/p>\n<\/p>\n

Last May, after being down for two days due to a DDoS attack, The Pirate Bay reappeared with a laser-eyed bunny logo on the top of the homepage. The bunny icon, if pressed, re-directs the visitor to the BSC decentralized exchange (dex) Pancakeswap. The dex platform Pancakeswap will warn the user (as it does with every token) to make sure they check the contract address to verify the token\u2019s authenticity. Data<\/a> from bscscan.com shows that piratetoken (TPB) has 100 million coins and over 500 unique addresses hold the token.<\/p>\n

As soon as the token concept was leaked to the public, the coin gained real-world value and trade volume under the radar. The coin\u2019s largest pair on Pancakeswap is BNB<\/a> and there are no popular coin market capitalization aggregators tracking this coin. Some websites do host a small fraction of market data on the BSC token like livecoinwatch.com<\/a> and a few others.<\/p>\n

<\/p>\n

\u2018Much Ideas, Much Wow, So Great\u2019<\/h2>\n

Currently, piratetoken (TPB) is trading for $2.82 per token which gives the project an overall market valuation of around $282 million. Even though the coin got some immediate attention, the token was considered questionable and no one was quite sure if this BSC coin was crafted by The Pirate Bay team. Even the popular torrent-focused news organization torrentfreak.com questioned the token and said<\/a>: \u201cWe have no confirmation that this is an official Pirate Bay project.\u201d<\/p>\n

Torrentfreak reporters even reached out to The Pirate Bay and got no official word. However, not too long after torrentfreak.com published the report, the post was updated with confirmation from the torrent tracker\u2019s official statement. The Pirate Bay\u2019s official statement<\/a> notes that the piratetoken (TPB) is meant to be a \u201csoft launch.\u201d The message does clarify a few ideas the torrent tracker\u2019s administrators have, but like most Pirate Bay messages, it is rather vague and purposely mysterious.<\/p>\n

\u201cWhat is this? Much wow? The ultimate rug pull? It\u2019s a soft launch to a new thing we want to try and we have many ideas,\u201d The Pirate Bay\u2019s official statement notes. The torrent tracker\u2019s ideas for the token are listed below:<\/p>\n

Donate to uploaders
\nDonate to moderators
\nDirect video streaming through partners
\nVIP content
\nMember logins based on BSC address
\nFile hosting through partners<\/p>\n

The Pirate Bay\u2019s mischievous announcement also adds: \u201cMuch Ideas. Much Wow. So Great.\u201d Besides that, the description is quite bite-sized and there\u2019s no hyped-up word salad white paper tied to the project. The Pirate Bay is also no stranger<\/a> to cryptocurrencies and started accepting<\/a> bitcoin (BTC<\/a>) eight years ago. Moreover, the web portal added monero (XMR)<\/a> and litecoin (LTC)<\/a> donations as well.<\/p>\n

What do you think about The Pirate Bay\u2019s new token called piratetoken? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nFeatured, Binance Smart Chain, Binance Smart Chain (BSC), BitTorrent, BSC, Cryptocurrency, File Sharing, p2p, Pancakeswap, piratetoken, piratetoken (TPB), soft launch, The Pirate Bay, The Pirate Bay Token, torrent files, torrent tracker, Torrentfreak, TPB<\/p>\n","protected":false},"excerpt":{"rendered":"

In mid-May, the popular and perhaps the largest torrent tracker on the internet, The Pirate Bay, mysteriously revealed a new cryptocurrency called piratetoken (TPB). The token has seen a 20% gain in 30 days and following the quiet launch, the torrent tracker\u2019s website explained that the new piratetoken is a soft launch for a myriad…<\/p>\n","protected":false},"author":0,"featured_media":10033,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-10032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10032"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=10032"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10032\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/10033"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=10032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=10032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=10032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}