BTT to Fiat Converter

### What Is BIT.TEAM?

BIT.TEAM is a cryptocurrency exchange launched in 2016, offering P2P functionality. Its goal is to make digital assets accessible to a broader audience while providing transparent trade pricing. The name "BIT.TEAM" reflects the idea of collaboration—each individual is like a "bit," the smallest unit of information, and together, they contribute to building something greater.

BTT is the native token of the BIT.TEAM ecosystem, built on Decimalchain. The Decimal network includes:
- Decimalchain – the main blockchain
- DEL – the native coin
- del.network – a launchpad for new projects
- Decimal Wallet – a secure storage solution
- BIT.TEAM exchange – a cooperative trading platform
- Custom tokens – supporting blockchain-based assets

DEL and BTT play essential roles in powering various Decimal ecosystem projects.

### Who Are the Founders of BTT?

Anatoliy Berdnikov is the founder and CEO of BIT.TEAM. Before launching the exchange, he extensively researched blockchain technology and applied his expertise to its development.

Dmitriy Stepanov, co-founder and CTO of BIT.TEAM, is also the creator and co-founder of the platform coinmarketrate.com.

### What Makes BTT Unique?

BTT serves multiple purposes within the BIT.TEAM ecosystem, including:
- Loyalty rewards – Users can earn and spend BTT for benefits such as discounted transaction fees, premium features, and customization options.
- Cross-chain compatibility – Built on Decimalchain, BTT can interact with other blockchains, including Ethereum.
- Deflationary mechanism – Periodic token burns help maintain scarcity and value.

BIT.TEAM has expanded beyond a simple exchange, offering diverse trading pairs and services while maintaining its mission of facilitating seamless cryptocurrency transactions.

### What Is BTT Burn?

Token burning is a deflationary process where coins are permanently removed from circulation. BIT.TEAM implements quarterly burns to reduce supply and enhance token value.

Since 2022, the exchange has burned 39,000,000 BTT, with plans to continue burning 20% of token profits each quarter. This process decreases the total supply while keeping the DEL reserve unchanged, increasing BTT’s relative value.

### How Many BTT Are in Circulation?

The initial maximum supply of BTT was 460,999,953.871, with 168,137,036 in circulation as of September 2021.

The burning mechanism reduces the total issuance over time. Before the first burn, the maximum supply was 500,000,000 BTT, which was lowered after the initial burn of 39,000,000 BTT.

### How Is the Decimal Network Secured?

Decimalchain leverages Tendermint, which includes:
- Tendermint Core – A consensus mechanism ensuring transaction uniformity across the network.
- Cosmos SDK – A framework for building custom blockchains.
- Application BlockChain Interface (ABCI) – Allows transaction processing in any programming language, offering flexibility for developers.

Tokenomics and core logic are embedded directly into the Decimal blockchain, ensuring security and efficiency.

### Where Can You Buy BTT?

The primary way to acquire BTT is through the BIT.TEAM exchange, which offers the widest selection of trading pairs and competitive rates.

Alternatively, users can exchange DEL for BTT via the Decimal Wallet.

For real-time BTT price tracking in fiat currencies, visit p2p.bit.team.

New to cryptocurrency? Learn more about entering the market and purchasing tokens through educational resources.