BitTorrent Token (BTT)

Asalam Alaikum,

This question is to discuss the file storage crypto BitTorrent (BTT). BitTorrent provides a p2p mechanism for storing and sharing digital content in a decentralized filing system. It is very commonly used to share pirated files. Although the platform does not endorse piracy, it is unavoidable with Torrent programs such as BitTorrent and others. The question arises, would it be permissible to invest in BTT tokens? BTT tokens give incentives for “seeders” to share files by rewarding them with tokens. The files could be pirated or non pirated in nature - the platform does not know. The digital content shared could be of any type, Islamically permissible or impermissible. The investment is in the tokens themselves, not the content that is shared.