Bitcoin.com CEO Roger Ver Eyes ICO as Token Issuance Protocol Comes to Bitcoin Cash

Published on by Cointele | Published on

Bitcoin.com CEO Roger Ver has hinted his publication may launch an ICO as he unveiled a new tool allowing developers to issue tokens on the Bitcoin Cash blockchain in a Bitcoin.com video August 11.

Together with one of Bitcoin.com's lead developers Corbin Fraser, Ver hinted in the video at that the advent of the Wormhole Cash protocol, which allows for token creation on Bitcoin Cash, would afford new possibilities.

"They're probably coming to Bitcoin.com, too. We've been thinking about having our own ICO for maybe the games part of the platform; maybe we'll issue a token and pay dividends or use part of the money to buy back the tokens on the open market."

As multiple commentators report, the scheme could help alleviate some of the suspected cash flow difficulties at the giant, which divested itself of Bitcoin in favor of Bitcoin Cash tokens last year.

The move appeared to be disastrous for Bitmain, a pre-IPO filing suggesting the company had hemorrhaged funds as BCH collapsed in value through 2018.

"According to the Bitmain pre-IPO investor deck, they sold most of their [Bitcoin] for. At $900/BCH, they've bled half a billion in the last 3 months," Blockstream CSO Samson Mow deduced in Twitter comments August 11.

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