San Francisco-based, fiat-focused crypto exchange, OKCoin, recently announced the launch of a voting-driven initiative to donate up to 1,000 BTC to developers of Bitcoin, Bitcoin Cash, and Bitcoin Satoshi's Vision.
Voting starts todayAccording to a press release shared with Cointelegraph on Sept. 3, OKCoin, one of the top exchanges by adjusted volume, has pledged to dedicate up to 1,000 BTC to the development of Bitcoin, Bitcoin Cash and Bitcoin SV.The initiative, called 'Let's Build Bitcoin Together,' asks crypto enthusiasts to go to the OKCoin platform and cast their vote for the project they would like to receive a donation.
OKCoin will reportedly send 0.02 BTC on the voter's behalf to the selected project.
The motivesThe CEO of OKCoin, Tim Byun, stated that as one of the first exchanges, OKCoin is especially invested in the development of the ecosystem, and therefore decided to step up and give back to the developers who keep moving the community forward.
"The 'Let's Build Bitcoin Together!' initiative, which we believe is the first exchange-led community investment of this scale, is our way of showing our commitment and dedication to the Bitcoin community. Developers are, and will continue to be, key to improving the accessibility of digital assets, which is the heart of the OKCoin mission. That being said, we hope to give the full 1,000 BTC away, but we need people to get out there and vote!".
OKCoin and global depositsOn June 17, Cointelegraph reported that the fiat-crypto trading platform OKCoin had partnered with fintech firm Simplex to enable global users to make USD deposits via debit or credit card.
At the time, Simplex CEO Nimrod Lehavi expressed his belief that credit card functionality is crucial to expediting mainstream cryptocurrency adoption.
OKCoin Pledges up to 1,000 BTC to Developers of BTC, BCH and BSV
Published on Sep 4, 2019
by Cointele | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.