On the second anniversary of BCH, Bitcoin Jesus Roger Ver announced the launch of a new cryptocurrency exchange, Exchange.Bitcoin.com, which he owns. It is understood that the new exchange will open trading pairs in more than 50 currencies, including BCH base trading pairs and tokens issued based on SLP system.
Exchanges enter countdown
In October, Bloomberg reported that “Bitcoin.com plans to launch its own exchange,” Roger Ver said in an interview in Malta. He added that Bitcoin cash would be the exchange’s base currency. This shows that the exchange has been in development for a long time, and Roger Ver, a BCH supporter, has chosen to make the announcement on the second anniversary as an anniversary gift to BCH.
According to Bitcoin.com, the exchange is already counting down to its launch in about a month, with more than 50 trading pairs to be launched. Crucially, all currencies on the exchange can be traded using BCH, which acts as the base currency.
In conjunction with the exchange’s launch, Bitcoin.com is also offering a bonus that pre-registered users will be added to a lottery pool worth more than $10,000. Each week between now and Sept. 2, when the exchange officially launches, Bitcoin.com will add a prize to its prize pool. Five users will be drawn from the pre-registered users, with one user receiving $5000 BCH and the other four receiving $1000 BCH. (Pre-registration link: Exchange.bitcoin.com/) What does it mean for BCH?
Top level domain name traffic increase, improve BCH liquidity and user volume
Bitcoin.com is a must-have for anyone learning about Bitcoin for the first time, such as by searching for Bitcoin in Google’s Browser. Bitcoin.com is heavily weighted, with nearly 10 million monthly visitors, according to Bitcoin Jesus. Buoys by heavy traffic, it is reasonable to expect the exchange to be in a top-to-head state. As the basic trading pair, BCH will naturally increase trading volume due to the influx of users, and BCH users will also increase.
With the gradual maturity of SLP ecology, the adoption of BCH smart contract has exploded
Roger Ver during a presentation on the exchange, pay attention to emphasize the exchange of the content of the conference line SLP tokens, he said: “we are in an exciting moment, SLP is a we can about anything marked the beginning of the world, when people are aware of its potential, they will demand a place to trade their scrip. That is why we will support SLP tokens on Exchange.Bitcoin.com.”
SLP token system based on BCH after nearly a year of development, all the infrastructure has been improved, including wallet, browser, exchange, development accessories, etc. However, the most important reason why this system cannot be widely rolled out is that there are too few exchanges supported and consensus is insufficient. The launch of Bitcoin.com exchange will completely improve this problem, and users and project owners who need to issue coins will pay more attention to BCH smart contract.
Improve the BCH ecosystem
After two years of development, BCH has not only secured its position as the mainstream currency, but also increasingly matured its ecosystem based on payment transactions. The emergence of new basic transaction pair can strengthen the recognition of BCH in the crypto field. At present, USDT, BTC and ETH are the main trading pairs in the market, while BCH base trading pairs are not many. The emergence of Exchange.Bitcoin.com has improved the ECOSYSTEM of BCH.
Launch the benefits of BCH trading
Enrich user choices and optimize the user experience of the exchange
All transactions on the exchanges are centralized. Instead of being packaged within the blockchain, transactions are automatically matched by third-party trading software and only happen when investors withdraw and recharge their coins. When mention money and COINS, because of the different currencies, investors need to wait for the time is different also, the commonly used currencies including the BTC and USDT ordinary investors, both are in the currency transactions on the Internet, so the deal may vary depending on the traffic, if not willing to pay higher fees, wait for a few hours is often the case.
BCH will not be in this situation. Under normal circumstances, the account will be received in 10 minutes. However, some exchanges will set additional confirmation number of on-chain transactions, so sometimes the trading advantages of BCH cannot be reflected. Once Exchange.Bitcoin.com goes live, the benefits will be apparent.
Attract a large number of enthusiasts
BCH is known to have one of the highest quality supporters of any major currency, with fans all over the world. BCH offline parties have been held in more than 50 cities around the world, according to bitcoincashers.org. As a well-known supporter of Bitcoin Jesus, the exchange established by Jesus is friendly to BCH, and the supporters and holders of BCH naturally choose to trade on this exchange, as well as other exchanges willing to offer BCH trading pairs. As Vitalik Buterin said, the BCH community is a very friendly community, and fans support all activities that help promote and popularize BCH.