Bitcoin.com Exchange Plans to Raise $ 50 Million via Tokensale

Crypto trading platform Bitcoin.com intends to raise $50 million through an initial exchange offering of tokensBCE, reports The Block.

Bitcoin.com does not disclose the objectives of attracting financing.

Owners of BCE exchange promises priority accessto future IEO, increased referral bonuses and discounts on trading fees. In addition, the platform announces future airdrops among token holders.

The coin was created on Simple Ledger Protocol (SLP), a protocol for issuing security tokens on the Bitcoin Cash blockchain.

It is estimated that the total issue will be 2 billion coins, half of the issue will be sold.

The placement will take place in the form of private sale, and the token will not be available in several countries, including the USA, Japan, Iran and North Korea.

At the same time, the procedures for the repurchase and burning of coins at Bitcoin.com have not yet been determined.

Bitcoin.com began trading last year. According to CoinGecko, 27 coins in 75 pairs are trading on the site. The normalized daily trading volume is $ 10.6 million against the declared $ 630 million.

Let us recall that in August, its founder Roger Ver, known as «Bitcoin Jesus», left the post of CEO of Bitcoin.com.

Meet the new CEO in an exclusive ForkLog interview:

Bitcoin.com CEO Stefan Rust called Bitcoin gold, Bitcoin Cash — money, and Bitcoin SV — scam