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Crypto Exchange OKCoin Pledges to Allot 1,000 BTC for Development of Bitcoin Initiative

Cryptocurrency exchange platform OKCoin recently launched an initiative that will see the company dedicate up to 1,000 Bitcoin (BTC) to the developers of Bitcoin (BTC), Bitcoin Satoshi’s Vision (BSV), and Bitcoin Cash (BCH) that received the most votes from crypto users. 

Recent Press Statement

According to a press statement released by the San Francisco-based firm, OKCoin has vowed to allot said BTC amount as part of their “Let’s Build Bitcoin Together!” initiative. 

OKCoin requests cryptocurrency followers to go to the company’s platform and vote for the crypto project that they would like to support. The exchange will allegedly send 0.02 BTC (of its equivalent in BCH or BSV) on behalf of the voter to their chosen project.

Tim Byun on the Topic

Tim Byun, OKCoin’s CEO, said that as one of the pioneering exchange platforms, the company is invested heavily in the development of the crypto ecosystem. To that end, it has decided to take the lead and give back to the hardworking designers and developers who keep the community moving forward. 

Byun added that the “Let’s Build Bitcoin Together!” project is OKCoin’s way of showing their dedication to the BTC community. They believe that developers are, and will always be, the lynchpin to enhancing the accessibility of crypto assets, which is the core of the company’s mission. 

Byun noted that that the initiative is the first time an exchange led an investment of this magnitude. He also emphasized their need for people’s votes. 

The Bitcoin voting initiative is just the latest of OKCoin’s projects. The fiat-crypto exchange has also partnered with fintech company Simplex to let users around the world to make USD deposits using credit or debit cards.

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