Place/Date: Ashford, England - July 31st, 2017 at 12:21 pm UTC · 2 min read
Contact: Vindee, Source: BitConnect
BitConnect Coin, the fastest growing cryptocurrency of all times has been trading under the symbol BCC since day one. Among the top 15 cryptocurrencies in terms of market capitalization, BitConnect Coin points out the branding issue with Bitcoin Cash and the confusion the new altcoin will create if certain exchanges decide to list it as BCC.
The upcoming hard fork of the Bitcoin network is the topic of discussion among many in the cryptocurrency community. With the fork scheduled to happen on August 1, 2017, many exchange platforms have indicated their support for the Bitcoin Cash fork, which, according to Bitcoin Cash news, they say will be listed as BCC. These exchange platforms have overlooked the strong presence of BitConnect Coin in the cryptocurrency market as they focus on the developing situation at the Bitcoin front.
BitConnect is concerned about the potential confusion caused by listing of Bitcoin Cash as BCC on exchanges, including the ones that are already supporting BitConnect Coin. The cryptocurrency urges exchanges and trading platforms to list Bitcoin Cash under an alternative symbol to ensure that traders don’t get confused between BitConnect Coin and Bitcoin Cash. Else, they could end up purchasing or selling one, instead of another.
If the issue with “BCC” symbol is not resolved soon, the confusion is bound to create lots of problems in the coming weeks.
Since the past nine months, BitConnect Coin has registered a phenomenal growth, out-performing the growth of the world’s top altcoin, Ethereum. In the previous three months, the cryptocurrency has registered over 700% growth, which has been stable compared to that of other altcoins. BitConnect Coin continues to exhibit a constant growth, thanks to the dedicated team and a loyal, rapidly growing community.
While hoping for the symbol issue to be resolved soon, BitConnect urges the community members to be aware of the possibility of two altcoins sharing the same ticker, at least on few exchanges starting August 1. These coins have a vast difference in values and users should make sure that they are trading the right coin to prevent any losses.
Community members can also use BitConnect Exchange platform to buy/sell BitConnect Coin (BCC) directly to/from each other.
About BitConnect Coin
BitConnect Coin is an open source, peer-to-peer, community driven decentralized cryptocurrency that allows people to store and invest their wealth in a non-government controlled currency and even earn a substantial interest on the investment.
Disclaimer BitConnect is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest