A new BCH financing initiative is in the process of being launched, which plans to help market the four-month-old cryptocurrency. Initial plans for the nonprofit, Bitcoin Cash Fund Initiative, will utilize contribution proceeds towards BCH sites, and both physical and virtual learning materials.
The organizers of the marketing initiative comprise Paul Wasensteiner, Fitz Michael, and Haipo Yang, the founder of Viabtc. The organization clarifies that its first measures will be completing a bitcoin cash video and booklet job alongside constructing the Bitcoin Cash Fund Initiative website to solidify the nonprofits' online presence.
Wasensteiner produced a crowdfunding strategy through Thunderclap, and the team has fulfilled 162 percent of its supported goal.
Who Oversees The Bitcoin Cash Fund Initative
Paul Wasensteiner and fellow collaborators have also demonstrated how the Bitcoin Cash Fund Initiative would work by describing the vision on the blogging site, Yours Network. The fund's founder says that after he started the Thunderclap page, contributions were far bigger than expected and he understood there was a demand for the finance to employ an oversight system. The initiative will function via a board of 3 members that hold keys to a 2-of-3 multi-signature wallet.
Reaction From The BCH Community
So far, the bitcoin cash community seems excited about this fund and the initiative has received an overwhelming response as far as contributions. For the time being, the staff is found at the Bitcoin Cash Slack Channel for more information about the initiative, and for pitching ideas to the board members. What's more, the team is searching for volunteers and people who would love to donate time towards spreading bitcoin cash awareness.