Over the past few months, the valuation of Bitcoin Cash has risen to grab the attention of most crypto enthusiast. And although the rivalry between Bitcoin Cash and Bitcoin was ongoing for a while, the valuation still has a huge difference. With Bitcoin’s popularity, some old-fashioned cryptocurrency investors indicate a loss of the original concept for blockchain mission.
Now most of them are turning to BCH as a claim of having one of the most devoted original vision. And to envision the idea behind BCH, there is a funding venture for the BCH community to create ideas on how to use the cryptocurrency.
What Is Bitcoin Cash Fund?
Bitcoin Cash Fund is a non-profit firm with the aim of sourcing and contributing funds from individuals or sponsors who would like to see quality projects to help expand the awareness and use of Bitcoin Cash.
The Bitcoin Cash Fund will help accelerate the adoption of Bitcoin Cash by supporting BCH initiatives which will help the crypto popularity grow at an impressive speed. In short, all proceeds from the venture will go towards funding BCH sites and distribution of crypto physical and virtual learning materials.
What To Expect With Bitcoin Cash Fund?
Initially, the project started out through a blogging site but later became more prominent after the contributions were understood to be bigger than expected. As of now, the platform works through a community-based model with members and a small group of overseeing authority.
All donations from the community go to three multi-signature wallets from where distribution to the BCH projects takes place. The oversight board is made up of 3 members who hold the keys to only 2 of the three wallets.
How Bitcoin Cash Fund Non-profit Organization Community Works
The fund collaborators demonstrate that the platform will work on three different models. That will include
- Submit a proposal- if you feel you have an idea on how to improve Bitcoin Cash use, you can fill out a form and wait to see if you are eligible.
- Volunteer- crypto enthusiasts with technical skills, can offer their services for the available BCH projects.
- Donate- all contributions are received through this portal.
The Bitcoin Cash Fund Future
As of now, it would be hard to substantiate whether the fund could outlive its initial phase. However, the BCH community is excited about this platform since the initiative is receiving an overwhelming number of contributions and response. An excellent example of a high-profile investment is the donations by SatoshiDice, a prominent crypto gambling firm. The gambling platform only accepts Bitcoin Cash and is resilient on the use of the crypto as the future of digital currency.
Bitcoin Cash Fund Conclusion
More often crypto investors lack the tool that can help them learn everything related to a specific currency. As a result, there is lack of sustainability when it comes to focusing on the growth of the crypto.
With BCH Fund, we can safely say that Bitcoin Cash can have potential in the long run. And if the donations and investments continue pouring in as in the past Bitcoin Cash Fund can form a vital partnership and interdependence with the altcoins.
In conclusion, the whole project does have potential, and if you are into Bitcoin cash, then it is an excellent option to help you create awareness for the public.