ASCH Receives $7.5 Million USD Investment From Bitmain
The CTO of the public chain ASCH has recently announced that the company has received a total of 50 million RMB (7.5 million USD) from the largest crypto mining company in the world, Bitmain. The announcement happened during the Bitcoin Cash Anniversary Global Summit, which happened today.
ASCH has recently completed its cross-chain operation for BTC and BCH, which means that now you can use both these currencies on the mainnet of the company.
The founder of Bitmain, Jihan Wu, has told the media that he has always admired the technology of the company and that Bitmain decided to invest in the company to cooperate in the research and development with it and build a community overseas. According to him, the collaboration will greatly expand the usage of BCH and accelerate its growth around the world.
The ASCH Projects
At the moment there are at least a dozen different projects that are being made on the ASCH platform. They include ones like BlockDino, a game in which you have a dinosaur as a pet, Dream World, which is a VR game based on the geography of the real world and Koumei Cottage, a prediction market program.
The company also offers services to use the blockchain technology to reform traditional industries. A recent case of the company was Fangjinsuo, a loan consulting firm that started to use ASCH’s services to use the blockchain technology.
The founder of the company, Gingfenf Shan, said that the partnership will help both companies to boost their strengths in marketing and development of some new blockchain solutions that can help them, which will lead them together to a brighter future.
ASCH was founded in 2016 and it is a public cross-chain technology that uses a multi-chain architecture. Its mainnet has already been running for two whole years and you can find its tokens on exchanges like OKEX, Kucoin and Bit-z.
Bitmain, on the other hand, is the biggest Bitcoin mining equipment manufacturer of the world and the largest blockchain company of the world. The company is based in China.