As Bitcoin Value dips, the company has planned to launch ICO to attract investors.
The company will launch a new tool which will allow users to issue token on Bitcoin Cash Blockchain. This is a big development from Bitcoin and a change for investors to invest in the platform.
CEO of Bitcoin.com gave the news stating that the ICO launch could open doors for bigger development. With the help of ICO, the company could venture into different territories. ICO will also present a chance for investors to join hands with the company. This can be a once in a lifetime opportunity for investors to invest in the platform. It could provide a way to increase their investments.
As Bitcoin value continues to be unstable, this launch is an attempt to attract investors. ICO company hopes to receive funding to expand its reach. Recent ICO frauds have caused a dent to the overall crypto world. Bitcoin hopes to repair the dent by building trust among investors. Furthermore, with a giant like Bitcoin.com getting into ICO, other companies will also consider this medium in the future.
The new development comes after the Wormhole cash protocol. This protocol can lead to token creation using Bitcoin cash. Furthermore, it can open doors to new possibilities for the company. According to the company, crypto kitties, as well as ICO, are coming to Bitcoin Cash in near future. Implications of this move are yet to be seen.
Impact of ICO Launch
Bitcoin Value and ICO launch by the company will send positive signals to investors. Many believe that it would help in stabilizing the value of Bitcoin. According to a report published in Coin Telegraph, ICO will attract a lot of investors. It would also be helping in building the trust of people using the platform. With this investment, Bitcoin.com can venture into many new arrays of work. It would help the company to expand its reach into other sectors.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]