BCH Ecosystem Fund Bolsters Cashtokens Ecosystem With $20 Million Investment

PRESS RELEASE. Dubai, July 24, 2023 – The BCH Ecosystem Fund has announced a important $20 cardinal concern successful the Cashtokens ecosystem, pursuing unanimous support during the Bitcoin Cash (BCH) Network Upgrade connected May 15, 2023. The Cashtokens protocol holds the imaginable to make a broad UTXO ecosystem application.

The BCH Ecosystem Fund, renowned for its committedness to pioneering advancements successful the BCH space, seeks to foster cutting-edge innovations. Projects demonstrating wide Web3 innovation rationale and worth seizure potential, arsenic good arsenic assets enhancing BCH’s diverseness with native, secure, and transparent attributes, are of peculiar interest. Additionally, the Fund is keen connected applications, infrastructure, and gateways that elevate BCH’s estimation and usability, on with user-friendly solutions that thrust concern growth. The Fund is besides intrigued by globally-consensus-building DAOs and applications leveraging the “mirror world” conception for technological and fiscal innovation.

Director Peng Wang disclosed the BCH Ecosystem Fund’s bold $20 cardinal concern successful the Cashtokens ecosystem. Since 2018, the Fund has gained extended acquisition investing successful assorted BCH-related ventures, spanning wallets, exchanges, media, and gaming.

The caller support of the Cashtokens protocol successful the BCH mainnet upgrade marks a strategical displacement for the BCH Ecosystem Fund, which is present focusing connected supporting Cashtokens-based initiatives. Peng emphasized Cashtokens’s relation successful enabling adjacent Turing-complete astute contracts connected the BCH Network, a milestone erstwhile considered infeasible for UTXO networks. Compared to existing solutions for token standardization connected UTXO networks, Cashtokens connection superior idiosyncratic acquisition and astute declaration capabilities, resolving anterior issues faced by platforms similar ETH.

Peng envisions creating an “Image world” connected the BCH Network, featuring an array of fiscal and decentralized applications supported by BCH arsenic the foundational currency. Though successful its aboriginal stages, the Cashtokens ecosystem has already shown committedness with platforms similar CRC20 and fex.cash. The marketplace worth of Cashtokens assets surpassing $200 cardinal further fuels optimism for aboriginal development.

For afloat interview, delight read: http://www.gfinancialnet.com/sociology/749.html

For much information:

BCH Belief: https://twitter.com/BCHbelief

CRC20 Deployment, Mint and Transfer: https://scaling.cash/

About BCH Ecosystem Fund:

The BCH Ecosystem Fund is simply a starring capitalist successful groundbreaking projects wrong the Bitcoin Cash space. Established successful 2018, the Fund focuses connected driving innovation and supporting the maturation of BCH and its related ecosystems. With a keen oculus for transformative technology, the BCH Ecosystem Fund aims to beryllium astatine the forefront of shaping the aboriginal of the cryptocurrency landscape.

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