You all are aware of bitcoins and its value in a trade, aren’t you??
HitBTC is an exchange that allows you to trade bitcoins or whichever cryptocurrency you like to trade in the market. It took a very important decision according to which it has decided to send half of its bitcoins to bitcoin unlimited, further exchanging them for Ethereum tokens. The decision was made, following a vote of users after the bitcoin fork did not materialize, on March 31.
The voting was held by hitBTC, to denominate the future of BTC and BTU, processing on its platform. A total of 808 votes were cast and a huge number of voters wanted to turn BTU into Ethereum tokens.
“Now it seems like people want us to convert BTU into ETH tokens and support Bitcoin Unlimited organization,” Victoria Ortiz, marketing manager, noted in an email to CCN shortly, after March 31. She noted, “If this option wins, we will send 50% of tokens to Bitcoin Unlimited.”
On April 13, Ortiz said HitBTC customer service was discussing with Bitcoin Unlimited how to proceed, with the transfer. The Votes were matched.
HitBTC voting results were as follows:
- Wait another week, 12%
- Enable BTC plus BTU withdrawals, 40%
- Turn BTU into Ethereum tokens, 48%.
In a blog, on April 5, HitBTC reported that turning BTU into ethereum tokens will be a better option and declared it the winner by a small margin. HitBTC decided to create Ethereum tokens, to be available, for trading and withdrawal. The Ethereum tokens would replace BTU and support the Bitcoin Unlimited.
HitBTC users will easily withdraw new tokens to their Ethereum wallet and credit them into their HitBTC account. “Should the hard fork occur, HitBTC would operate as described here, without changes,” the blog stated. “Your account won’t be credited with BTU.”
While it was decided that half of the token will be given to bitcoin unlimited and another half to the traders. “You will receive as many tokens as you have BTU,” the blog noted.
“As they (the new tokens) are becoming more demanded and valuable assets, more benefits for this project are emerging,” the blog further stated.
An Early Bitcoin Unlimited Supporter
Bitcoin Unlimited was listed on HitBTC and was available for trading on March 24. At a time, BTC and BTU withdrawals were temporarily locked, due to a possible attack, which could have occurred.
Launched in 2013, hitBTC along 6 million euro as venture capital provides trading services to individual traders. This trading platform also provides multi-currency support. SEPA payments are processed within three days, SWIFT payments take up to five days, with hitBTC service phone number 1-800-509-3075.
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