1,000 Bitcoin pledged by OKCoin for BTC, BCH and BSV devs

OKCoin, a San Francisco-based, fiat-savvy cryptocurrency exchange, recently announced the launch of a voting-driven initiative to donate as much as 1,000 Bitcoin (BTC) to developers of bitcoin, Bitcoin Cash (BCH) and Bitcoin SV (BSV).

OKCoin voting initiative starts today

As per a press release published on September 3, OKCoin pledged to distribute up to 1,000 BTC for the development of Bitcoin, Bitcoin Cash and Bitcoin SV.

OKCoin is one of the world’s top cryptocurrency exchanges by adjusted volume has dubbed the initiative ‘Let’s Build Bitcoin Together’. The project is calling on cryptocurrency enthusiasts to visit the OKCoin platform and vote for the project they would like to see receive a donation. Following each users vote, OKCoin has pledged to send 0.02 BTC (or the equivalent in BCH or BSV) on the voter’s behalf to the project of their choice.

The project goal

Tim Byun, CEO of OKCoin, stated that seeing as though OKCoin is one of the earliest crypto exchanges, the exchange is extra invested in the development of the crypto ecosystem. Therefore, Byun and his team thought it was time to step up and give back to the devs who keep the community growing and moving up.

Byun continued by stating:

“The ‘Let’s Build Bitcoin Together!’ initiative, which we believe is the first exchange-led community investment of this scale, is our way of showing our commitment and dedication to the Bitcoin community. Developers are, and will continue to be, key to improving the accessibility of digital assets, which is the heart of the OKCoin mission. That being said, we hope to give the full 1,000 BTC away, but we need people to get out there and vote!”

At the time of writing Bitcoin is eyeing the $11,000 resistance, up by 2.06% and trading at $10,588.61 as per data from CoinMarketCap. Be sure to check in again at 14:00 for your daily top ten cryptocurrency news updates and prices.