Press Releases

Press Releases

OKCoin announces “Let’s Build Bitcoin Together!” — a pledge to donate up to 1,000 BTC to the Bitcoin community

Leading fiat-focused exchange launches a voting-driven initiative to invest up to 1,000 BTC into the development of Bitcoin, Bitcoin Cash, and Bitcoin SV

SAN FRANCISCO — September 3, 2019OKCoin, a leading fiat-focused digital asset exchange, announced a vote-driven initiative that pledges to donate up to 1,000 BTC (approximately USD 9.5 million) to the developers of Bitcoin (BTC), Bitcoin Cash (BCH), and Bitcoin Satoshi’s Vision (BSV). Starting today, crypto enthusiasts can come to the OKCoin platform and vote for which project they would like to receive a donation. For every vote received, OKCoin will send 0.02 BTC (or the BCH or BSV equivalent) on the voter’s behalf to the selected project. At the end of the campaign, the amount raised per project will be divided and evenly distributed amongst the developers and organizations listed below. 

Visit our “Let’s Build Bitcoin Together!” webpage for more details and voting qualifications: https://www.okcoin.com/1000btc

Donations will go towards organizations and/or developers for the advancement of their associated cryptocurrency projects. The donation recipients are:

Bitcoin (BTC)

Luke Dashjr, Bitcoin Core developer
Ben Woosley, Bitcoin Core developer
fanquake (Michael Ford), Bitcoin Core developer
Sjors Provoost, Bitcoin Core developer
Jonas Schnelli, Bitcoin Core developer
Jimmy Song, developer of bitcoin coding programs

Bitcoin Cash (BCH)

Bitcoin ABC, full node implementation of the Bitcoin Cash protocol
BCHD, full node implementation of the Bitcoin Cash protocol•
Bitcoin Unlimited, full node implementation for the bitcoin and Bitcoin Cash networks

Bitcoin Satoshi’s Vision (BSV)

Bitcoin Association, development organization run by Jimmy Nguyen
CambrianSV, BSV proof-of-work boot camp headed by Ella Qiang

OKCoin’s mission is to make digital assets accessible to the world, and to achieve its mission, OKCoin has been focusing on ecosystem growth. The “Let’s Build Bitcoin Together!” campaign aims to bring together three well-known players in the Bitcoin community. The intention is not to put one project against the other. Instead, the initiative aims to highlight the shared history, the different approaches and positions taken, and to garner community support towards those focused on building and moving the projects forward. 

While OKCoin understands that many developers and organizations contribute to the growth and success of each project, the company’s final list of donation recipients includes verified individuals or organizations who fulfilled the specifications of the initiative. 

“As one of the first exchanges, we have been invested in the development of the ecosystem,” said Tim Byun, OKCoin CEO. “There is no question that the past few years have been a roller coaster for the whole community, so we’ve decided to step up and give back to the developers who keep moving us forward. 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!”

The “Let’s Build Bitcoin Together!” webpage includes the most up-to-date information, including details about the projects, the recipients, as well as the voting progress and amount raised for each project. 

Disclaimer: OKCoin is supporting development work for the chosen developers and organizations, not the personal, political or religious viewpoints of any recipient. The donation to each project and recipient is intended only for the use of furthering the development of the respective project and overall ecosystem. However, OKCoin does not impose any restrictions or monitoring of how the donations are spent.

About OKCoin 

OKCoin is one of the largest and most trusted fiat-to-crypto trading platforms in the world. Founded in 2013, OKCoin offers advanced features for crypto beginners and high-volume traders alike, enabling users in 184 countries worldwide to exchange US dollars and the euro for Bitcoin, Tethers, USDK, Bitcoin Cash, Ethereum, Ethereum Classic, Decred, EOS, Litecoin, XRP, Cardano, 0x, Stellar, Zcash, TRX, and other digital assets. As a registered Money Services Business (MSB) with the Financial Crimes Enforcement Network (FinCEN) and a Virtual Financial Asset Act (VFAA) exchange with a transitory provision permissioned by the Malta Financial Services Authority, OKCoin is on a mission to make digital assets accessible to the world while complying with the highest of regulatory standards. For more information, visit www.okcoin.com.

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