18.06.2021

OKCoin Pledges up to 1,000 BTC to Developers of BTC, BCH and BSV

The initiative, called ‘Let’s Build Bitcoin Together,’ asks crypto enthusiasts to go to the OKCoin platform and cast their vote for the project they would like to receive a donation. OKCoin will reportedly send 0.02 BTC (or the BCH or BSV equivalent) on the voter’s behalf to the selected project.

San Francisco-based, fiat-focused crypto exchange, OKCoin, recently announced the launch of a voting-driven initiative to donate up to 1,000 BTC to developers of Bitcoin, Bitcoin Cash (BCH), and Bitcoin Satoshi’s Vision (BSV).

Voting starts today

According to a press release shared with Cointelegraph on Sept. 3, OKCoin, one of the top exchanges by adjusted volume, has pledged to dedicate up to 1,000 BTC to the development of Bitcoin, Bitcoin Cash and Bitcoin SV.

The motives

The CEO of OKCoin, Tim Byun, stated that as one of the first exchanges, OKCoin is especially invested in the development of the ecosystem, and therefore decided to step up and give back to the developers who keep moving the community forward. He continued by saying:

“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!”

OKCoin and global deposits

On June 17, Cointelegraph reported that the fiat-crypto trading platform OKCoin had partnered with fintech firm Simplex to enable global users to make USD deposits via debit or credit card.

At the time, Simplex CEO Nimrod Lehavi expressed his belief that credit card functionality is crucial to expediting mainstream cryptocurrency adoption.

Coincheck’s New Survey Program Allows to Trade Reward Points for Crypto

Cryptocurrency exchange Coincheck, a subsidiary of Japanese financial services firm Monex Group, partnered with marketing research company Macromill Group to launch the Coincheck Survey service that allows its users to exchange reward points for digital assets.

Got points? Get crypto!

According to Monex Group’s official press release published on Sept. 4, customers will be able to “exchange Macromill Points, which are offered as compensation for participating in surveys”, for Bitcoin, Ethereum (ETH) and Ripple’s XRP starting Sept. 10. The announcement states:

“In partnership with Macromill, a leading marketing research company that offers marketing solutions best suited for clients, Coincheck is expanding opportunities for an increase in the number of people who start investing in cryptocurrencies. … Macromill typically offers Macromill Points to Macromill Monitors who participate in the surveys conducted by the company. The launch of Coincheck Survey makes it possible for monitors to exchange those Macromill Points to cryptocurrencies.”

Crypto loyalty programs are on the rise in Japan

It is also noted that a Coincheck account is required for “Macromill Monitors” to participate in the program.

According to Cointelegraph Japan, the program’s exchange rate will be 1 yen per point. It is also noted that “in addition to cashing for 1 yen per point, it can be exchanged for products, T-points, and Amazon gift certificates.”

As we reported on Aug. 20, Japanese cryptocurrency exchange bitFlyer and technology services company Tpoint Japan also announced a partnership that allows local customers to exchange loyalty program points for BTC and earn rewards for paying in crypto.

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