One of the most influential crypto entrepreneurs in China, Jihan Wu, is using Bitcoin Cash (BCH) with his derivative platform.
Chinese blockchain journalist and industry insider Colin Wu announced that Jihan Wu has begun offering perpetual swaps on BCH through its Bit.com platform. According to Colin Wu, Jihan Wu also plans to issue the first BCH / USDT option in crypto history.
Bit.com adds perpetual swaps on Bitcoin Cash
As announced in Colin Wu’s latest tweet, Bit.com, a small centralized cryptocurrency exchange run by the Seychelles with the Seychelles, which adds the BCH / USDT perpetual swap. This release comes with a compelling promotional campaign with a $ 100,000 airdrop for early traders.
Impressive leverage of up to 33 times will be available to all traders of BCH / USDT positions. According to the official announcement of Bit.com, only new users (who have not used Bit.com products before January 20, 2021) are eligible to participate in the airdrop. The maximum bonus for a trader is 10 dollars BCH.
The campaign will end on January 27, and the BCH payments for the participants will be shipped out within three days of the campaign’s end.
In addition, Bit.com is offering 7 types of BCH bonuses for registering, submitting KYC information, participating in social media channels and sending large amounts of Bitcoin Cash (starting at 5 BCH, equivalent for $ 2,600).
Has the civil war ended?
On February 1, 2021, Colin Wu added, Bit.com will also list its first BCH options. As a result, the service (there is only one BTC / USDT pair active on Coinmarketcap so far) becomes focused on BCH adoption.
According to the Chinese insider, Jihan Wu decided to put all its strength into the “big loss on BCH” created by Bitmain. In turn, they lead to internal attacks on former CEOs and co-founders.
Jihan Wu left Bitmain in late 2020 with $ 76 million in compensation for his 20% stake.
With the policy of Jihan Wu, Bitmain, the world’s largest mining equipment manufacturer, could have invested more than $ 888 million in BCH, or 69% of 2017 record breaking cash flows.