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Singapore, Singapore, Could 1st, 2023, Chainwire
Common Protocols proclaims the complete manufacturing launch of BCH Bull, a groundbreaking decentralized buying and selling platform constructed on Bitcoin Money. By using good contracts on the Bitcoin Money mainchain, BCH Bull permits customers to create lengthy or hedge positions in opposition to quite a lot of belongings, together with Gold, Silver, BTC, Ethereum, and fiat currencies comparable to USD, CNY, and INR.
Constructed on the AnyHedge protocol, BCH Bull leverages the scalable UTXO-based protocol of Bitcoin Money to keep away from excessive transaction charges and guarantee community charges don’t rise with growing transaction quantity. Since its beta launch in October 2022, BCH Bull has already created and redeemed greater than 3,000 good contracts. The AnyHedge protocol, which kinds the inspiration of BCH Bull contracts, has already been listed on DefiLlama and has achieved over $1 million USD complete worth locked.
A distinguishing characteristic of BCH Bull in comparison with Ethereum-based purposes is the individuality of every commerce’s good contract. As quickly as two merchants agree on phrases, the good contract is initiated, thus eliminating centralized contract dangers.
The BCH Bull manufacturing launch introduces a variety of enhancements to enhance consumer expertise. These embody doubling the contract measurement (as much as $25,000 USD hedge positions and $6,250 USD 5x lengthy positions), tripling the contract period to 90 days, chopping charges by roughly 30%, incorporating Chinese language Yuan as a further buying and selling asset, integrating a premium tracker, and providing language localization to its Chinese language customers.
BCH Bull is a testomony to Bitcoin Money’s increasing ecosystem for good contract deployment and DeFi DApp creation, paving the best way for additional innovation. The upcoming Bitcoin Money community improve on Could 15, 2023, guarantees much more prospects, comparable to CashTokens for identification tokens, covenant-tracking identification tokens, voting with fungible tokens, sealed voting, multi-threaded covenants, NFTs, and multi-covenant decentralized purposes.
As CashTokens emerges with the upcoming Bitcoin Money community improve, BCH Bull customers sooner or later might commerce contract positions, providing a possible various to conventional stablecoins. In gentle of latest failures of algorithmic stablecoins and considerations about different stablecoin centralization dangers, CashTokens current a completely backed, liquid resolution to fight cryptocurrency worth volatility. This improvement guarantees to reinforce consumer expertise on BCH Bull and broaden the attain of Bitcoin Money-based monetary options.
About Common Protocols
Common Protocols are UTXO consultants, constructing peer-to-peer, open-source monetary instruments and providers on the Bitcoin Money blockchain. Common Protocols’ objective is to assist develop a real peer-to-peer, world digital economic system, accessible, reasonably priced, and helpful to everybody on the earth. Common Protocols imagine in trustless, permissionless, and non-custodial options that permit financial freedom for all.
Contact
PresidentJohn NieriCommon Protocols[email protected]
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