BTCC, formerly known as BTC China, now re-launches and plans to issue native tokens according to the company’s announcement on July 2.
The newly-improved crypto exchange is now live, and is offering trading for BTC, ETH, LTC against US dollar, as well as crypto-to-crypto pairings.
The new platform advertises a point-based system for all users. All points earned per transaction can later be used to redeem a new, native token. The native tokens are not yet released, and a release date has yet to be announced.
BTCC’s comeback really put them into a nice spot. Introducing a point-based system distinguishes them from the rest in the crypto market.
BTCC was founded in 2011. It was formerly the third largest crypto exchange in China before regulatory ban on ICOs in the country was implemented. It then announced its closure in September 2017.
In January the company was acquired by a Hong Kong based blockchain investment fund, and it is now focused on rebranding and expansion. There are two further ventures alongside the trading platform, the Mobi wallet software, and an international BTC mining pool.