BitConnect Coin, the fastest growing cryptomonet of all time, has been trading under the BCC symbol since day one. Among the top 15 criptomonedas in terms of market capitalization, BitConnect Coin pointed out the problem of branding with Bitcoin Cash and the confusion that the new altcoin will create if certain exchange houses decide to quote it as BCC.
The next bifurcation of the Bitcoin network is a topic of discussion among many in the Cryptomoneda community. With the fork scheduled to happen on August 1, 2017, many exchange platforms have indicated their support for the fork of Bitcoin Cash, which they say will be included as BCC. These exchange platforms have overlooked the strong presence of BitConnect Coin in the market for cryptones, since they focus on the developing situation on the Bitcoin front.
BitConnect is concerned about possible confusion caused by the inclusion of Bitcoin Cash as BCC in exchange houses, including those that are already supporting BitConnect Coin. The cryptomoneda urges exchange houses and trading platforms to list Bitcoin Cash under an alternate symbol to ensure that traders are not confused between the currency of BitConnect Coin and Bitcoin Cash. Otherwise, they might end up buying or selling one, instead.
If the problem with the "BCC" symbol is not resolved soon, the confusion is bound to create many problems in the coming weeks.
Since the last nine months, BitConnect Coin has seen phenomenal growth, surpassing the growth of the world's top altcoin, Ethereum. In the three previous months, the cryptonion has registered a growth of more than 700%, which has remained stable in comparison with other altcoins. BitConnect Coin continues to show steady growth, thanks to its dedicated team and a fast growing and loyal community.
In the hope that the problem of symbols will be solved soon, BitConnect urges members of the community to be aware of the possibility of two altcoins sharing the same symbol, at least in some exchange houses as of August 1. These currencies have a big difference in value and users should make sure they are trading the correct currency to avoid any loss.
Members of the community can also use the BitConnect Exchange platform to buy / sell BitConnect Coin (BCC) directly from each other.
ABOUT BITCONNECT COIN
BitConnect Coin is a decentralized, open-source, peer-to-peer crypto-coin that allows people to store and invest their wealth in a currency not controlled by the government and even earn a substantial investment interest.
Very good post. I fully understand what you're talking about. There's a lot of exchanges out there. I found that coinmarketcap.com gives quite a decent overview. This is quite an interesting website I found: https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins. Check for example: https://www.coincheckup.com/coins/BitConnect#analysis For the BitConnect Investment research.