Dear Users,
Bitcoin Cash (BCH) hard fork completed and the network has split into two separate blockchains. BCHN (Bitcoin Cash Node) gained majority community support and continued the use of the "BCH" ticker on the platform.
The fork token from the minority chain, BCHA (Bitcoin Cash ABC), will be distributed to users' account between Dec 9, 10:00 a.m. EST - 11:00 a.m. EST, 2020.
BCHA Distribution Rules
- Snapshot Time: Nov 14, 11:00 p.m. EST, 2020
- Snapshot Scope: Cash Account and Margin Account
- Distribution Ratio: 1 BCH = 1 BCHA (i.e. for 1 BCH held at the time of snapshot, 1 BCHA will be distributed)
- For users who still have BCH loan at the time of snapshot, they will have the same amount of BCHA loan in their accounts.
Listing of Bitcoin Cash ABC (BCHA)
At the same time, BitMax.io will support Cash Trading and 1.5X Margin Trading for Bitcoin Cash ABC (BCHA).
Trading Pair: BCHA/USDT
Start of Cash Trading: Dec 9, 10:00 a.m. EST
Start of Margin Trading: Dec 9, 11:00 a.m. EST
Leverage: 1.5X
Daily Interest Rate: 1%
Daily interest rate paid by point card: 0.5%
BCHA deposits and withdrawals will be available as soon as the network is secure and stable. Please stay tuned.
We truly appreciate your continued support.
BitMax.io Team
Dec 8, 2020
Telegram Group: https://t.me/BitMaxioEnglishOfficial
Bitcoin Cash ABC (BCHA) Introduction
Bitcoin Cash ABC (BCHA) is a fork of Bitcoin Cash.
The scheduled Bitcoin Cash hard fork on November 15th, 2020 included two primary improvements to the Bitcoin ABC full node software implementation.
The first improvement is a change to the Difficulty Adjustment Algorithm. In an effort to provide developers in the ecosystem with the most efficient path to implementing this much needed improvement, Bitcoin ABC will be implementing the aserti3–2d (ASERT) algorithm proposed by Jonathan Toomin and Mark Lundeberg and supported by a number of Bitcoin Cash full node implementations.
The second improvement is the addition of a new Coinbase Rule: all newly mined blocks must contain an output assigning 8% of the newly mined coins to a specified address as development fund.
