As Binance CEO threatened to de-list Bitcoin SV (BSV) over Craig’s Wright consistent emphasis on him being Satoshi Nakamoto, another Bitcoin SV proponent Jack C. Liu has partnered with Okex Exchange to launch a separate exchange. Together they have planned to launch Float SV, a BSV based exchange.
Jack C. Liu is a crypto-entrepreneur; he has founded and worked with various crypto-based start-ups like Circle, RelayX and has long been associated with the OKGroup as well. Liu is also the advisor to the OK Group and has previously served as a Senior Executive at the Exchange firm.
Float SV, a BSV Based Exchange
Float SV Exchange plans to list only ‘real-world assets’ like securities, bonds and other financial instruments along with only cryptocurrencies that follow Proof of Work (PoW) SHA-256 algorithm. Bitcoin [BTC] and Bitcoin Cash [BCH] are the two most popular cryptocurrencies based on PoW SHA-256. Nevertheless, there are more than 95 other cryptocurrencies that follow the same algorithm.
Jack C. Liu tweeted on 12th April:
“Utility” token in the plans for Float but would be good to list real asset tokens on the BSV chain.
The Exchange will be launched as Early as April. Moreover, reportedly, it could be launched before that if other Exchanges de-list Bitcoin SV. As Binance CEO, Changpang Zhao, issued a warning to de-list Bitcoin SV. Two popular hashtags caught with soon with the crypto-community, they are: #DelistBSV and #WeAreAllHodlonaut.
A. Pompliano, a leading Bitcoin and crypto figure among Crypto-Twitter and founder of Morgan Creek Capital tweeted as well on the issue:
Every exchange should delist BSV simultaneously on May 1st in a sign of solidarity behind the only Bitcoin that ever mattered… #DelistBSV
Float SV is a strong move which is expected to restore the confidence of its supporters. Moreover, it also highlights the freedom and adaptability of the decentralized structure that remains unaffected and continues to grow even after being almost rejected by the largest Exchange in the world.
Will Bitcoin SV become a successful payment channel even after being delisted from major Exchanges? Please share your views on the new Float SV Exchange.
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Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com