Maybe they will still need to pay BCH... Haha
Nope they need to swap BTC for this BTC2 1:1
If someone wants to purchase BTC2 they need to use Sideshift AI and exchange their BTC for the token. The price of BTC2, of course, fluctuates with the price of BTC and Sideshift AI will redeem BTC2 for BTC at any time. The new token also has a website called Corecash.org which has a slogan that says Core Cash: Where Store-of-Value meets Medium-of-Exchange. Core Cash (BTC2) lets you store and transact BTC on the Bitcoin Cash network, the website explains. This proposition gives BTC2 some value as it provides individuals with the means to transact with BTC for less than a penny per transaction.
Anyone falling for this? I would stay away even if this project become successful. All I can see here is money grab.
Hah! To be fair, it says backed 1:1, meaning 1 BTC = 1 BTC2; not that it has the same value market-wise. +1 for the meme though.
I think this is not the same BTC2 from coinmarketcap, anyone to verify this?
edit: Nvm found it!
One asset recently introduced is an SLP-based token called BTC2. The BTC2 token (not to be confused with the BTC fork of the same name) is basically an SLP token built on Bitcoin Cash thats backed 1:1 with BTC.
