A new token for bitcoin cash that’s set to launch in the next few weeks is expected to offer a lot of savings over the current cryptocurrency, with the price dropping from $2.50 to $1.50.
Bitcoin Cash’s token, which will be called the “Bitcoin Cash Token”, is based on the Bitcoin blockchain.
The new cryptocurrency has been widely speculated to be backed by a hard fork in 2017, which saw the creation of a new version of the bitcoin blockchain known as Bitcoin Cash that uses a new proof-of-stake algorithm.
The new token is expected launch within the next couple of weeks.
A bitcoin cash website, bitcoincash.org, was set up by the company last week, which is designed to facilitate exchanges and trades.
The website has a simple listing of the options that can be offered and offers a brief description of each.
For example, on the bitcoin cash exchange page, a single trade can be made for up to $3,400 and can be executed at any time of day.
A second option on the site offers up to a $5,000 buy-and-hold, where the buyer will pay the seller for a small portion of the coins they hold in a “basket” of bitcoin.
“If you’re looking to trade the tokens for cash, you can buy one or more of the tokens to buy into bitcoin cash, or you can sell the tokens at a premium price, if you want to cash out the tokens,” the site says.
The site also offers a few examples of other bitcoin cash tokens that are being offered.
The price of bitcoin cash has been hovering around $2,000 in recent weeks.
However, the latest trading volume indicates that the price may be about to drop.
“With bitcoin cash now trading at a price of $1,000, that means the market has been very active,” one bitcoin cash user, who asked to remain anonymous, told ABC News.
“People are just taking advantage of it and buying into bitcoin.”
While there are no official details on how much the new cryptocurrency will be trading for, one bitcoin wallet service, Bitcoin Wallet, is offering a 20 percent discount to buy bitcoin cash on the platform.
“You can use this coupon code: BITCOINSTORE25 to get $25 off your first purchase, and if you use this code you can get $10 off any future purchases,” Bitcoin Wallet’s website says.
A Bitcoin Cash trading platform called BTC Cash has been launched by another bitcoin wallet provider, Coinbase.
The service is offering bitcoin cash trading on its platform.
Coinbase CEO Brian Armstrong has said that bitcoin cash is “going to be the next great thing”.
“It’s not a replacement for bitcoin, but it’s a way to incentivise people to use bitcoin,” he said at a press conference earlier this month.
“It is the next step towards the eventual replacement of bitcoin.”