The BitHope Foundation has partnered alongside Counterparty, which agency the charitable arrangement has created their token. HOPECOIN, equally this token is called, volition survive sent to anyone who makes a donation through the IndieSquare button.
Introducing The HOPECOIN Token Through Counterparty
Most cryptocurrency enthusiasts volition select heard of the Counterparty platform before, equally it stores extra information inwards criterion Bitcoin transactions. As a result, every Counterparty transactions is a Bitcoin transaction inwards a smaller size. Transactions on this network are verified past times Bitcoin miners in addition to are recorded on the Bitcoin blockchain.
This concept has caught the attending of the BitHope Foundation, equally they partnered alongside the Counterparty squad to create their token on the platform. HOPECOIN, equally this maiden is called, is a novel token which volition survive issued to anyone who makes a fiscal contribution to this charitable organisation.
However, at that spot is i requirement, equally users select to utilization the BitHope IndieSquare payment push clit to have the tokens. Given the multi-purpose wallet nature of IndieSquare in addition to the fact they are the world’s starting fourth dimension Counterparty wallet built for mobile devices, this partnership tin convey a lot of positive attending to all parties involved inwards this partnership.
To set this token into perspective, every Bitcoin donation worth US$1 volition vantage the contributor alongside fifty HOPECOINS. While these novel tokens select no intrinsic value equally of yet, they tin survive exchanged for goods in addition to services inwards the future. BitHope Foundation hopes other projects volition utilise the Counterparty platform inwards the future, in addition to offering their goods in addition to services inwards central for these tokens.
For users who select never used the IndieSquare wallet before, it is of import to authorities notation the user is inwards amount command of their wallet at whatever given time. During the signup process, at that spot is a 12-word seed that needs to survive written downward past times the user, equally they are the exclusively ones who select access to the funds. No other political party volition e'er access one’s funds.
Source: Bithope
Images courtesy of BitHope, Counterparty