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What does Stake do with Crypto after a fork?


williamshennie9

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Posted

Hey guys :)

As we all know, Bitcoin Cash underwent a hard fork on the 15th of November 2018, which caused the chain to split into two directions, and hence two different Cryptos, namely Bitcoin cash (ABC) and Bitcoin SV. You can read up about it here:

 

This really got me thinking, what is Stake doing with all these extra coins? I'd love to hear what you think Stake is, or should be doing with all these new coins which they have acquired. I think it would be a fun discussion to have, and also because of the fact that Stake probably holds massive amounts of BCH (since they must be able to accommodate large withdrawals). So what do you guys think Stake is doing with their new crypto?

I'd love to hear :)

Posted

They are probably using it to fund the Sites services and maybe they are keeping it aside for doing future giveaways or maybe for challenges. Well we can't really say tho because the admins take the decisions and it's actually bad for the admins to release what they are doing with it. 

Posted
3 hours ago, williamshennie9 said:

Hey guys :)

As we all know, Bitcoin Cash underwent a hard fork on the 15th of November 2018, which caused the chain to split into two directions, and hence two different Cryptos, namely Bitcoin cash (ABC) and Bitcoin SV. You can read up about it here:

 

This really got me thinking, what is Stake doing with all these extra coins? I'd love to hear what you think Stake is, or should be doing with all these new coins which they have acquired. I think it would be a fun discussion to have, and also because of the fact that Stake probably holds massive amounts of BCH (since they must be able to accommodate large withdrawals). So what do you guys think Stake is doing with their new crypto?

I'd love to hear :)

So what you're saying is they essentially doubled their bch reserve because of the fork?

If so, I'd say they're probably gonna take some time off lol.

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