The Bull's Guide to the BCH BULL

BCH BULL is a unique web application that allows users, "Bulls", to take long positions with leverage on Bitcoin Cash against a number of other assets including fiat and crypto - all done entirely using smart contracts on the Bitcoin Cash blockchain. The application is unique as it is one of the few, if not, the only decentralised and non-custodial applications in operation on a layer 1 UTXO blockchain, thus placing it at the forefront of a new frontier in cryptocurrency technology.

Powered by the AnyHedge protocol created by General Protocols, BCH Bull aims to be the premier DeFi experience directly on the Bitcoin Cash network. Here is a simple overview of how our bulls will experience this leading UTXO app:

Step 1: Create and back up your account key

Your money remains in your own wallet until you decide to create a contract. However, the application will create a private key that allows it to set up contracts and privately track your contract history. As with all non-custodial applications, you will be responsible for maintaining the account key.

Step 2: Define your desired bull positions

Once connected to the application, the bull can then choose a number of crypto and fiat assets to long against, as well as the contract length, the BCH amount, and their chosen leverage (up to 10x).

Step 3: Fund and sign your position

After sending your proposal to the liquidity provider, you will receive almost instant terms back from the LP. Thereafter, simply assess the details, and if agreeable, fund and sign your position by sending BCH to the contract.

Step 4: Monitor and await payout

You can monitor your position through the BCH Bull web app or on-chain. At the contract conclusion, receive payout directly to your chosen wallet.

#bethebull

The BCH Bull remains scheduled for release of its beta version in early 2022. To learn more, we invite all bulls and interested parties to join us in Telegram (t.me/BCHBULL) or follow the bull on Twitter (@BCH_BULL)

Website: bchbull.com

Infographic Bull's guide to the BCH Bull: