Bitcoin.com, a cryptocurrency exchange related to Bitcoin Cash (BCH), has reportedly sold its own exchange token BCE and plans to raise $ 50 million. In response to the news, BCH prices rose more than 15% from the previous day.
According to the official whitepaper , BCE token holders will be able to receive a discount on exchange commissions. The discount rate changes every year for five years, with 50% in the first year, 25% in the second year, 12.5% in the third year, and 6.75% in the fourth year. The discount rate for the fifth year has not been announced yet and will be announced in the future.
The funds raised by the IEO will be used for expanding exchanges, business management and marketing.
The company will also be able to spend on development costs to improve the Bitcoin Cash ecosystem.
Currently, there is only a private sale, and investors invited to the sale can purchase BCE. Exchange Bitcoin.com does not provide services in United States.
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Doesn't seem like they have sold any yet only 50 of 2 billion have been distributed thusly.
https://simpleledger.info/#token/51fcf56ad60878f22f66d15a3afc8d042ed824232056d1a085bc162d94c5948b