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CGTOW token: 100% of sales until 1 August 2019 donated to Bitcoin Cash Development Fund

CGTOW token: 100% of sales until 1 August 2019 donated to Bitcoin Cash Development Fund

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btcfork is offering limited commemorative CGTOW (Coins Going Their Own Way) tokens.

All proceeds from btcfork sales of these tokens from now until 1 August 2019 will be forwarded to Bitcoin Cash Development Fund (*) at https://www.bitcoin.com/fundraise/ .

CGTOW tokens are for those who want to make a big monetary contribution to Bitcoin Cash development and get a limited-issue commemorative token as a tradeable symbol of your contribution.

CGTOW are non-divisible, limited in total supply (10,000) and currently pegged 1:1 to BCH. Yes, that means to buy one from btcfork costs 1 BCH, but also 100% of that goes towards the Bitcoin Cash Development Fund. Of course the price peg to BCH may break as soon as others re-sell them.

CGTOW tokens are only sold one at a time by btcfork, to raise funds and awareness for BCH development.

btcfork will likely stop selling CGTOW tokens after 1 August 2019, and only resume once there is another BCH fundraising drive. This may be subject to change at btcfork's discretion.

Proof of donation will be posted on Memo for each coin sold. (likely by directly donating from Memo to the fundraiser site - in case of Memo unavailability a signed message can be provided from an address that provably donated 1 BCH to the fund).

More details can be found on Memo, including the token market where CGTOW are offered.

As CGTOW are sold one-at-a-time by btcfork, and we will endeavor to have one for sale at all times. Still, if you don't see one for sale there, please ask.

Memo announcement post

* proceeds will be donated to the general donation address (bitcoincash:qq29gww57twmvq07las39p3m65x8nw2ngvvuq6adpn) at the Bitcoin Cash Development Fund unless the token buyer specifically requests on Memo, ahead of the token sale, a different BCH client project to which to make the donation. Such a request must be directed to the btcfork account on Memo so that btcfork can be aware of it before making the donation.

submitted by /u/btcfork
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