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See "https://www.viabtc.com/convert/bcc" – they obviously follow the token trading principle as I first described it here
…of course, r/btc would say they get subsidised by r/bitcoin. I call this a win-win (for now) 🙂
Anyway – here's how it goes:
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Send 10 BTC (just as an example) to ViaBTC.
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In you user account settings, turn 10 BTC into 10 BTC_frozen and 10 BCC at no fee.
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Sell your 10 BCC tokens for xx CNY.
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Purchase BTC from your xx CNY balance (e.g. buy 2 BTC if BCC traded at 20% price of BTC in step 3).
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Withdraw the 2 BTC immediately to your self-controlled wallet.
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Wait till 1 Aug 12:20 UTC.
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Login to ViaBTC and see that your 10 BTC_frozen tokens have been turned into regular 10 BTC tokens. Withdraw these 10 BTC to your self-controlled wallet.
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Enjoy having turned 10 BTC into 12 BTC.
Edit: If you prefer to trade in the other direction, read this.
submitted by /u/Amichateur
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247 Bitcoin
Bitcoin & Crypto & NFT News
247 Bitcoin -1 Bitcoins -247 BTC - 1 Crypto - Kryptous
1 News - 247 News - 1 Search - 1 eBooks