When it comes to creating a new cryptocurrency, there are several factors that contribute to its success. Yet, there is one we often take for granted. The logo. You may glance over these crypto logos without a second thought, but they are ingrained in your subconscious along with the other famous logos of the world. The team behind Bitcoin SV recognized this, which is why they recently reinvented themselves with a brand new logo. More than just an image, analysts are already saying this logo will help usher in a new wave of crypto adopters.
BITCOIN SV SHAKES UP THE CRYPTO SPACE WITH NEW LOGO
Just a mere two months after it came into existence, Bitcoin SV got right to work on rebranding themselves. With their new logo ready to showcase, BSV broke the record for “fastest rebrand for tainted coin,” a record previously held by Raiblocks. In a message to the press, the Bitcoin Commerce Association (bComm) expressed that the new logo “reflects Bitcoin SV’s roots while leading a new era for Bitcoin to professionalize.” At first glance, this is a rather vague quote but if you look into it deeper, you’ll see the true meaning.
BITCOIN SV WANTS YOU TO TAKE IT SERIOUSLY
Essentially what bComm was trying to say here was that they want you to take Bitcoin SV seriously now. The logo represents a monumental jump to maturity of the BSV protocol, which violently separated from Bitcoin Cash during the infamous “hash war” of November 2018. While many see this hard fork as the result of two childish billionaires who can’t get along, Bitcoin SV points out that they are ready to grow up and move on.
The logo itself features a capital B and the letters SV in “dragon gold.” Allegedly, this is to symbolize Bitcoin SV full node implementation as well as ambition, leadership, energy, good fortune and above all, independence. nChain CEO Jimmy Nguyen went on to say that “after too many years of wasteful diversions from the Satoshi Vision, we can now finally celebrate Bitcoin’s rebirth.”
BITCOIN SV AND THE ROAD TO MASS ADOPTION
Besides the new, memorable logo that is generating lots of hype on its own, Bitcoin SV is getting some help from friends. Coingeek founder Calvin Ayre is issuing commemorative silver coins that mark the mining of the genesis Bitcoin block. These sixty-gram coins will be auctioned to the public over the next month.
While this is all promising news for BSV, it’s still a bit early before we see it’s price take off. So what do you do with all that free BSV sitting in your portfolio? Don’t sell it. Instead, take this suggestion. Go to crypto backed lending site like YouHodler and put up your BSV as collateral. You’ll then receive cash in return to use for your business expenses, portfolio diversification or more. Meanwhile, BSV can find it’s placed in the crypto ecosystem and start to rise.
When you pay back your loan, you get BSV back along with any additional profits it incurred during the process. It’s a quick and easy way to use BSV to your advantage now without waiting.