A Chia fork that we have not covered here yet, nChain, has just launched for live trading against Tether (USDT) on the Cryptocurrency exchange ZT Global.
Now, I don’t know or claim to know anything about nChain or about ZT Global. My understanding is that it is a real exchange, if on the small side. They claim to be “invested by SoftBank”, so that’s something I guess?
A few members of The Chia Plot discord have been paying attention to nChain, and are telling me it launched today at about 20 cents, which is lower than it was trading on forks.green, and as of time of this writing has popped to 60 cents already.
I find it interesting they beat Spare Coin to the punch, but I do have reservations about projects that seem to exist just to get listed on an exchange. It doesn’t necessarily mean there is a hidden agenda there, but it does make me nervous the developers will yank the rug as soon as the price hits a certain target.
Thanks to Hendrik for bringing this to my attention.
Update: Thanks to some lively discussion on discord, its become clear that nChain has been planning their listing for weeks while Spare has come out of no where with their announcement. Also, according to Volar who is very in touch with the forks, Spare has seen no active development recently while nChain is very active. Take from that what you will, but I think the implication is clear.
