According to the official announcement, BitMart will launch eCash (XEC) on July 1 at 12:00 (UTC+8) with the XEC/USDT trading pair. eCash was developed by the original team behind Bitcoin Cash and, as a fork of Bitcoin, possesses a more robust technological roadmap. The innovative Avalanche consensus layer and its own token layer are unique technological highlights of eCash. eCash also aims to introduce unprecedented features in the Bitcoin project, such as collateral, no-fork network upgrades, and subchains. XEC is the native token of the eCash network, with the following use cases: Token Minting: XEC holders can mint tokens with custom names, supply, decimals, and icons through the eCash platform. Users need to pay network transaction fees in XEC tokens. The eToken protocol also supports NFTs. Collateral: XEC token holders will be able to participate in Avalanche Staking, which will become part of eCash governance.

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