Bitconnect Coin, one of the fastest-growing altcoins in the history of cryptocurrencies has announced a change in its branding. The change was affected after another company with a similar logo raised an objection.
HubSpot, a leading online marketing, and management solutions platform recently sent a letter to Bitconnect stating that the cryptocurrency platform’s branding clashes with its own. Given the importance of brand identity, Bitconnect has complied with the request, even though they both are from entirely different domains.
However, Bitconnect makes it clear that the cryptocurrency platform never intended to infringe upon any company’s trademark or branding and given the number of businesses and websites online, the chances of logos bearing similarities are not deliberate, but just a matter of chance.
As the platform actively continues the rebranding exercise, Bitconnect has removed its Android application from Google Play Store. Once the issue is resolved, the app will be reintroduced, and the users will be updated about it.
Bitconnect Coin is an open-source, peer-to-peer, community-driven decentralized cryptocurrency. The Bitconnect ecosystem includes BCC Exchange Live — a cryptocurrency exchange platform, Block Explorer, BCC wallet, and its own mining pool.
Earlier this month, Bitconnect Coin was at the receiving end of a similar infringement after many exchanges, and trading platforms started listing the newly created Bitcoin Cash under the ticker BCC. The coin ticker, BCC originally belongs to Bitconnect Coin, which has been around since the end of 2016. The use of BCC for Bitcoin Cash could have caused a lot of confusion among the crypto-community members.
Realizing the seriousness of the situation, Bitconnect Coin started raising awareness about the conflicting symbols. Following Bitconnect’s objection and community’s feedback Bitcoin Cash was designated BCH.
Bitconnect Coin is among the top 15 cryptocurrencies, with a market capitalization of over $750 million. The increased adoption of Bitconnect Coin combined with overall market trends is expected to drive the cryptocurrency’s price further upwards.