Cash Tokens, History and Prospects.
Cash Tokens are a native token standard built directly into the Bitcoin Cash (BCH) blockchain that enable the creation, transfer, and validation of fungible and non-fungible tokens (FTs and NFTs) on BCH. Unlike earlier token models that sat as layers above BCH (e.g. SLP), Cash Tokens operate at the base layer (via new opcodes and consensus rules), so that token transactions are validated in parallel with standard BCH transfers. Thanks to BCH’s low-fee, high-throughput design, Cash Token transactions often cost less than a cent even under load.
The upgrade enabling Cash Tokens was activated on 15 May 2023 that introduced a set of token aware opcodes and meta data formats. Since that upgrade, thousands of NFTs and over a thousand fungible tokens have been minted on BCH.
The philosophy is to combine the security, decentralization, and UTXO model of Bitcoin Cash with tokenization features (similar in spirit to ERC-20/ERC-721) for new DeFi, NFT, and dApp use cases.
Notable Cash Tokens.
Below are 2–3 representative Cash Tokens that have drawn attention,
1. SOCKS
This was the first proof of concept token listed on the Cauldron DEX swap interface , initially as a pair with BCH. Early on, SOCKS saw dramatic price movement just after listing as traders speculated. It serves as symbolic “first mover” in the Cash Token ecosystem.
2. BCH Guru.
BCH Guru is one of the more visible NFT ecosystems built using Cash Tokens. Its collections are represented among early marketplace activity.
3. Emerald DAO / BitCats Heroes
These are other NFT or token projects mentioned in Cash Tokens / TapSwap / community listings, used for collectibles, community engagement, or tokenized assets.
These examples illustrate the early stage of experimentation. Many tokens are speculative or community driven, rather than large commercial projects.
Danger ⚡ zone.
Anyone can create its own token on Cashonize , launch for sale and may scammed, So highly recommend that do good enough research before buying any Cash Token.
Cash Tokens on Cauldron DEX.
According to DeFiLlama data, recent metrics for Cauldron are,
👌30-day DEX volume: USD 644,349
👌7-day volume: USD 187,448
👌24-hour volume: USD 15,122
These numbers are modest compared to major DEXes on Ethereum or BNB Chain, but given the newness of the ecosystem, they signal early traction. It’s worth noting that liquidity and volume are heavily dependent on token interest, listing of new tokens, interface usability, wallet integrations, and community engagement. As more tokens, use cases, and users join, volume may grow.
Some wallets currently known to support Cash Tokens include,
Electron Cash (desktop/SPV wallet) , supports Cash Tokens, with token view and management features.
Paytaca , a mobile / browser extension wallet that supports Cash Tokens and dApp connections.
Cashonize, a web wallet focused on Cash Tokens, letting users send, receive, create tokens.
Zapit , a BCH wallet , as of now, Zapit offers basic Cash Tokens capabilities.
There is mention of using WalletConnect with Zapit to swap tokens on Cauldron (i.e. bridging interface) in a tutorial.
There is a big debate in crypto world that is there any futuristic opportunity in Cash tokens? I think Yes, let's see it.
Opportunities.
DeFi expansion on BCH, With native tokenization, BCH can host swap protocols, lending/borrowing, synthetic assets, and stablecoins, reusing its low cost transaction environment.
NFT and digital assets, open the door for artists, games, collectibles, identity tokens, or loyalty systems on BCH, competing with other NFT platforms.
Integration & interoperability, Bridges, cross-chain token flows, and interoperability with Ethereum/BSC or L2s may increase BCH’s presence in the token economy.
Ecosystem growth, As more wallets, dApps, developer tooling, and marketplaces support CashTokens, user adoption may snowball.
Challenges
Liquidity & adoption, Without significant token projects or capital, volume may remain low. Attracting real use cases beyond speculative tokens is critical.
User experience & tooling, Wallets, UI/UX, explorers, analytics tools, and developer SDKs must mature to lower friction.
Security & standardization, As with any new token standard, bugs, exploits, or nonstandard implementations are risks. Clear CHIP standards and audits are important.
Competition, BCH with tokens will compete with more mature ecosystems (Ethereum, Solana, BNB Chain) that already have deep liquidity, tooling, and developer communities.
Market sentiment, The success of tokenization depends on broader crypto market trends, capital flows, and investor confidence.
Summary.
Cash Tokens represent an exciting evolutionary step for Bitcoin Cash, fusing token capability with a low cost, decentralized chain. While the current scale is modest, the groundwork is laid. If the ecosystem attracts compelling token projects and emphasizes usability, BCH could emerge as a lean but powerful token platform. The coming 1–2 years will be pivotal, either this becomes a niche experiment or the foundation of a new BCH-based DeFi/NFT ecosystem.
Thank you so much for your valuable time till here. Like, upvote and leave comment for feedback.
Note: The article also published on my read.cash wall.
Cheers,
Amjad.
Tangled| ON+
