Bitcoin Cash The Genesis of BCH Tokenization: Over 10,000 SLP Tokens...

The Genesis of BCH Tokenization: Over 10,000 SLP Tokens Built on Bitcoin Cash | Technology – Bitcoin News

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This week Bitcoin Money followers have been discussing the milestone of over 10,000 Easy Ledger Protocol (SLP) tokens created for the reason that infrastructure was first launched. Furthermore, tokens constructed on Bitcoin Money are nearing 1 million transactions to-date.

Bitcoin Money (BCH) group members have observed there are actually 10,679 SLP tokens created for the reason that Simple Ledger Protocol’s inception. The discussion regarding the SLP milestone occurred this week on the favored Reddit discussion board r/btc.

Along with the 10k+ SLP tokens created, the variety of transactions is nearing 1 million. Bitcoin.com token data page signifies there’s been 960,346 SLP-based transactions. Statistics present 2,250 SLP transactions had been recorded within the final 24 hours.

The Genesis of BCH Tokenization: Over 10,000 SLP Tokens Built on Bitcoin Cash

At present, the highest 5 hottest tokens within the final 24 hours have been Refund Token, Mistcoin, MAZE, Spice, and Zapit. Nonetheless, 30-day stats present the highest 5 SLP tokens by use was Mistcoin, MAZE, Refund Token, TBS, and Zapit. Along with the 10k SLP tokens minted to date, there’s been 13,353 token burns to-date as properly. Burning is the act of taking the SLP tokens out of circulation.

Because the challenge was launched, the SLP workforce is working with quite a few projects and infrastructure providers. This contains exchanges, stablecoin issuers like Honestcoin and Tether, Bitcoin.com, an SLP {hardware} pockets, video games like Realmx, the digital promoting market Tribeos, the Spice Token ecosystem, SLP funds for Woocommerce, and lots of extra.

The Genesis of BCH Tokenization: Over 10,000 SLP Tokens Built on Bitcoin Cash

SLP growth is bringing decentralized finance (defi) to Bitcoin Money (BCH) as properly with the upcoming introduction of the derivatives product Anyhedge, a challenge developed by the Normal Protocols workforce. Moreover, the SLP change Cryptophyl is restructuring right into a decentralized change (dex) for BCH and is working with Normal Protocols as properly.

Furthermore, some time again the SLP growth workforce printed quite a few bounties to additional the SLP ecosystem.

For example, the bounty is for constructing a number of smart-contracts that present extra safety to token issuers and paid out 500+ honestcoin (USDH). Moreover, over the last six months the SLP challenge shaped the SLP Foundation and described how individuals can leverage multi-signature management with SLP tokens.

The Genesis of BCH Tokenization: Over 10,000 SLP Tokens Built on Bitcoin Cash

Moreover, for the reason that Easy Ledger Protocol was invoked quite a few tokens have gathered real-world worth.

Bitcoin.com’s SLP token index exhibits a complete of eight market caps together with tether (USDT). There are 6 million SLP-based USDT in existence however tether’s are additionally minted on quite a few different chains.

Different high SLP tokens featured out there cap index embody flexcoin (FLEX) with $29 million, gocrypto (GOC) with a $4 million market cap, Courageous Sound Token (BRST) has an total valuation of $3.3 million. That is adopted by honestcoin (USDH – $2.7M), ACD Coin (ACD – $2.3M), sai (SAI – $882k), and spice coin (SPICE – $332k).

The SLP Basis additionally announced a partnership with the Blockhack Global 2020 occasion scheduled for October. “[Six] weeks. BIG training [and] funding companions,” the SLP Basis tweeted on September 18. The Blockhack occasion is hosted by Bitbay and it’s a six week digital hackathon that begins on October 5 by way of November 14.

What do you consider the expansion of the SLP token universe constructed on Bitcoin Money to date? Tell us what you consider this topic within the feedback part beneath.

Tags on this story
10k SLP tokens, ACD, Anyhedge, BCH tokenization, BRST, Coinflex, DeFi, DEX, FLEX, General Protocols, GOC, Honestcoin (USDH), MAZE, million transactions, Mistcoin, Refund Token, Sai, SLP tokens, Spice, Stablecoins, TBS, technology, Tether, tokenization, Tokens, Zapit

Picture Credit: Shutterstock, Pixabay, Wiki Commons, explorer.bitcoin.com, markets.bitcoin.com,

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