For over a 12 months now, the Easy Ledger Protocol (SLP) token universe has grown fairly huge. There at the moment are greater than 6,000 SLP tokens in existence and plenty of SLP tokens have seen worth discovery. Furthermore, tokens listed on our SLP market capitalization aggregator present within the final two months SLP valuations have doubled.
Additionally Learn: Gocrypto SLP Token Begins Buying and selling on Bitcoin.com Change
Information Exhibits SLP Token Market Cap Doubled in Worth
Since August 2018, the Easy Ledger Protocol (SLP) ecosystem has continued to develop relentlessly and there have been 6,196 tokens created for the reason that protocol’s inception. The SLP system is appreciated by BCH proponents as a result of it’s constructed on high of the Bitcoin Money community, however SLP doesn’t intrude with the chain’s consensus guidelines. Basically, the protocol makes use of metadata tethered to OP_Return transactions on issuance, and each time an SLP token is distributed or acquired. Since launch, a handful of common SLP tokens have seen worth discovery and quite a few SLP tokens have been listed on numerous cryptocurrency exchanges. At present, plenty of SLP tokens are listed on exchanges like Bitcoin.com Change, Digifinex, Altilly, Coinex, Sideshift.ai, Cryptophyl, and Coinsuper.
Since plenty of SLP tokens have gained worth, they’re now listed on markets.Bitcoin.com’s Featured Tokens web page. On the time of publication, there’s a complete of six SLP tokens listed available on the market cap portal: Flex Coin (FLEX), Gocrypto (GOC), ACD Coin (ACD), Sai (SAI), Spice (SPICE), and Honestcoin (USDH). Flex Coin is a platform token that was created by the buying and selling platform Coinflex. The token is supposed to reward merchants based mostly on the proportion of the individual’s buying and selling quantity. Every FLEX is value $zero.34 in the present day and the market capitalization is roughly $34 million. The second-largest market valuation for an SLP token is Gocrypto’s GOC, which is a coin that may be spent at any of the a whole lot of Gocrypto areas in a number of nations. GOC is buying and selling for $zero.03 per token and the Gocrypto market cap is $12 million.
ACD Coin is an SLP token issued by the Tokyo-based Alliance Cargo Direct and the token can be utilized alongside BCH at on-line and brick-and-mortar retailers in Japan and worldwide. Final month, ACD partnered with Alchemy to proceed bolstering ACD service provider acceptance. At present, every ACD is swapping for $zero.26 per token and has a market valuation of round $5.2 million on Wednesday. The fourth-largest SLP market cap belongs to Sideshift.ai’s native token SAI, one other platform coin meant to reward Sideshift customers and additional the swapping platform’s improvement. Right now, one SAI is swapping for $zero.04 and all the market cap is hovering round $492,000. The token SPICE is an appreciation coin developed by an nameless developer for the group. The token first appeared when folks began tipping with the coin within the Coinspice Telegram chat room. Since then, it’s been listed on exchanges and folks can use it to tip people on Twitter as effectively. A single SPICE goes for $zero.00032679 on international exchanges and has a market valuation of $316,000.
Rising Curiosity in SLP Token Options
The final SLP token available on the market cap listing is USDH, a regulated stablecoin constructed on high of the Bitcoin Money community. Honestcoin (USDH) was created by the Honestnode group USDH and is backed by USD with a 1:1 ratio. Information.Bitcoin.com reported on a number of events throughout our latest market updates that USDH has steadily been rising so far as being paired with BCH is anxious. Since Honestcoin is a stablecoin, the worth of USDH on markets.Bitcoin.com is roughly $1 and USDH has an general market capitalization of over $46,000.
Within the final two months, SLP valuations listed on our Featured Tokens web page have doubled and it reveals there’s a rising curiosity in SLP token options. In only a brief time period, the SLP atmosphere has seen a bunch of improvement and innovation doesn’t appear to be slowing down. Additionally with a bunch of newly listed SLP tokens, customers who want to retailer these new digital property don’t need to maintain them on an trade. The Bitcoin.com Pockets will assist SLP tokens quickly and SLP-based tokens might be saved non-custodially utilizing Badger, Ifwallet, Electron Money, Honeypoints, and the Crescent Money pockets.
What do you concentrate on the atmosphere being constructed across the Easy Ledger Protocol and all of the tokens created on high of the BCH chain to date? Tell us what you concentrate on this topic within the feedback part beneath.
Disclaimer: Worth articles and market updates are supposed for informational functions solely and shouldn’t be thought of as buying and selling recommendation. Neither Bitcoin.com nor the writer is chargeable for any losses or positive aspects, as the final word determination to conduct a commerce is made by the reader. All the time keep in mind that solely these in possession of the non-public keys are accountable for the “cash.” Token costs referenced on this article had been recorded at 1:15 pm EST on December 11, 2019.
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