THELOGICALINDIAN - On August 23 Bitcoincom appear a new appliance alleged the SLP Allotment Calculator The new belvedere allows users to body a transaction to accomplish allotment payments to any Simple Ledger Protocol SLP badge holder
Also read: How to Create Non-Fungible Assets and Collectible Tokens With Bitcoin Cash
Testing the New SLP Dividend Calculator From Bitcoin.com
Over the aftermost year, SLP tokens accept been acutely accepted amid BCH proponents, and so far supporters accept fabricated bags of different bill on the BCH chain. As time has progressed, the SLP ecosystem has accomplished a abundant accord and there are abounding third-party solutions acknowledging the badge infrastructure. This week, Bitcoin.com added a new belvedere to our Tools.Bitcoin.com aperture alleged the SLP Allotment Calculator. The appliance provides users with the adeptness to accomplish aggregate allotment payments to specific SLP badge holders. For instance, if you broadcast fractions of an SLP badge to a accumulation of three people, again you could access the token’s ID and accelerate funds to all three holders at a specific point in time. With the adeptness to pay BCH allotment payments to SLP badge holders, the new apparatus opens the aperture to all kinds of real-world use cases.
After the new apparatus was released, I absitively to analysis the account in adjustment to highlight aloof how accessible it is to use the new Bitcoin.com SLP Dividend Calculator. I activated the app with my cousin, Andrew Brow, because aback in June I beatific him some custom SLP tokens alleged “Andy Coin (ABC)” aloof to appearance him how simple it is to actualize tokens. At the time I created 21 actor ABC bill and beatific 10 actor to my cousin’s Badger wallet. Last night I opened up the SLP Dividend Calculator and pasted the token’s different ID cardinal into the aboriginal window.
Then I absitively to pay $1 to the Andy Coin badge holders, which agency it will be breach in bisected amid both of us, because we are both ABC badge holders. The SLP Dividend Calculator can pay a lot added than aloof two addresses, but for this analysis two was enough. After authoritative abiding the SLP badge ID and the cardinal of funds I capital to accelerate were correct, I absitively to accomplish the funds accessible at the aftermost accepted block height. You can additionally accept to advertisement it as is in the latest mempool accompaniment or you can accept a custom block acme as well.
The account gives you two choices afterwards the customization is complete: you can either columnist the button “Start over” or “Build the transaction.” Afterwards I chose to body the transaction, the appliance showed me absolutely what would appear afterwards I paid the different acquittal invoice. The SLP balances were scanned at block acme 597121 and I beatific a allotment acquittal of 0.003176 BCH, which would be paid to the badge holders of the Andy Coin badge ID number. The belvedere additionally told me that two addresses would accept a BCH allotment acquittal afterwards I paid the QR balance cipher through Pay.Bitcoin.com. Any wallet that supports invoices, like the Bitcoin.com Wallet, can pay the balance by artful the URI arrangement or scanning the QR code. I acclimated the Electron Cash wallet to pay the invoice, because I had some accessible funds in the wallet and I capital to see absolutely how the transaction was congenital and accomplished from the applicant perspective.
Opening the Door to a Decentralized Stock Market, Trust Payments and Bearer Bonds
After advantageous the invoice, the transaction broadcasted and my accessory Andrew and I were both beatific $0.50 in BCH each. The affairs accepted in the afterward block and the absolute analysis can be apparent on Bitcoin.com’s Block Explorer or Simpleledger.info as well. The apparatus could be acclimated for a array of absorbing allotment acquittal ideas. For instance, Bitcoin.com’s controlling chairman, Roger Ver, recently beatific BCH allotment payments to Cashgames.Bitcoin.com Allotment Analysis Token (CGT) holders for actuality Cashgames.Bitcoin.com patrons.
A being with four accouchement could actualize four abstracted non-fungible (NFT1) tokens with the kids’ names absorbed to them and alarm them Trust Tokens. After a specific block height, the Trust Tokens can be beatific a BCH allotment acquittal in adjustment to leave an bequest to the children. Or a business could accept bodies advance in the aggregation by initiating an antecedent bread alms (ICO) and badge holders could acquire the profits in the anatomy of allotment payments over time.
The sky’s the absolute back it comes to the array of concepts that can acquire from bodies appliance the Bitcoin.com SLP Dividend Calculator. Since the appliance was launched, a agglomeration of BCH supporters accept activated the belvedere to accelerate funds to assertive badge holders. “Fantastic,” one BCH enthusiast wrote on the Reddit appointment r/btc. “[This] gives us decentralized banal market… asleep accessible to use.”
“Holy applesauce the new SLP allotment apparatus is awesome. Aloof played about with it and beatific all holders of the MIS badge their allotment of .01 BCH aloof to analysis it out,” addition BCH user said on Twitter. “This is abracadabra internet money for reals.” If you accept created SLP tokens you can try sending a allotment acquittal to badge holders by application the SLP Allotment Calculator. The action takes beneath than two account to complete and you don’t charge to be a tech wiz to use the new tool. Check out the belvedere at Tools.Bitcoin.com and send your aboriginal BCH allotment acquittal today.
What do you anticipate about the new SLP Dividend Calculator? Let us apperceive what you anticipate about this new apparatus and abstraction in the comments area below.
Image credits: Shutterstock, Electron Cash, SLP Dividend Calculator, Pixabay, Bitcoin.com’s Block Explorer and Wiki Commons.
Do you charge to clue bottomward a Bitcoin transaction? With our Block Explorer tool, you can chase by transaction ID, address, or block assortment to acquisition specific details. You can additionally chase for SLP badge affairs on the Bitcoin.com Block Explorer as well.
