THELOGICALINDIAN - For over a year now the Simple Ledger Protocol SLP badge cosmos has developed absolutely all-inclusive There are now added than 6000 SLP tokens in actuality and a cardinal of SLP tokens accept apparent amount analysis Moreover tokens listed on our SLP bazaar assets aggregator appearance in the aftermost two months SLP valuations accept doubled
Also Read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange
Data Shows SLP Token Market Cap Doubled in Value
Since August 2018, the Simple Ledger Agreement (SLP) ecosystem has connected to abound relentlessly and there accept been 6,196 tokens created back the protocol’s inception. The SLP arrangement is accepted by BCH proponents because it’s congenital on top of the Bitcoin Cash network, but SLP doesn’t baffle with the chain’s accord rules. Essentially, the agreement uses metadata tethered to OP_Return affairs on issuance, and every time an SLP badge is beatific or received. Back launch, a scattering of accepted SLP tokens accept apparent amount analysis and abundant SLP tokens accept been listed on assorted cryptocurrency exchanges. Currently, a cardinal of SLP tokens are listed on exchanges like Bitcoin.com Exchange, Digifinex, Altilly, Coinex, Sideshift.ai, Cryptophyl, and Coinsuper.
Since a cardinal of SLP tokens accept acquired value, they are now listed on markets.Bitcoin.com’s Featured Tokens page. At the time of publication, there’s a absolute of six SLP tokens listed on the bazaar cap portal: Flex Bread (FLEX), Gocrypto (GOC), ACD Bread (ACD), Sai (SAI), Spice (SPICE), and Honestcoin (USDH). Flex Bread is a belvedere badge that was created by the trading belvedere Coinflex. The badge is meant to accolade traders based on the admeasurement of the person’s trading volume. Each FLEX is account $0.34 today and the bazaar assets is almost $34 million. The second-largest bazaar appraisal for an SLP badge is Gocrypto’s GOC, which is a bread that can be spent at any of the hundreds of Gocrypto locations in several countries. GOC is trading for $0.03 per badge and the Gocrypto bazaar cap is $12 million.
ACD Bread is an SLP badge issued by the Tokyo-based Alliance Cargo Direct and the badge can be acclimated alongside BCH at online and brick-and-mortar merchants in Japan and worldwide. Last month, ACD partnered with Alchemy to abide bolstering ACD merchant acceptance. Currently, anniversary ACD is swapping for $0.26 per badge and has a bazaar appraisal of about $5.2 actor on Wednesday. The fourth-largest SLP bazaar cap belongs to Sideshift.ai’s built-in badge SAI, addition belvedere bread meant to accolade Sideshift users and added the swapping platform’s development. Today, one SAI is swapping for $0.04 and the absolute bazaar cap is aerial about $492,000. The badge SPICE is an acknowledgment bread developed by an bearding developer for the community. The badge aboriginal appeared back bodies started angled with the bread in the Coinspice Telegram babble room. Since then, it’s been listed on exchanges and bodies can use it to tip individuals on Twitter as well. A distinct SPICE is activity for $0.00032679 on all-around exchanges and has a bazaar appraisal of $316,000.
Growing Interest in SLP Token Solutions
The aftermost SLP badge on the bazaar cap account is USDH, a adapted stablecoin congenital on top of the Bitcoin Cash network. Honestcoin (USDH) was created by the Honestnode team USDH and is backed by USD with a 1:1 ratio. News.Bitcoin.com appear on several occasions during our contempo bazaar updates that USDH has steadily been growing as far as actuality commutual with BCH is concerned. Since Honestcoin is a stablecoin, the amount of USDH on markets.Bitcoin.com is almost $1 and USDH has an all-embracing bazaar assets of over $46,000.
In the aftermost two months, SLP valuations listed on our Featured Tokens folio accept angled and it shows there’s a growing absorption in SLP badge solutions. In aloof a abbreviate aeon of time, the SLP ambiance has apparent a agglomeration of development and addition doesn’t assume to be slowing down. Also with a agglomeration of anew listed SLP tokens, users who ambition to abundance these new agenda assets don’t accept to accumulate them on an exchange. The Bitcoin.com Wallet will support SLP tokens soon and SLP-based tokens can be stored non-custodially application Badger, Ifwallet, Electron Cash, Honeypoints, and the Crescent Cash wallet.
What do you anticipate about the ambiance actuality congenital about the Simple Ledger Protocol and all the tokens created on top of the BCH alternation so far? Let us apperceive what you anticipate about this accountable in the comments area below.
Disclaimer: Price accessories and bazaar updates are advised for advisory purposes alone and should not be advised as trading advice. Neither Bitcoin.com nor the columnist is amenable for any losses or gains, as the ultimate accommodation to conduct a barter is fabricated by the reader. Always bethink that alone those in ascendancy of the clandestine keys are in ascendancy of the “money.” Token prices referenced in this commodity were recorded at 1:15 pm EST on December 11, 2019.
Images via Shutterstock, Trading View, Bitcoin.com Markets, Wiki Commons, and Pixabay.
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