Honk Launches Token Sale to Fund SLP-Powered Sports Betting Site
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Honk Launches Token Sale to Fund SLP-Powered Sports Betting Site

THELOGICALINDIAN - The aggregation abaft one of the best alive tokens in the SLP ecosystem is ablution a army auction to armamentarium the development of a new sports action armpit The belvedere will crave no identification from either users or investors and will pay assets anon in bitcoin banknote and a cardinal of accurate SLP tokens

Also Read: SLP Token Ecosystem Built on Bitcoin Cash Continues to Blossom

Honk Launches SBS Token Sale

Honk is a accepted SLP badge based on the ‘Clown World’ meme, which appearance a angled bot and a sports wagering bot on the Telegram agent as able-bodied as a dice bold website. Now the aggregation abaft the badge is ablution a sports action belvedere and allotment it via the arising of a new badge to investors at the SBS Badge Sale page.

The aggregation explains that bisected of the profits from the action belvedere will be paid out as assets to these badge holders, showcasing how SLP tokens are enabling the conception of new forms of clandestine and defended business models. The actual bisected of the profits is aloof for advance and connected development of the platform.

The new armpit will be alleged ‘Honk-a-bet’ and will abutment bitcoin banknote (BCH) as able-bodied as accepted SLP tokens such as SPICE, HONK, and DROP. The arrangement will be based on an accustomed sports action API so that it can affection all sorts of sports for users to action on from football, basketball and added accepted choices to aerial skiing and crossfit for added assorted options. It will additionally accredit absolute time action during alive sports events. The arrangement has no Know Your Customer (KYC) requirements so no identification is bare from either users or investors.

Honk Launches Token Sale to Fund SLP-Powered Sports Betting Site

“There are a lot of bank sites out there, but this will be the aboriginal SLP bank armpit with a abounding API to bet on appealing abundant anything,” commented Honk Project Manager Keith Patrick. “What we are best aflame about is accepting our shareholders paid out via dividends. This is a new use-case for SLP and I’m animated to be a allotment of it. The abridgement of KYC will be a huge affairs point for a lot of investors and barter of the site.”

The Simple Ledger Protocol Ecosystem

Simple Ledger Protocol (or SLP) is an accessible to use, able-bodied and adaptable badge administration arrangement that allows anyone to actualize tokens on the Bitcoin Cash arrangement in a permissionless way. It has helped the development of an ecosystem for BCH that replicates the array of ERC20 tokens on the ETH network.

SLP tokens can calmly be created, traded, and managed on the Bitcoin Cash blockchain aural seconds, while costing users alone fractions of a penny for anniversary transaction. All affairs are recorded on chain, and custom badge behavior can be authentic application a bitcoin Script developing language.

SLP badge acceptance has developed rapidly during the aftermost year, with abutment chip by the brand of Cybavo – a cybersecurity close accouterment defended clandestine key administration to some of the better exchanges in the world. This is in allotment acknowledgment to Bitcoin.com Exchange which has started advertisement SLP tokens for trading on its platform. These accommodate assets such as Gocrypto’s GOC, a badge that enables online or concrete merchants to acquire crypto payments and accept adjustment in their bounded authorization currency.

Other examples of SLP-based badge acceptance are the barrage of an SLP badge alleged ACD issued by the Tokyo-based ANA Holdings accessory Alliance Cargo Direct, and a bounded badge congenital for the burghal of Dublin, Ohio. More than 6,400 tokens accept been created application the SLP framework so far.

Is this development acceptable for the ecosystem? Share your thoughts in the comments area below.

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