As we all are aware of the Bitcoin Cash (BCH) around the world. SLP is an efficient and reliable token system for Bitcoin cash. SLP stands for Simple Ledger Protocol. Creating the token is really very simple by the ElectronCash wallet. The majority of things can be tokenized including the Stock Market shares. Token can easily be traded without any mediocre or intermediate person.
It can easily be monitored on Bitcoin cash within a second, And it hardly cost a penny for every individual transaction. Every single token in past years was very complicated that's why SLP was created as it is feasible and easy to use for all. SLP is built on the Bitcoin Cash blockchain.
How to mint SLP?
The very first thing you need to do is to download the latest version of Electron Cash SLP Version or in other words download the Electron Cash which has SLP integration. It can easily be found on your browser on tablets, laptops, computers, or your cell phone. It has an official website for it.
A small amount of the fund is required to deposit in your wallet to create the token. Indirectly, just send your amount in the Electron Cash SLP wallet to create your token and the duration of the transaction to a wallet is not more than 5 minutes.
Once the funds are transferred to the wallet, there will be an option available of "Create a Token" that will most probably let you create your own SLP Token which is really very simple.
Later, you can customize your Token Name, your receiving address, and other attachments.
And there is an another platform memo.cash where you can easily create your SLP tokens. This is a Social website where there is an option available for creating SLP tokens easily. And trust me SLP tokens can be earned in this platform very easily as I personally prefer using this website to all.
What are the advantages of SLP Token?
Like every previous Token which was not so easy to use and monitor while SLP tokens are unique in its own way and are very efficient and can be easily understood by anyone. The transaction using the SLP Token happens on blockchains without any intermediary and mediocre.
And most essentially the transaction fee of SLP Token is just a penny while transaction from any other token takes cents or maybe a dollar too that makes SLP Token good for video games. More benefits are available on its official website. You can visit the website for more details.
Moreover, I believe everyone there is a lot of discussions regarding SLP and it's been a trending topic worldwide. And SLP Tokens can be used as a discounts or any other benefits with it's firm. Additionally, the owner of SLP Tokens have easy access and can monitor their Token where ever they want. There is a tool available SLP Dividend Calculator that lets the owner of coin send its assets with world value like Bitcoin or Bitcoin Cash. Every single transaction is been on the blockchain which indicates a good sign of tracking and managing or monitoring of Tokens becomes very easy. In Short, one could easily create the Token or send the Token or either receive the Token easily without any Time restrictions and the saved time is a Blessed Time.
In Conclusion, I would like to thanks read.cash who gives me this platform to post informative things to the peoples who don't have awareness regarding Bitcoin and SLP Tokens.
SLP really opens many many possibilities for massadoption. First Token I'm implementing atm is a Coffee Coupon based on SLP tokens. Works amazing