Do SLP Tokens Need a News Site?
Hello Again,
I have enjoyed diving deeper into the Crypto Rabbit Hole. I also have been excited about potential growth that SLP Tokens have to offer.
Now I need your opinion...
**Does the SLP Token Space need a specific news site that is dedicated to just SLP Token news?**
I was thinking of a DrudgeReport format... with links to articles & publications, as well as price action, etc.
I can envision a website that disseminates information on New SLP Tokens & their utility. I also see a need for articles to present news on what Devs and the SLP Token foundation is working on.
It would of course be a non-profit that is impartial and supported by donations, advertising and be raw in its beginnings.
Would you donate SLP Tokens and BCH to keep it going if it was insightful and a central location where you could get the latest news on SLP Tokens?
**Do you see a need for such a website?**
Or, is it premature to devote time & effort to this type of news website that is dedicated to just SLP Tokens? Is the audience too small still? What do you think?
I would very much like to hear your thoughts & ideas on a news site dedicated to SLP Tokens. Or, if I'm too early to devote time and effort toward this endeavor please let me know. Maybe the SLP Token ecosystem is just too young to offer a free & impartial news site that is supported by ads and donations.
**Thoughts? Post Your Comments Below.**
What SLP Tokens Need for Adoption
Hello,
I’m very impressed having discovered SLP Tokens. I was first introduced to them from a YouTube Video that Roger Ver posted about last summer. He explained how so few knew about SLP Tokens and their HUGE potential. Like most, I liked what I heard but just filed it away and never revisited the topic or investigated them.
Now everything has changed. I’ve actually looked into their unique qualities and have played with SLP Tokens and creating them is so easy to do. I am learning more and more about them and have found out that they are a hidden gem. The SLP Token community I think is set to blow-up in a big way. It is exciting to see how it is growing out of its infancy.
On Telegram it seems to be over-ridden with Token Bots & Claim this Token and that Token. Memo.Cash is fun and interesting, but I wished it showed real transaction volume of its buy/sell orders and its trading volume of these tokens. Who knows why it doesn’t? Is there too little of volume to report? Or is it they are keeping quiet because they haven’t caught on yet and have little utility? Let me know if you know why they don’t show trade volume totals.
So… **What do SLP Tokens really need to grow adoption?**
They need ***UTILITY.*** Yes, what most of you have already been thinking. What many don’t realize is their HUGE potential has a lot to do with the BCH Network and their low transaction fees/gas. This is a big advantage over ERC-20 Tokens on the Ethereum network.
Everyone needs to put on their thinking caps and get creative and search for a Utility that requires frequent and large volumes of transactions that may or may not exist as an ERC-20 Token. With such low transaction fees, one could undercut the gas fees of a competing token on Ethereum.
Transactions in the DeFi space could be big area to get ideas from too. Imagine if you had a token with a solid utility, performed well then, an ERC-20 Token wouldn’t be able to compete due to ETH gas fees.
**Another Element Needed for SLP Token Explosive Growth is a NECESSARY EVIL.** We need a ***Simple SLP Exchange*** that is low cost to list all SLP Tokens at a low, low fee. Maybe $25 USD in BCH is that magic fee amount. Just about anyone could easily list an SLP Token on an exchange. Who knows, a simple DEX exchange just for SLP Tokens that shows zero to large volume might be great for adoption. This type of exchange could weed out those tokens that do not have good utility and those that do will bubble up to the top very quickly. Also, it will compete with Memo.Cash and show token trading volumes. Just cheap listing fees & trading fees might quickly recoup the start-up costs. Given that so many people might list worthless, or semi-worthless tokens then maybe on an SLP Token Exchange the trading fees could be slightly higher than normal. Everyone, would like to see “Their” token on an exchange that had an order book, volume, charts, etc.
If you’re not familiar with SLP Tokens, hurry, be quick. Get in early. Here's are great place to start learning about SLP Tokens: https://simpleledger.cash/
Learn about them and grab some free tokens, and buy some now before you’ll say, “Nooooo, I missed Bitcoin, now I missed XYZ123 SLP Token.”
Just rambling thoughts. Tell me what you fellow SLP Token holders think.
@Wise-N-Witty