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.