Finally prices seem to be in a better place and the chart seems to have bottomed out for Bitcoin Cash, holding quite steadily the $500 support. The small improvement (4%) in price, could find a very positive reaction since BCH is now escaping the $500 and moving to higher grounds.
Exciting news today from the SEP20 market, since we have not just one new project but two! LAW Token and Potato Coin! Both were not known to me before this day, so we will try to explore them together in this post.
I also find it important to mention that the top-10 SEP20 tokens on MarketCap.Cash are constantly increasing in liquidity, which can be translated as big support from the developers and communities.
LAW Token
Law token was first released on the Tron Blockchain. It seems there no motivation to keep running on the Tron chain, and there had been a failed attempt for a DEX listing that made the devs reconsider and decided to migrate to HECO chain.
I did't look more into this. What we know is the recent NFTs called Law Punks. Very similar to the popular Cryptopunks by Larva Labs, that seem to be selling today at a low price of 123 ETH. The SmartBCH based NFTs have the same approach and design. There is a minting process that costs 0.01BCH ($5) each.
Anyone that is interested in this might want to check: https://blockng.money/#/mint
The website claims that LAW is "The Next Generation Synthetic Currency" and how the team managed to rewrite everything we know about money.
Alright, this is always a red-flag as far as I'm concerned even and serious statements are more proper.
Moving on to the Whitepaper of LAW Token (link).
LAW is virtually risk free, just as its name suggests.
Law is not risk free, but I get the point.
I read a big part of the whitepaper, and I liked the ideas. I didn't understand some equations about entropy but I understand economic systems very well. Sadly, not many do, so we always end up being exploited by those very high in the "pyramid".
I have no idea what it was living in communist countries. I have asked in the past some Eastern Europeans, they didn't seem to be very happy about it. It was a system that worked for a while, until it didn't.
But lets move on, the whitepaper explains about NG.Money
BlockNG.Money is neither a corporation nor a business.
This is the team behind the LAW token, lets say the community that supports and helps it.
For more information visit the telegram of BlockNG and LAW token here:
https://t.me/BlockNGGlobal
If the link to telegram doesn't work you might try the one from the website.
I didn't reach any clear opinion what it will be with LAW but the NFT was the first I have seen on the SmartBCH network, so this is historic moment.
Good luck to the team, and I have given links so everyone can ask questions and do research on the project.
Potato Coin
To begin with Potato Coin (POTA) I have observed the telegram link at MarketCap.Cash is probably not correctly registered. Maybe the channel admins changed the name after submitting to MarketCap.Cash. The working telegram link is this one: https://t.me/PotatoCoinBCH.
Potato is a meme coin. From the website we understand this immediately:
I had a pleasant time reading information on the token from the website and I suggest to take a look. It contains many funny memes and will make your mood a little better.
About the tokenomics of this one, it has 1 billion tokens, although it did some kind of airdrop thought telegram that now seems to be over.
It is difficult to understand the logic here, though.
Up to 10% of tokens were distributed for free by airdrops to anyone who asks, until launch day!
When was that, I checked the telegram of this project and it was created just yesterday! The telegram channel at this moment has just 125 accounts so the distribution was very limited.
I checked it's Twitter account has been created in 22 September so possibly this token had a different telegram previously, since the airdrop was announced there at that date.
Anyway, some lucky telegram accounts got a lot of potatoes. This is supposed to be a meme anyway no reason to feel we missed a chance for airdrop tokens.
I don't know if a meme token can achieve a lot this early and it took a while for Ethereum token memes to accomplish some kind of adoption.
I wish a good start to this team and hope this will be a serious-meme one that won't rug pull us or anything and turn into a potato salad!
Finally
Marketcap.Cash has added some useful trading options on the website in the homepage of SEP20 tokens. This is a nice development, probably for the near future when volumes will start spiking and we can have some trading options with the tokens containing top volumes.
It has also added charts for tokens to satoshi value making it better for traders at BenSwap, since many prefer using BCH and not stablecoins for trades.
Tune in tomorrow for more news from the SEP20 SmartBCH market!
Friend, you reached 100 subscribers, round figure, you should be super happy. You deserve it. Many more will be coming soon. You are having an exorbitant rise, just a few days ago you were 70. Impressive friend, which is achieved with work, dedication, and effort. A hug!