Crypto 360°

Hello,

I'm excited to share the incoming change to DROP token. This is what we've been working on over the past weeks.

For those of you have who don't know, DROP is an Bitcoin Cash SLP-based token which allows you to receive on-chain token airdrops. DROP was created by Cryptophyl. You can either buy it, or earn it for trading. There are airdrops of DROP every month for traders. DROP didn't have an ICO and 100% is given to users of Cryptophyl and the SLP community. One example was a 7000 DROP (~$3000) contribution to the recent SLP hackathon.

Cryptophyl.com was the first exchange to list some of the major SLP tokens and has become the most liquid exchange for trading SLP tokens and BCH.

It's been exciting to list several SLP tokens on Cryptophyl and to see the strong month-on-month growth in the SLP trading ecosystem and volume.

I saw some posts yesterday on this sub bashing SLP volume for being artificial or wash. It was interesting to see that the users involved in the chat didn't mention Cryptophyl. I'd like to point out that over the last two months we've seen an average daily SLP trading volume of just over $14k. Furthermore, we have a very strict anti-wash policy and don't count volume that we found as wash in that amount. All the growth we've seen in the market is fully organic.

As part of our mission to grow the token economy, we constantly strive to deliver value to our users. Over the last months we’ve received a lot of feedback about DROP. We’ve taken this feedback and combined it with our own innovative ideas to better the value proposition of DROP: from the issuance model to features for holders, we’ve redefined DROP token.

New changes to DROP token:

25% discount when using DROP to pay for trading fees
Earn up to 50% for referring users by holding a minimum of 1500 DROP in your account
New issuance model to distribute DROP over three years, increase scarcity and reward early adopters
Minimum airdrop amount introduced for holders of DROP

You can learn more about DROP here: https://blog.cryptophyl.com/blog/redefining-drop-cryptophyls-native-exchange-token/

Thanks!

Edited for formatting

submitted by /u/voltaire-semyon
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source https://www.reddit.com/r/btc/comments/e9k8nu/new_features_for_slpbased_airdrop_token_drop_drop/