Crypto 360°

Sunday, 10 April 2022

Have SLP tokens losing their value in the SmartBCH world?

A couple of days ago I made this post about flexUSD, where I asked 'Do you use flexUSD?' and the response favored the SEP20 tokens over SLP tokens.

I myself personally prefer SEP20 tokens where as SLP token kind hard to interact with.

Even before SmartBCH was a thing, the SLP or the Simple Ledger Protocol was the smart chain for BCH, with NFTs and tokens that came along it.

However, I had never brought any because I always found it hard to do anything with it since there was a limited platform and utility.

Then SmartBCH happened and being an EVM sidechain it changed everthing.

The Impact of it: on SideShift there use to be a small selection of SLP tokens that you could have exchanged for different coins or tokens. However, a couple of weeks ago SLP tokens became 'Temporarily Disabled' and now they have been removed from it completely.

I still hold some flexUSD for the interest the wallet provide, which I had recently converted from SEP20 token to SLP of about $10 (Don't laugh, I am poor. Ok) just for the sake of it all. I have got about 0.5% back in 1 month as interest for now.

Now, apart from CoinFlex exchange I don't have any other way to change my SLP token to either mainnet BCH or SEP20 token.

While this is all for fun and games I still wonder would SLP tokens still exist in the time to come?

Suppose if my $10 in flexUSD becomes $11 from interest would I still be about to use it?

submitted by /u/that_one_indian_dude
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source https://www.reddit.com/r/btc/comments/tzyvh2/have_slp_tokens_losing_their_value_in_the/

Payments Giant Cash App Allows Users To Get Paid in Bitcoin (BTC)

Mobile payments titan Cash App is launching a new feature that will allow users to get paid in the leading crypto asset Bitcoin (BTC).

Speaking at the Bitcoin 2022 conference in Miami, Cash App’s crypto product lead Miles Suter says that the payments app has rolled out its ‘Paid in Bitcoin’ feature, allowing customers to immediately convert their direct deposits into the top crypto asset by market cap for free.

submitted by /u/Proud-Discipline9902
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