Developer Reveals Token Reward Platform Fueled by Bitcoin Cash

There’s a brand-new crypto platform called Honeypoints that simply launched for beta screening on Apple’s Testflight. The digital currency application developed by 2 previous workers intends to sustain merchant adoption with commitment benefits. The Honeypoints app is indicated to promote retail approval by satisfying consumers with distinct crypto tokens when they buy or program commitment.

Also Read: SLP Developers Publish Specs for a Unique Type of Non-Fungible Tokens

Honeypoints: An SLP Token Reward Platform Built on the Bitcoin Cash Network

Last week at the Try Swift conference in New York, previous software application engineer Jean-Baptiste Dominguez revealed a brand-new crypto-based benefits application powered by the Bitcoin Cash (BCH) chain called Honeypoints. The newest SLP job was also created by’s previous developer Alfonso Rocha, and both cofounders intend to “make cryptocurrencies offered to everybody.” The brand-new application is presently in beta for iOS gadgets and the Honeypoints group prepares to introduce around the world on Sep. 30. Basically, the Honeypoints platform functions as a crypto wallet that enables users to save BCH and Simple Ledger Protocol (SLP) tokens. But the application’s highlight enables anybody to build a commitment program that benefits patronage with SLP token rewards. At the Try Swift conference, guests got their very first look of the effective SLP procedure integrated with BCH and Dominguez informed the audience how merchants and brand names can produce Honeypoint reward programs.

“We empower companies and people to keep their consumers through a crypto-currency reward token — Coming quickly,” the site checks out.

Developer Reveals Token Reward Platform Fueled by Bitcoin Cash

After developing a custom-made Honeypoints card system merchants can reward crypto tokens to consumers who make purchases in-store or online. Retailers and brand names might also reward clients who share social networks posts on Twitter, deal with a defined job, and even be rewarded for just going to a site. Dominguez and the Honeypoints group wishes to see the SLP token system fully grown significantly with tokenization bringing the very same worth to the table as it made with Ethereum. While showing the brand-new platform, Dominguez informed the Try Swift guests that “you put on’t require an advancement group to have your enterprise-grade system for your most faithful consumers.” The software application engineer included:

We put on’t desire any person to be puzzled or terrified by the principle of cryptocurrencies. We simply desire them to take pleasure in the advantages of the innovation. Everything that we’ve done, from the principle to the app itself, is created to be useable for everybody immediately.

Developer Reveals Token Reward Platform Fueled by Bitcoin Cash
Software engineer Jean-Baptiste Dominguez at the Try Swift occasion in New York.

Testing Honeypoints Beta Version

Using the Honeypoints application is instinctive for anybody who has actually utilized a crypto wallet prior to, however it’s also easy enough for crypto beginners too. The wallet side of the app can save send out and get BCH, along with the capability to save SLP tokens in a noncustodial style. Honeypoints utilizes a four-digit PIN to protect the wallet and a mnemonic seed expression for backup and repair functions. The PIN is required if you wish to access the mnemonic’s 12-words and start a wallet repair procedure too. Right now, the beta wallet reveals you balances in BCH and SLP tokens and also lets you buy BCH for gas. If somebody arbitrarily sends you a token to your Honeypoints wallet, you can select if you wish to include it to the wallet’s balance or not. On the bottom right there’s a compass icon that states Discovery which demonstrates how individuals can make reward tokens by tweeting something from their Twitter account or dealing with another job. For circumstances, on the Honeypoints beta variation, there’s a “Spice Must Flow” job offered and if you share a meme from the Spicefeed on Twitter you get 200 spice.

Developer Reveals Token Reward Platform Fueled by Bitcoin Cash
A take a look at the beta variation of Honeypoints.

The beta variation also provides you the capability to create a brand-new SLP token from the wallet user interface by pushing the “Create token” tab. You can tailor the SLP token’s name, ticker, amount, variety of decimals, tether a file URL, and select if the minting baton will be active or not. Just like the remainder of the SLP applications out in the wild today, a little portion of BCH (gas) is required to produce tokens and send them too. The Honeypoints beta release from Apple’s Testflight also enables users to toggle in between the BCH livenet and testnet.

‘Bitcoin Cash Development and Awareness Is at an All-Time High’

The SLP environment has actually ended up being incredibly popular given that the summertime of 2018 and there’s an entire universe of concepts and token tasks in the making. There have actually been countless SLP tokens developed onchain and designers have actually even determined how to produce nonfungible SLP tokens and pay BCH dividend payments to token holders. At the Try Swift occasion in New York, Dominguez exposed the advantages of SLP tokens fueled by the BCH chain to a worldwide audience.

The Honeypoints creators think the presentation has actually revealed guests a real-world usage case that leverages cryptocurrency services. The Honeypoints engineers described in a news release on Sep. 12 that the group picked BCH since it’s “20X more affordable” than utilizing token systems that come from Ethereum. “Recent tests of the Bitcoin Cash blockchain also showed that it can deal with more deals than Ethereum while keeping its expenses low,” journalism release highlights. Moreover, the start-up stressed that a Honeypoints token benefits system is friendlier to the environment than developing paper benefits programs.

Seeing the SLP system fully grown substantially, and after the Bitcoin Cash City conference in North Queensland, Australia, the Honeypoints developers Dominguez and Rocha think “Bitcoin Cash advancement and awareness is at a perpetuity high.” To them, it’s the ideal time to introduce the crypto rewards platform and the group is presently onboarding their very first merchants and brand names through the Honeypoints beta Telegram group. You can follow the Tokyo-based start-up’s Twitter page for upcoming statements on when the application goes for completion of the month. SLP platforms are appearing left and right nowadays, and the benefits system is another token job constructed utilizing the BCH chain in a unique way.

What do you think of the Honeypoints application? Let us understand what you think of this application in the comments area below.

Image credits: Shutterstock, Honeypoints, Pixabay, and Twitter.

Did you understand you can confirm any unofficial Bitcoin deal with our Bitcoin Cash Block Explorer tool? Our block explorer can also search the SLP universe of tokens too. Simply total a Bitcoin Cash or SLP token address to see it on the blockchain. Plus, check out our Bitcoin Charts to see what’s taking place in the market.

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