SLP is an emerging standard protocol for issuing secure tokens on the Bitcoin Cash blockchain. Anyone can issue their own token or coin within seconds. And with SLP, you can spend or trade tokens peer to peer, just like Bitcoin Cash itself.
The first and currently only BCH token system to support light wallets.
All transactions are 100% on the blockchain for full auditability by any party.
Many systems are complicated. SLP is easy to understand, giving users confidence.
A limited set of consensus rules makes the system reliable. A unique address format helps prevent loss of tokens.
Some token protocols have their own coin which you must first acquire in order to use other tokens. SLP runs directly on top of BCH.
You can use multi signature addresses and other Bitcoin script features with SLP tokens.
Choose from a fixed supply, 1-time issuance token, or multiple issuance tokens with a variety of options.
SLP tokens can be exchanged peer to peer with no trusted third party.
The protocol can be extended to support different types of tokens including those with issuer controlled whitelists for regulated securities.
The protocol and Electron Cash implementation of SLP are both free and open source.