Not everyone is lucky enough to have access to the stock market and the ability to buy shares in successful corporations like Apple or Coca-Cola. Many impoverished and politically restricted areas make such participation impossible for those who live there. However, thanks to the ability to tokenize virtually anything via SLPs (Simple Ledger Protocol tokens) and also to pay dividends on these same assets, myriad new possibilities have emerged. One of which being tokenization of traditional stocks, so people with nothing more than a $20-dollar smartphone and an internet connection can participate.
Also Read: SLP Token Market Cap Surpasses $50 Million
How SLP Tokens Work
SLP tokens are built on the Bitcoin Cash blockchain and function similar to Ethereum’s ERC-20 protocol. Anyone can have fun making their own SLP for just a few cents in BCH, and through the new dividends tool, issue payments to holders of these tokens at any time, in whatever amount they would like. This creates an opportunity for a business to become its own mint…