The sovereign microstate known as Liberland has recently minted a new token called merit (LLM) and the coin has been added to the Altilly exchange. Merit is a token built on top of the Bitcoin Cash chain and was issued using the Simple Ledger Protocol (SLP) on March 11. Since the Altilly listing, the token has gathered a market valuation of $1.1 and each LLM is swapping for more than $1 at press time.

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Liberland’s Mints Merit Tokens Using the Simple Ledger Protocol

Last October, Liberland revealed that it planned to issue a new cryptocurrency called merit and originally the micronation was going to use the Ethereum blockchain. However, Liberland has decided to create its merit (LLM) tokens using the Bitcoin Cash network coupled with the Simple Ledger Protocol (SLP). According to blockchain statistics, Liberland has created 1 million LLMs and started minting on March 11. Each token also has a website URL tethered to the coin’s metadata which leads to

Click to continue reading on its source location…

Source: https://thebitcoinnews.com/liberlands-merit-token-built-on-bitcoin-cash-captures-1m-market-cap/