Developer Reveals Token Reward Platform Fueled by Bitcoin Cash

Developer Reveals Token Reward Platform Fueled by Bitcoin Cash

There’s a brand new crypto platform known as Honeypoints that simply launched for beta testing on Apple’s Testflight. The digital foreign money software created by two former staff goals to gasoline service provider adoption with loyalty rewards. The Honeypoints app is supposed to stimulate retail acceptance by rewarding clients with distinctive crypto tokens once they make a purchase order or present loyalty.

Additionally Learn: SLP Builders Publish Specs for a Distinctive Sort of Non-Fungible Tokens

Honeypoints: An SLP Token Reward Platform Constructed on the Bitcoin Money Community

Final week on the Strive Swift convention in New York, former software program engineer Jean-Baptiste Dominguez unveiled a brand new crypto-based rewards software powered by the Bitcoin Money (BCH) chain known as Honeypoints. The newest SLP undertaking was additionally designed by’s former developer Alfonso Rocha, and each cofounders purpose to “make cryptocurrencies accessible to everybody.” The brand new software is at present in beta for iOS gadgets and the Honeypoints group plans to launch worldwide on Sep. 30. Mainly, the Honeypoints platform acts as a crypto pockets that enables customers to retailer BCH and Easy Ledger Protocol (SLP) tokens. However the software’s principal function permits anybody to assemble a loyalty program that rewards patronage with SLP token rewards. On the Strive Swift convention, attendees received their first glimpse of the highly effective SLP protocol mixed with BCH and Dominguez advised the viewers how retailers and types can create Honeypoint reward applications.

“We empower companies and people to retain their clients by way of a crypto-currency reward token — Coming quickly,” the web site reads.

Developer Reveals Token Reward Platform Fueled by Bitcoin Cash

After making a customized Honeypoints card system retailers can reward crypto tokens to clients who make purchases in-store or on-line. Retailers and types may additionally reward patrons who share social media posts on Twitter, deal with a specified activity, and even be rewarded for merely visiting an internet site. Dominguez and the Honeypoints group hopes to see the SLP token system mature tremendously with tokenization bringing the identical worth to the desk because it did with Ethereum. Whereas demonstrating the brand new platform, Dominguez advised the Strive Swift attendees that “you don’t want a growth group to have your enterprise-grade system in your most loyal clients.” The software program engineer added:

We don’t need anyone to be confused or scared by the idea of cryptocurrencies. We simply need them to get pleasure from the advantages of the know-how. Every part that we’ve achieved, from the idea to the app itself, is designed to be useable for everybody immediately.

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

Testing Honeypoints Beta Model

Utilizing the Honeypoints software is intuitive for anybody who has used a crypto pockets earlier than, nevertheless it’s additionally easy sufficient for crypto newcomers as effectively. The pockets aspect of the app can retailer ship and obtain BCH, alongside the power to retailer SLP tokens in a noncustodial trend. Honeypoints makes use of a four-digit PIN to safe the pockets and a mnemonic seed phrase for backup and restoration functions. The PIN is required if you wish to entry the mnemonic’s 12-words and provoke a pockets restoration course of as effectively. Proper now, the beta pockets reveals you balances in BCH and SLP tokens and in addition allows you to buy BCH for gasoline. If somebody randomly sends you a token to your Honeypoints pockets, you may select if you wish to add it to the pockets’s steadiness or not. On the underside proper there’s a compass icon that claims Discovery which reveals how folks can earn reward tokens by tweeting one thing from their Twitter account or dealing with one other activity. As an example, on the Honeypoints beta model, there’s a “Spice Should Circulate” activity accessible and for those who 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 model of Honeypoints.

The beta model additionally offers you the power to forge a brand new SLP token from the pockets interface by urgent the “Create token” tab. You may customise the SLP token’s title, ticker, amount, variety of decimals, tether a doc URL, and select if the minting baton will probably be energetic or not. Identical to the remainder of the SLP purposes out within the wild immediately, a small fraction of BCH (gasoline) is required to create tokens and ship them as effectively. The Honeypoints beta launch from Apple’s Testflight additionally permits customers to toggle between the BCH livenet and testnet.

‘Bitcoin Money Growth and Consciousness Is at an All-Time Excessive’

The SLP ecosystem has turn into extremely popular because the summer season of 2018 and there’s a complete universe of concepts and token initiatives within the making. There have been hundreds of SLP tokens created onchain and builders have even discovered the way to create nonfungible SLP tokens and pay BCH dividend funds to token holders. On the Strive Swift occasion in New York, Dominguez uncovered the advantages of SLP tokens fueled by the BCH chain to a worldwide viewers.

The Honeypoints founders consider the demonstration has proven attendees a real-world use case that leverages cryptocurrency options. The Honeypoints engineers defined in a press launch on Sep. 12 that the group selected BCH as a result of it’s “20X cheaper” than utilizing token techniques that stem from Ethereum. “Current checks of the Bitcoin Money blockchain additionally proved that it could deal with extra transactions than Ethereum whereas retaining its prices low,” the press launch highlights. Furthermore, the startup emphasised {that a} Honeypoints token rewards system is friendlier to the atmosphere than creating paper rewards applications.

Seeing the SLP system mature considerably, and after the Bitcoin Money Metropolis convention in North Queensland, Australia, the Honeypoints creators Dominguez and Rocha consider “Bitcoin Money growth and consciousness is at an all time excessive.” To them, it’s the right time to launch the crypto rewards platform and the group is at present onboarding their first retailers and types through the Honeypoints beta Telegram group. You may observe the Tokyo-based startup’s Twitter page for upcoming bulletins on when the applying launches on the finish of the month. SLP platforms are showing left and proper today, and the rewards system is one other token undertaking constructed utilizing the BCH chain in a singular method.

What do you consider the Honeypoints software? Tell us what you consider this software within the feedback part beneath.

Picture credit: Shutterstock, Honeypoints, Pixabay, and Twitter.

Do you know you may confirm any unconfirmed Bitcoin transaction with our Bitcoin Cash Block Explorer tool? Our block explorer may search the SLP universe of tokens too. Merely full a Bitcoin Money or SLP token deal with to view it on the blockchain. Plus, go to our Bitcoin Charts to see what’s occurring within the business.

Tags on this story
Alfonso Rocha, App, software, BCH, BCH Chain, bitcoin money, Bitcoin Money Block Explorer, Demo, demonstration, Builders, Growth, Honeypoints, Jean-Baptiste Dominguez, the big apple, Noncustodial, platform, Easy Ledger Protocol, SLP, SLP tokens, SLP Universe, Spice Token, Spicefeed, Token Rewards, tokenization, Strive Swift convention, Pockets

Jamie Redman

Jamie Redman is a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open supply code, and decentralized purposes. Redman has written hundreds of articles for in regards to the disruptive protocols rising immediately.

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