Developer Reveals Token Reward Platform Fueled by Bitcoin Money

There’s a brand new crypto platform known as Honeypoints that simply launched for beta testing on Apple’s Testflight. The digital forex software created by two former staff goals to gas service provider integration with loyalty rewards. The Honeypoints app is supposed to stimulate retail acceptance by rewarding users with distinctive crypto tokens after 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 System

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 most recent SLP establishment was additionally designed by’s former developer Alfonso Rocha, and each cofounders goal to “make cryptocurrencies out there to everybody.” The brand new software is at present in beta for iOS gadgets and the Honeypoints workforce plans to launch worldwide on Sep. 30. Principally, the Honeypoints platform acts as a crypto pockets that permits customers to retailer BCH and Easy Ledger Protocol (SLP) tokens. However the software’s major characteristic permits anybody to assemble a loyalty program that rewards patronage with SLP token rewards. On the Strive Swift convention, attendees acquired their first glimpse of the highly effective SLP protocol mixed with BCH and Dominguez informed the viewers how retailers and types can create Honeypoint reward packages.

“We empower companies and people to retain their users by means 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 users 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 job, and even be rewarded for merely visiting an internet site. Dominguez and the Honeypoints workforce hopes to see the SLP token system mature enormously with tokenization bringing the identical worth to the desk because it did with Ethereum. Whereas demonstrating the brand new platform, Dominguez informed the Strive Swift attendees that “you don’t want a improvement workforce to have your enterprise-grade system on your most loyal users.” 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 mechanism. Every part that we’ve completed, 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, however it’s additionally easy sufficient for crypto newcomers as nicely. The pockets facet 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 nicely. Proper now, the beta pockets exhibits you balances in BCH and SLP tokens and in addition permits you to buy BCH for gasoline. If somebody randomly sends you a token to your Honeypoints pockets, you possibly can 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 exhibits how folks can earn reward tokens by tweeting one thing from their Twitter account or dealing with one other job. As an illustration, on the Honeypoints beta model, there’s a “Spice Should Circulate” job out there and in case you share a meme from the Spicefeed on Twitter you get 200 spice.

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

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

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

The SLP mechanism has grow to be highly regarded because the summer time of 2018 and there’s a entire universe of concepts and token initiatives within the making. There have been hundreds of SLP tokens created onchain and builders have even found out 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 imagine the demonstration has proven attendees a real-world use case that leverages virtual currency options. The Honeypoints engineers defined in a press launch on Sep. 12 that the workforce selected BCH as a result of it’s “20X cheaper” than utilizing token methods that stem from Ethereum. “Latest assessments of the Bitcoin Money digital database additionally proved that it will probably deal with extra swaps than Ethereum whereas holding its prices low,” the press launch highlights. Furthermore, the startup emphasised {that a} Honeypoints token rewards system is friendlier to the setting than creating paper rewards packages.

Seeing the SLP system mature considerably, and after the Bitcoin Money Metropolis convention in North Queensland, Australia, the Honeypoints creators Dominguez and Rocha imagine “Bitcoin Money improvement and consciousness is at an all time excessive.” To them, it’s the right time to launch the crypto rewards platform and the workforce is at present onboarding their first retailers and types by way of the Honeypoints beta Telegram group. You possibly can comply with the Tokyo-based startup’s Twitter web page for upcoming bulletins on when the appliance launches on the finish of the month. SLP platforms are showing left and proper today, and the rewards system is one other token establishment 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 under.

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

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