Decentralized
Spice Tokens operate on the BCH blockchain, which is a decentralized, peer-to-peer network. This means that there is no central authority or intermediary controlling the tokens, making them more secure and resistant to censorship.
No supply increase
All SPICE tokens are in circulation. Adding new SPICE tokens (“mining or minting”) is impossible – it’s only possible to destroy SPICE tokens permanently (“token burning”)
No additional infrastructure required
SPICE tokens are SimpleLedger tokens – using the Bitcoin Cash network – no additional infrastructure is required. SPICE token transactions are verified by the Bitcoin Cash mining process.
Managed development fund
140 million units [as of July 2019] of SPICE are kept in reserve for future use and development. There is no need for a ‘fundraiser’.
Easy Acceptance
Accepting SPICE tokens is just as simple as accepting Bitcoin Cash. All supported wallets are free to download and use. Spice Tokens are designed to be easy to use and accessible to anyone with a BCH wallet that supports SLP tokens. This makes it simple for users to create, manage, and transfer their own tokens, making it possible for anyone to use them to express appreciation, reward users, and more.
Accessible
Spice Tokens are accessible to anyone with a BCH wallet that supports SLP tokens, making it possible for a wide range of people to use and benefit from them. This makes them a great option for users who are looking for a simple, accessible token that can be used for a variety of purposes.
Low Fees
Spice Tokens benefit from the low fees on the BCH blockchain, making it possible to transfer tokens quickly and inexpensively. This makes it possible for users to transfer tokens quickly and without incurring high fees, making it a cost-effective option for token transactions.