Bitcoin Cash Developer Releases New SLP Agora Auction Console for Onchain Token Trading
SLP has received a great deal of popularity. Those who use it have created tokens, some of which are sold on exchanges. Tobias Ruck, a software developer, recently introduced a new platform that he has been working on called SLP Agora. The project is an onchain trading console that is written in Rust. It permits users to auction SLP tokens in return for bitcoin cash.
The platform is open source and it uses smart contracts for the auctions using OP_Checkdatsig opcode. This opcode was added in November. Ruck explains in a News.Bitcon.com article that the application uses a “nifty trick” that has been outlined by Tendo Pein, another software developer. Ruck continues,
“SPL Agora is a simple trading platform written in Rust where you can put your favorite tokens up for auction – all on the BCH blockchain.”
In addition, Ruck hosted live steam that presents other BCH developers on how the market works. Ruck shared “So far, it’s only an interactive console application (not pretty but easy to use), however, I hope there will be enough interest and support in the community that we’re able to build a nice intuitive web interface and create an extensible protocol.”
He also warned that there could be bugs due to the newness of the application and that people should consider using a small fraction of funds currently. Also, despite the experimental nature, the application is “surprisingly flawless.” And at this time, the application’s nature as a Simple Ledger Protocol only enables users to place, but not sell orders.