During the last week, Bitcoin Cash proponents have been discussing Zapit, the noncustodial BCH wallet that also supports Simple Ledger Protocol (SLP) tokens. Zapit’s team recently revealed on Twitter that developers have been working with a new dividends tool built into the mobile wallet.
Zapit is a bitcoin cash (BCH) wallet that was released on the Google Play store roughly five months ago. The wallet also supports SLP tokens and the team aspires to “build the best on and off-ramp to cryptocurrencies from traditional finance.”
According to the Google Play store description, the client is still in beta and is “powered by a noncustodial escrow.”
Additionally, Zapit leverages the cashaccounts protocol, which allows the wallet’s owner to send bitcoin cash (BCH) to other Zapit users by simply entering their username. Zapit also registers a new cashaccounts name with either an existing name or a new one.
The developers have also added a referral program that rewards users with the firm’s custom SLP token ZAPT.
On September 5, the Zapit team’s Twitter account announced that the wallet’s latest update 0.1.8.6 is now live. Further, the team detailed it was working on a new dividends tool that disperses coins to a number of individuals.
“We have been working on a new dividends tool that’s built right into the wallet and it’s highly customisable and automated,” Zapit detailed. “We are coordinating with a few token projects to demo the tool,” the announcement added.
The Twitter thread continues by showing a demo of the new tool. “Here is a demo of sending a BCH Dividend to ZAPT holders with custom options,” the team said. “The total supply is re-calculated based on the total tokens held by the addresses that will receive the dividend instead of the total supply of the token.”
In the demo, the Zapit developers sent an airdrop of ZAPT to 900 addresses spread over 50 transactions. Bitcoin.com also offers a dividend tool at mint.Bitcoin.com and among the myriad of services offered via tools.Bitcoin.com.
What do you think of Zapit’s dividend tool demo? Let us know in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.