RATE Group | Toba Electric Bikes announces cryptocurrency partnership as 50 Cycles enters liquidation
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Toba Electric Bikes announces cryptocurrency partnership as 50 Cycles enters liquidation

11 Nov Toba Electric Bikes announces cryptocurrency partnership as 50 Cycles enters liquidation

Posted at 11:04h in Cryptocurrency News by

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Toba Electric Bikes has announced a commercial partnership with SLP-centric trading platform Cryptophyl.com, reports Bitcoin.com.

SLP (Simple Ledger Protocol) is an emerging standard protocol for issuing secure tokens on the Bitcoin Cash blockchain. Toba Electric Bikes, covered on CI.N last year, has invoked the first SLP token redeemable for physical goods, according to reports.

It appears Toba Distribution Limited (registered in February by Scott Snaith) is in the process of designing its own bike called the TOBA-T, set for release next year, though at present the website appears only to retail BH Bikes stock. Toba is exclusively accepting digital assets such as BCH (Bitcoin Cash), BTC and toba token, with users receiving a 10% discount on Toba bicycles and products using the token.

According to the company, the toba token will be spendable on 16 December, with Cryptophyl having disclosed $35,000 worth of toba tokens to be airdropped to drop holders.

Scott Snaith, founder and…

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