Smart Layer announces the issuance of the token SLN, eligibility for application has not yet been disclosed.

The Smart Layer Network, with integration as its core, announced today at noon that it will airdrop the SLN token. The airdrop will start at 3:00 PM on 2/23 and the claiming period will last for one month. Eligibility criteria have not been disclosed yet. Please be cautious of the risks of fraud and phishing websites.

This article is not investment advice.

Introduction to Smart Layer

Smart Layer aims to address the integration issues between Web2 and Web3, providing a new integrated network layer. It adds more diverse and flexible operational logic beyond existing smart contracts, enhancing the utility and application scenarios of tokens.

Within Smart Layer, in addition to token smart contracts, there is a way to provide operational logic outside of the contract layer through a markup language called TokenScript. This allows traditional service providers and applications to read or operate specific token logic, thereby achieving the final integration of Web2 and Web3 services.

The team refers to these tokens with new functionalities as Smart Tokens, which can be better integrated with external applications.

Recommended reading: What is Smart Layer? How does it combine Web3 with real-life scenarios?
Reason for recommendation: Provides a clear understanding of how Smart Layer can add more token functionalities without modifying existing smart contracts, making the future practical applications of Web3 more concrete.

Details of SNL Token

Basic Information

• Name: SLN
• Mainnet: Ethereum
• Address: Not disclosed
• Total Supply: 100 million tokens

Token Distribution and Unlocking Schedule

• Seed investors: 6.8125%, locked for 6 months, linear unlocking within 18 months.
• Other investors: 19.6364%, locked for 6 months, linear unlocking within 12 months.
• Team: 22.96%, locked for 6 months, linear unlocking within 36 months.
• Node rewards: 20%, released starting from January 2, 2025, with a decaying release amount over time, starting from a 9% currency inflation rate.
• Ecosystem fund: 18.4%, TGE 20%, remaining unlocked linearly within 48 months.
• Treasury reserve: 4%, TGE 100%
• Community rewards pool: 4%, TGE 100%
• Marketing and partnership: 2.1911%, TGE: 100%
• Airdrop: 2%, TGE: 100%

On the token issuance date, approximately 15.87% of tokens will be released, which is around 15.87 million SLN tokens.

Value of SNL Token

The native token of Smart Layer's network is SLN, which is used for staking to protect network security and for governing token usage.

SLN Airdrop

There is currently no clear explanation on eligibility for receiving SLN token airdrops, but community speculation and Smart Layer Pass credentials-related activities suggest that users can still register by entering an email and completing tasks to earn points, which can then be transferred to the Smart Layer mainnet.

This article is not investment advice.