Smart Layer Network Unveils SLN Tokenomics, Will Allocate 4% of Community Incentive Pool to Community
In Brief
Smart Layer Network launched native token SLN and unveiled its tokenomics while also revealing details of an upcoming airdrop.
Programmable service network Smart Layer Network (SLN) released the tokenomics for its native utility and governance token, SLN, coinciding with the disclosure of an upcoming airdrop. The airdrop is expected to distribute 2% of the total supply of SLN, while the airdrop collection is scheduled to commence on February 23.
Smart Layer’s SLN token is crucial in securing and powering its network and facilitating various tools within the ecosystem, including the Smart Layer Launchpad. The SLN token has a maximum supply of 100 million, with multiple allocations for different stakeholders.
According to the publication, seed investors will receive 6.8125%, subject to a 6-month lock-up and an 18-month linear unlock. In comparison, other investors are allocated 19.6364%, with a 6-month lock-up and a linear unlock over 12 months. The team and equity investors get 22.96%, with a 6-month lock-up and a linear unlock over 36 months.
From February 1, 2025, node rewards are allocated 20% and will be released on the same day.
The ecosystem fund is allocated 18.4%, and in accordance with the token generating event (TGE), 20% will be allocated, and it is linearly unlocked over 48 months. Moreover, the treasury/reserve and community incentive pool will receive 4%, with TGE allocated 100%. Marketing and collaborators receive 2.1911%, with TGE allocated 100%.
Smart Layer Network Advances Ecosystem Growth
Operating as a programmable blockchain-based service network, Smart Layer Network facilitates the execution of token logic that enables interactions with diverse systems and tokens in a decentralized, scalable, and secure manner. In January, its testnet went live in Alpha.
Smart Layer Network offers a range of tools, technologies, and standards designed to facilitate the widespread adoption of token front-ends. It develops the ERC-5169 token standard and TokenScript, introducing a token front-end that enhances liquidity and utility. This technology has been implemented on a large scale with Smart Cats, achieving over 22 million blockchain transactions and serving more than 500,000 users.
Recently, cryptocurrency exchange OKX included Smart Layer Network in its spot trading market. Deposits for SLN tokens are slated to open today, with the commencement of SLN/USDT spot trading scheduled for February 23. Withdrawals for SLN will be accessible starting from February 24.
With the introduction of tokenomics, Smart Layer Network highlights its commitment to enhancing its ecosystem with community contributions.
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Alisa is a reporter for the Metaverse Post. She focuses on investments, AI, metaverse, and everything related to Web3. Alisa has a degree in Business of Art and expertise in Art & Tech. She has developed her passion for journalism through writing for VCs, notable crypto projects, and scientific writing. You can contact her at alisa@mpost.io
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Alisa is a reporter for the Metaverse Post. She focuses on investments, AI, metaverse, and everything related to Web3. Alisa has a degree in Business of Art and expertise in Art & Tech. She has developed her passion for journalism through writing for VCs, notable crypto projects, and scientific writing. You can contact her at alisa@mpost.io
