Token

Layer Network

Generation

Smart Layer Network

<div class="intro-text">
 The Smart Layer Network team has <a href="https://launchpad.smartlayer.network/sln-portal" rel="noopener noreferrer nofollow">revealed </a>that an airdrop for the protocol’s native token, SLN, will be held on February 23..
</div>
The airdrop distribution plan and schedule, which was released alongside the <a href="https://www.smartlayer.network/tokenomics" rel="noopener noreferrer nofollow">protocol’s tokenomics documentation,</a> outlines specific allocations and lock-up periods for various stakeholders.&nbsp;
4% of the total supply of SLN is dedicated to the community, while marketing and collaborators receive 2.1911%.&nbsp;
A significant portion of the token supply, about 18.4%, is designated for the ecosystem fund, and it is scheduled to be released sequentially over 48 months. Another 20% is earmarked for the Token Generation Event (TGE), also subject to a 48-month gradual release.&nbsp;
Seed investors will receive 6.8125% of the total allocation, subject to a 6-month lock-up period and an 18-month gradual release of their shares. Other investors will be allocated 19.6364%, with a lock-up period of 6 months and a gradual release of shares over 12 months. The team and equity investors will receive 22.96% of the total allocation with a lock-up period of 6 months and a gradual release of shares over 36 months.
The release of the tokenomics documentation underscores Smart Layer Network’s dedication to fortifying its ecosystem through active community involvement. The tokenomics model is strategically crafted to reward users for their engagement, fostering a positive feedback loop that mutually benefits all participants.
According to tokenomics, SLN has a capped maximum supply of 100 million, and it plays a pivotal role in powering the network and enabling various features, including the Smart Layer Launchpad. The ERC-5169 token standard and TokenScript, developed in-house by Smart Layer Network, aim to enhance the liquidity and utility of tokens.
Meanwhile, <a href="https://www.okx.com/help/okx-to-list-smart-layer-network-sln-for-spot-trading" rel="noopener noreferrer nofollow">OKX has added the SLN token to its spot trading market.</a> At present, users can deposit SLN onto the platform, and spot trading for SLN/USDT is set to begin on February 23. Withdrawals for SLN will be available from February 24.
&nbsp;
If you want to read more news articles like this, visit <a style="color: #0000ff;" href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a style="color: #0000ff;" href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a style="color: #0000ff;" href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a style="color: #0000ff;" href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a style="color: #0000ff;" href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a style="color: #0000ff;" href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
The post <a href="https://defi-planet.com/2024/02/smart-layer-network-reveals-airdrop-plans-for-native-token/" rel="noopener noreferrer nofollow">Smart Layer Network Reveals Airdrop Plans for Native Token</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Smart Layer Network Reveals Airdrop Plans for Native Token

DeFi Planet

Other articles published on Feb 21, 2024

Binance Futures Introduces MAVIAUSDT with 50x Leverage

Bitcoin’s 19% Uptick in Market Depth and 10% Price Correction: Analyst Insights

Ripple CEO Weighs In on XRP ETF Rumors

Grok AI picks 3 cryptocurrencies to stay away from

Crypto custody rules tighten in Hong Kong, Investors to be affected?

Polygon Surges Past $1: Analyst Identifies Bullish Signals Propelling MATIC Towards $2

Join our free newsletter for daily crypto updates!