Today, what exactly is the project @SmartLayer that opened on OKX? Airdropping 2% of the tokens, another group of people are going crazy.

Project background:

Smart Token Labs, formerly known as TokenScript, is an open-source middleware for programmable smart tokens and Web3 applications. It allows existing Web2 businesses to smoothly transition to Web3 and provides an ecosystem for programmable service networks for public chains. The platform provides token issuers with the ability to create and manage programmable smart tokens and simplifies the complex task of integrating web services with token functionality.

Financing situation:

Smart Token Labs raised an initial $6 million from multiple investors in July 2021 and secured another $6 million in financing in September 2022. Their project has completed support for the EVM public chain and launched the Smart Cat xNFT game and the ERC-5169 standard.

Technical highlights:

From a macro perspective, the technology of Smart Layer consists of three parts: public chain, anchoring node, and service node. From the user's perceptible perspective, the innovative technology structure of the three layers of Smart Layer can be divided into two major blocks:

• Smart Token ERC-5169: An innovative token standard issued on the EVM public chain, which brings interactivity to tokens while inheriting traditional token functionality.

• Smart Layer Network: A network layer that enables interactive tokens, which is a decentralized network infrastructure different from the public chain.

In addition to the Smart Layer ecosystem achievements displayed on the official website, Smart Layer is also committed to contributing to the Ethereum community. The team has released an open-source improved version of the ERC404 scheme, using TokenScript to provide an HTML-like front-end framework, standardizing the token front-end for ERC404, thereby achieving standardized token display and interaction. This improved protocol enhances security and user experience, and extends use cases beyond collectibles. Furthermore, the improved protocol enhances the visibility and control of token holders over the transfer of ERC-20 and ERC-721 tokens, and expands the use cases of ERC404. This improvement has made the market realize the scalable potential of Smart Layer technology itself and paved the way for future expansion of the Smart Layer ecosystem with more new technologies and narratives.

The total token supply is 1 billion, and $SLN is listed on OKX and KuCoin, with a circulation of 15.8%. Based on the opening price of 6U, the circulating market value is over 90 million. I can't buy the coins on OKX now, so I will go to KuCoin to buy them. Let's see how it performs in the future, and wait for a pullback before buying.

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