Smart Layer Network Reveals Airdrop Plans for Native Token

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The Smart Layer Network team has revealed that an airdrop for the protocol’s native token, SLN, will be held on February 23..
The airdrop distribution plan and schedule, which was released alongside the protocol’s tokenomics documentation, outlines specific allocations and lock-up periods for various stakeholders. 
4% of the total supply of SLN is dedicated to the community, while marketing and collaborators receive 2.1911%. 
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. 
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, OKX has added the SLN token to its spot trading market. 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.
 
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The post Smart Layer Network Reveals Airdrop Plans for Native Token appeared first on DeFi Planet.