Smart Layer Network Price

Smart Layer Network (SLN) is a groundbreaking technology leveraging blockchain to address the challenges of integration, privacy, and trust in the digital world. It introduces a new layer of integration that facilitates trustless token logic, which is instrumental in creating a tokenized web with unlimited integration possibilities. The Smart Layer is a programmable blockchain-based service network designed to execute token logic, enabling complex interactions across various systems and tokens in a decentralized, scalable, and secure manner.

The Smart Layer serves as an essential component for the next generation of the web, acting as the integration bus that allows limitless integrations. It is comprised of a network of nodes that work collaboratively to provide token integration services enabled by TokenScript. This infrastructure not only supports limitless integration but also ensures privacy and security by managing the accounting, issuance, revocation, or expiration of tokens within digital environments.

One of the key features of the Smart Layer is its ability to transform goods, services, and digital rights into programmable tokens, thereby enabling seamless integration, creating a frictionless market, and empowering users across digital ecosystems. It also plays a crucial role in bridging AI and the web, fostering a more dynamic, secure, and decentralized way for AI to interact with web resources.

The Smart Layer Network (SLN) operates through a programmable blockchain-based service network that facilitates the execution of token logic, allowing for complex interactions across various systems and tokens in a decentralized, scalable, and secure manner. Here's a breakdown of how it works:

1. Integration Layer for Trustless Token Logic: Smart Layer introduces a layer of integration that enables trustless execution of token logic. This is crucial for creating a tokenized web with unlimited integration potential, addressing the challenges of integration, privacy, and trust in the digital landscape.

2. Programmable Tokens: The network uses Smart Tokens, which are programmable blockchain-based entities encapsulating business logic. This enables complex interactions with various systems and other tokens in a self-contained, interoperable format. Tokenization transforms goods, services, and digital rights into programmable tokens, facilitating seamless integration and user empowerment across digital environments.

3. Decentralized Service Network: It extends the concept of distributed service networks by incorporating an execution component, similar to AWS Lambda, but in a decentralized manner. This enables read/write connections to blockchain and token issuer systems, enhancing the web's capabilities for seamless and secure token interactions.

4. Node Network: Smart Layer’s infrastructure consists of a network of nodes that collaborate to provide token integration services. These nodes are incentivized through a token economy model to maintain their online presence and provide services, ensuring the network's scalability and security.

5. TokenScript Enabled: The integration and execution of token logic are enabled by TokenScript, a technology that allows tokens to be smart, managing their accounting, issuance, revocation, or expiration within digital environments securely.

6. AI and Web Connectivity: Smart Layer acts as a connective tissue between AI and the web, offering a less centralized and more secure method for AI to access and interact with the web. This is achieved through the protocol's decentralized network of nodes, providing a dynamic and secure infrastructure for web functionalities.

The founders of Smart Layer Network (SLN) are:

> Victor Zhang: CEO & Co-founder, with experience as a serial entrepreneur who had a previous startup successfully acquired by eBay.

> Weiwu Zhang: CTO & Co-founder, holding expertise as an R3 Architect and previously served as the lead blockchain architect at Australia's largest bank.

> James Brown: Lead Dev & Co-founder, bringing experience from gaming and blockchain, having previously worked at Nintendo and as a blockchain architect.

The Smart Layer Network has been in development since 2017, working to build a tokenized web. The project has formed partnerships with Alchemy Pay, Ethereum Foundation, Immutable, LayerZero, Polygon, Tencent, and WalletConnect over the years.

The following are the use cases for the $SLN token:

1. Fuel the Network: The SLN token drives the operations of the Smart Layer network, facilitating the execution of token logic and enabling complex interactions across various systems and tokens in a decentralized, scalable, and secure manner​​.

2. Incentivize Participation: Nodes within the Smart Layer network are incentivized with SLN tokens to contribute their resources and maintain the network. This includes both anchoring nodes, which verify the performance of service nodes and enforce service level agreements, and service nodes, which distribute work and provide TokenAPIs for integrations​​.

3. Enforce Service Level Agreements: The SLN token is integral to enforcing service level agreements within the network, ensuring that service nodes meet the required standards of performance and reliability​​.

4. Bootstrap the Network: The token is used to bootstrap the network and incentivize participation, with the demand for the token primarily driven by mainstream Web2 use cases. This positions the SLN token as a foundational element in the transition towards an integrated web based on Smart Tokens, facilitating easier server-side deployment and reducing the workload for Smart Token issuers​​​​.

5. Support Advanced Tokenization and Web Integration: Smart Layer aims to improve customer experience and business efficiency through tokenization for large Web2 companies, highlighting the token's role in unlocking the next wave of digital transformation and integration between Web2 and Web3 platforms​​.

6. Trade SLN on KuCoin: Trade Smart Layer Network crypto against other digital assets on the KuCoin Spot Market to profit from changing market conditions and volatility. Buy or sell SLN or hold the token long-term if you believe in the future potential of the Smart Layer Network project, but only after doing your own research (DYOR).