Smart Layer Network Price

(SLN)
USD($)
Smart Layer Network (SLN) Live Price Chart

Smart Layer Network Live Price Data

The live price of Smart Layer Network is $2.24, with a total trading volume of $ 46,538 in the last 24 hours. The price of Smart Layer Network changed by +10.9% in the past day, and its USD value has increased by +3.35% over the last week. With a circulating supply of 14,775,777 SLN, the market cap of Smart Layer Network is currently 50.8M USD, marking a --% increase today. Smart Layer Network currently ranks #-- in market cap.
How do you feel about Smart Layer Network today?
Note: This data is for reference only.
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Smart Layer Network(SLN) Profile

altRank--
rate--
Expand
Documentation
--
Contract
Ethereum 0xdb82c0...f14
Audited By
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Code & Community
Investors
--
$1.9700
$2.2600
$7.7600
-0.44%
+10.90%
+3.35%
$50.8M 
$7,605 
14,775,777
100,000,000

About SLN

How can I buy Smart Layer Network (SLN)?

Buying SLN on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Smart Layer Network (SLN) for more information.

What Is Smart Layer Network (SLN) Crypto?

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.

How Does Smart Layer Network Work?

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.

History of Smart Layer Network and SLN Coin

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.

How to Use SLN Token

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).

Smart Layer Network (SLN) Price Movements ($)
PeriodChangeChange (%)
Today$0.23411.67%
7 Days$-0.0549-2.38%
30 Days$-1.18-34.53%
3 Months$-0.7501-24.99%
24H Investment Barometer
24H
Strong Buy
The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning:Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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Smart Layer Network Conversion Rate
  • 1 SLN to USD$2.23
  • 1 SLN to EUR€2.1
  • 1 SLN to AUD$3.48
  • 1 SLN to KRW₩3,077.61
  • 1 SLN to JPY¥346.23
  • 1 SLN to GBP£1.8
  • 1 SLN to INR₨186.78
  • 1 SLN to IDRRp36,307.22
  • 1 SLN to CAD$3.07
  • 1 SLN to RUB₽209.25

FAQ

How much is 1 Smart Layer Network (SLN) worth?
KuCoin provides real-time USD price updates for Smart Layer Network (SLN). Smart Layer Network price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time SLN to USD exchange rates.
Is Smart Layer Network (SLN) a Good Investment?

Here are some key benefits of adding Smart Layer Network token to your crypto portfolio:

1. Digital Transformation and Efficiency: Smart Layer enables large Web2 companies to significantly improve customer experience and business efficiency through tokenization. This aspect is crucial as it unlocks the next wave of digital transformation, allowing for a seamless transition from traditional digital services to more integrated, tokenized solutions that enhance user engagement and operational efficiency​​.

2. Incentivized Participation: The network operates through a token-incentivized system, where service nodes are rewarded for their contribution and maintenance of the network's operations. This creates a robust ecosystem where participants are motivated to contribute their resources, ensuring the network's growth and sustainability​​.

3. Security and Efficiency: The Smart Layer Network is designed to be dynamic, secure, and efficient, with its architecture ensuring that smart contracts enforce token transaction rules effectively. The network consists of anchoring nodes and service nodes that work together to provide a stable and secure environment for token operations and integrations​​.

4. Accessibility and Integration: By facilitating easier server-side deployment, Smart Layer reduces the workload for Smart Token issuers and makes integration more straightforward for web service providers. This opens up new possibilities for mainstream Web2 use cases to leverage tokenization, thereby broadening the scope of blockchain and token technologies across various industries​​.

5. Future Growth Potential: The roadmap and strategic focus of Smart Layer Network on open loyalty solutions and the integration of Web2 smart tokens indicate a strong potential for growth. As the network continues to expand its use cases to include key verticals such as travel, automotive, events, and loyalty, investors have the opportunity to be part of a pioneering solution that bridges the gap between current digital services and future tokenized ecosystems​​.

What Is Smart Layer Network Price Prediction?

While the volatile nature of the crypto market makes it challenging to provide a reliable SLN crypto price prediction, you could monitor the following factors to better understand the price changes in the Smart Layer Network coin:

1. Market Adoption and Integration: The extent to which Smart Layer's technology is adopted by large Web2 companies and integrated into their systems could significantly impact the SLN price and demand. The project aims to improve customer experience and business efficiency through tokenization, which could drive adoption​​.

2. SLN Token Supply and Distribution: The total supply of SLN tokens is capped, with a certain percentage distributed among investors, Smart Token Labs, rewards, the Smart Layer DAO, and the early community. The allocation and distribution strategy can influence the token's market dynamics and the Smart Layer Network price​​.

3. Network Participation and Incentives: The Smart Layer operates through a token-incentivized network of service nodes. The mechanism for rewarding both anchoring and service nodes could affect the token's circulation and its attractiveness to potential participants, impacting the SLN to USD price​​.

4. Listing on Exchanges: The availability of SLN tokens on major exchanges can affect the $SLN price. For instance, the listing of SLN for spot trading on leading crypto exchanges like KuCoin increases its accessibility to a broader audience of traders and investors, potentially influencing demand and price movements​​.

5. Future Developments in the Smart Layer Network Roadmap: Innovations and improvements within the Smart Layer Network, such as the implementation of ERC-5169 & TokenScript, can have a significant impact on the token's utility and, by extension, the SLN crypto price. The technology's ability to transform token liquidity and utility for advanced token use cases is a critical factor​​.

6. Overall Crypto Market Trends: The broader market sentiment and trends in the cryptocurrency space can influence the price of SLN tokens. Bullish or bearish phases in the market can affect investor confidence and speculative interest in tokens like SLN.

How to Participate in Smart Layer Network Airdrop

To participate in the Smart Layer Network (SLN) airdrop, eligibility primarily revolves around users who engaged with the Smart Pass campaign and completed specific tasks. A total of 2% of the total SLN supply is allocated for the airdrop. The selection of eligible participants is based on a lottery system, ensuring a degree of randomness in the selection process. There are two tiers of eligibility:

1. Tier 1 targets the most active users and contributors, rewarding their engagement and contributions more directly.

2. Tier 2 provides a chance for all contributors to participate through a lottery system, broadening the opportunity for participation.

To claim the SLN airdrop, visit the Smart Layer airdrop claim page, submit your wallet address, and if eligible, you can claim free SLN tokens between 23 February and 23 March 2024. This process was designed to ensure that active community members and contributors had a chance to be rewarded for their engagement with the Smart Layer ecosystem.

There was an invitation-based approach to the airdrop, emphasizing the importance of early registration and active participation in community tasks and quests. Completing various quests, engaging in social media, adding wallets, and referring friends were among the activities that could have increased your chances of receiving the airdrop​​​​​​.

What is the all-time high price of Smart Layer Network (SLN)?
The all-time high price of Smart Layer Network (SLN) is $7.7600. The current price of SLN is down 0.71% from its all-time high.
What is the all-time low price of Smart Layer Network (SLN)?
The all-time low price of Smart Layer Network (SLN) is $2.2300. The current price of SLN is up 0.00% from its all-time low.
How much Smart Layer Network (SLN) is there in circulation?
As of 4 20, 2024, there is currently 14,775,777 SLN in circulation. SLN has a maximum supply of 100,000,000.
What is the market cap of Smart Layer Network (SLN)?
The current market cap of SLN is $50.8M. It is calculated by multiplying the current supply of SLN by its real-time market price of $50.8M.
How do I store Smart Layer Network (SLN)?
You can securely store your Smart Layer Network in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your SLN include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Sei (SEI) to cash?
You can instantly exchange your Sei (SEI) for cash using KuCoin's Fast Trade feature. This feature enables you to convert SEI to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.