About Smartlands Network
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FAQ
Smartlands Network (SLT) is a blockchain solution that regulates and simplifies the trading of assets in the financial market. The platform was created on the Stellar Network, an open-source blockchain providing affordable and flexible funding solutions. Smartlands Network wishes to support the on-chain development of the real estate industry. Hence, the network issues tokens while encouraging retail capitalists to participate in the trading of assets. Banks, exchanges, and asset managers prefer implementing affordable solutions to regulate assets and simplify transactions. This is why Smartlands Network seeks to provide comprehensive and customized blockchain solutions to offer effective trading solutions to users.
As its website mentions, Smartlands Network aims to bring together financial institutions, retail capitalists, and value-adding assets into a global blockchain. Technological hurdles and regulatory restrictions prevent capitalists from putting funds in an economy backed by revenue-generating assets. The network plans to unlock liquidity and improve infrastructure to facilitate seamless trading of assets. Smartlands Network seeks to assist banks and classic financial firms in conducting quick transaction settlements, lesser charges on transactions, and better liquidity by using the advantages of a distributed ledger technology or blockchain. Since the platform focuses on increasing liquidity, Smartlands Network allows easy transfer of cryptocurrency assets across blockchains. For example, the platform ensures a secure exchange of assets on Stellar and other blockchains like Ethereum and Tezos.
The Smartlands Network uses SLT as the native currency of the platform. The utility token powers the internal economy of the platform. All network participants can clear off transaction charges using SLT. The Smartlands Network encourages participants to continue staking SLT and earn token rewards in return. Whatever revenue is generated on the Smartlands Network, one-third of the earnings are distributed as rewards to the SLT holders. SLT holders can vote and decide on the minimum value of token staking.
The development and enhancements of Smartlands Network are supported by the non-profit organization of Smartlands Platform Foundation. The maximum supply of SLT is 7.1 million tokens.
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