Generally speaking, the Web3 community's understanding of tokens revolves mainly around their "asset properties". However, now that Smart Layer has given tokens "functional services", the concept of "programmable assets" has given tokens more room for imagination.

Related reading: "Smart Layer: Let Web3 Serve You".

In Smart Layer, users have all the rights to call and use "smart tokens", which can be used to access various third-party services. By transforming tokens from simple asset attributes to functional tokens, smart tokens not only enhance asset scalability, but also bring new development paths to fields such as Web3 games and loyalty programs. BlockBeats will introduce Smart Layer and its airdrop tutorial in this article.

Smart Layer Tutorial for Points

Currently, the Smart Layer's airdrop program is underway, and completing tasks and collecting points will have the opportunity to receive airdrop rewards of their token, SLN. As of the time of writing, there are already over 1 million independent wallet addresses participating in the activity, with over 16.4 million on-chain transactions.

Go to Smart Layer official website, click on "Register Early", enter your email to register. Then you will see task prompts and the points you already have (25 points).

Check your email for a message from Smart Layer and click "Active your pass". You will be redirected to the Smart Layer website's points page where you will have 50 points. Scroll down to the task page. The deadline for the Smart Layer Pass migration to the new Smart Layer network and earning 300 points was January 16th. However, there are other activities that can still earn you points, such as joining Discord, following the team's Twitter, and recommending others to join Smart Layer.

Smart Cats

Here we specifically introduce one of the tasks: holding NFT series "Smart Cats" and "SmartCat Loot". Users can purchase these NFT series on OpenSea (pay attention to distinguishing similar names) and bind the wallet holding NFT to the Smart Layer registered account to obtain points. As of the time of writing, the floor price of Smart Cats is 0.368 MATIC, and the trading volume has exceeded 32 ETH, making it the top NFT series on OpenSea last week. The floor price of SmartCat Loot is 0.25 ETH, and the trading volume has reached 74 ETH.

The exquisite design of the official Smart Cats not only allows you to hold NFTs, but also earn points by interacting with them. The Smart Cats NFT series, based on the new Smart Layer standard, embodies the imagination space of "smart tokens". Smart tokens can serve as a tool within the game to connect users and project parties. Users can call various functions encapsulated in tokens, such as completing specific tasks and achieving cross-game achievements within the project's digital services.

Therefore, Smart Cats is launched as an intelligent token on Polygon, which can run directly in the wallet like an application. Users can directly interact with Smart Cats without being redirected to a third-party website, including feeding, cleaning, inviting other Smart Cats to play, etc. Currently, users can connect their wallets holding NFTs on https://viewer.tokenscript.org/ and add the Smart Cats "token" to interact on the token interface. Clicking on Cat Bio allows users to view indicator progress.

According to reports, each interaction (Feed/Clean/Playdate) with Smart Cat earns 25 points, with a maximum of 15 times per day. Upgrading to a specific level can earn between 500 and 3500 points. In addition, starting from December 8, 2023, the community will distribute a cool cat every week for five weeks, and users can win it through a lottery. The higher the level of Smart Cat, the greater the chance of winning the lottery.

TokenScript + ERC-5169 Smart Tokens

Smart Layer integrates the concepts of TokenScript and the ERC-5169 standard. TokenScript was proposed by the AlphaWallet team in 2019 and is a programming interface designed specifically for tokenization. TokenScript is essentially a JavaScript code layer with XML tags that describes the elements related to tokens, such as attributes, logic, operations, and user interfaces. TokenScript files are issued and signed by the corresponding token issuers and can be imported by any service or device that integrates the TokenScript engine. Token issuers can add any information and rules to the tokens without being limited by smart contracts.

Based on this, the TokenScript interface not only helps users access all the functions of the token, but also allows for the creation of more advanced, complex, and flexible "user token" interactions. Tokens can seamlessly operate across different platforms and wallets, and can integrate all token information for easy asset management and understanding by users.

After that, TokenScript core developers proposed the Ethereum standard ERC-5169. ERC-5169 adds the scriptURI function to Token contracts, which is used to locate executable scripts related to tokens. This allows tokens to carry their own logic and behavior, greatly improving their interactivity. According to the ERC-5169 standard, scripts defined by TokenScript can be embedded in tokens, allowing these tokens to interact with various services and applications in the Web3 ecosystem.

Therefore, Smart Layer can be seen as a service layer that connects the blockchain world and traditional network services, providing support and incentives. By integrating smart tokens and bridging the tokenization of network services, Smart Layer can provide a better user experience and improve business efficiency. For token issuers, Smart Layer provides support for creating and managing programmable smart tokens, while for traditional network services, Smart Layer simplifies the tokenization process. It can be said that Smart Layer redefines the token economy to a certain extent, where tokens are no longer just assets with circulation properties, but can promote the development of the ecosystem by integrating rights, functions, and systems.

Currently, many Web2 traditional companies and Smart Layer have reached cooperation, and through TokenScript, digital assets will have their own Token front-end.

Smart Layer has gone through two rounds of financing totaling $12 million in 2021 and 2022, with investment institutions including HashKey Capital, Okx Ventures, SevenX Ventures, Mask Network, and Fubushi Capital.

On January 15th, Smart Layer launched its testnet and is expected to launch its mainnet in 2025. Despite being launched less than half a year ago, Smart Layer has already shown its potential for development. According to the team, Smart Cats attracted over 300,000 independent active wallets within just 60 days of its launch, becoming one of the popular games in the Polygon ecosystem. The Smart Layer Launchpad public beta, which was launched earlier this year, received over 1,000 developer applications in just 10 days.

The narrative route of telling stories around assets has already achieved several victories. It can be expected that in the new bull market, this new asset paradigm of "programmable assets" will bring a richer narrative space to Web3.

Reference reading:

Why do ERC-5169 and TokenScript need Smart Layer?

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