1. What is SLN?

Introduction to SLN Cryptocurrency

Smart Layer Network (SLN) is a cryptocurrency, but specific introductory details are not clearly mentioned in the provided search results. Below is general information about cryptocurrencies:

• Basic Concept of Cryptocurrency: Cryptocurrency is a type of digital currency that uses cryptographic techniques to secure transactions and control the creation of new units. They typically operate under a decentralized control mechanism, recording transactions through blockchain technology.
• Features of Cryptocurrency: Cryptocurrencies have a trustless characteristic, meaning that the parties involved in a transaction do not need to know each other or rely on a third-party institution for the transaction. Blockchain technology ensures the security and transparency of transactions.
• Applications of Cryptocurrency: Cryptocurrencies can be used in various scenarios, including payments, investments, and smart contracts. They can also facilitate cross-border transactions, reducing the constraints of traditional financial systems.

For specific information about SLN, it is advisable to refer to the relevant official website or technical documentation for a more detailed introduction.

2. Who founded SLN?

According to the provided search results, it is not possible to directly determine the founder of Smart Layer Network (SLN). These results mainly offer information on SLN's tokenomics, price information, airdrop plans, etc., but do not explicitly mention the name or organization of the founder. Therefore, a specific answer cannot be provided.

3. Which venture capitalists invested in SLN?

Based on the provided search results, there is no direct mention of which venture capitalists invested in the cryptocurrency SLN. SLN is the token of Smart Layer Network, and relevant information is mainly noted, but details about specific investors are not available.

If you seek to know the investors of SLN, it is recommended to directly visit the official website of Smart Layer Network or reliable news sources for the latest information.

4. How does SLN operate?

Operating Mechanism of SLN Cryptocurrency:

1. Value Capture: The design of the SLN token aims to achieve value capture across the entire Smart Layer ecosystem, including Smart Layer Network, Smart Layer Launchpad, and all related tools and technologies.

2. Functional Uses: SLN plays three foundational functional roles across the ecosystem:

3. Staking: Projects and users can earn SLN rewards, SLN fees, enjoy usage discounts, sales price discounts, participate in governance voting, or qualify for Launchpad projects through staking.

4. Payments: Projects and users can use SLN to pay for the usage fees of tools, networks, or Launchpad, as well as rental services.

5. Gas Fees and Transaction Fees: All transaction fees incurred on tools, Launchpad, and networks are charged in SLN, similar to how Ethereum charges for Gas fees.

6. Optimisation of Circulating Supply: The Smart Layer ecosystem controls the circulating supply through these functionalities and has established a model aimed at promoting healthy prices and ecosystem growth.

7. Demand-Driven: Demand mainly stems from the application of the ecosystem's four key components, as well as the participation and benefits obtained by stakers, project parties, developers, and token holders in various ways. These interactions will generate fees in the form of SLN for stakers, project parties, and Smart Layer itself. The four key components include:

8. ERC-5169 standard tools

9. TokenScript framework tools

10. Smart Layer Launchpad

11. Smart Layer Network.

In summary, SLN cryptocurrency achieves value capture and optimizes circulating supply through its multiple functions and applications within the Smart Layer ecosystem, driving demand and growth across the entire ecosystem.