In general, the Web3 community's understanding of Tokens primarily revolves around their "asset properties." However, now that Smart Layer has endowed tokens with "functional services," the concept of "programmable assets" opens up more imaginative possibilities for tokens.

Related reading: “Smart Layer: Making Web3 Work for You”

In Smart Layer, users have all the rights to call and use "smart tokens," allowing them to access various third-party services. By transforming tokens from simple asset properties into functional tokens, smart tokens enhance asset scalability while also bringing new development paths to areas such as Web3 gaming and loyalty programs. ChainCatcher will introduce Smart Layer and its airdrop tutorial in this article.

Smart Layer Points Tutorial

Currently, the Smart Layer points airdrop program is underway, and completing tasks and collecting points will give users a chance to receive airdrop rewards of its token SLN. As of the time of writing, over 1 million independent wallet addresses have participated in the event, with more than 16.4 million on-chain transactions.

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

Check your email for a message from Smart Layer and click "Activate your pass." You will be redirected to the Smart Layer points interface, where your points will be 50. Scroll down to the task interface. Currently, the activity to migrate the Smart Layer Pass to the new Smart Layer network and earn 300 points ended on January 16. However, there are other activities to continue earning points, such as joining Discord, following the team's Twitter, and referring others to join Smart Layer.

Smart Cats

Here, we specifically introduce one of the tasks: holding the NFT series "Smart Cats" and "SmartCat Loot." Users can purchase these NFT series on OpenSea (be careful to distinguish similar names) and bind the wallet holding the NFTs to the Smart Layer registered account to earn points. As of the time of writing, the floor price of Smart Cats is 0.368 MATIC, with a trading volume exceeding 32 ETH, making it the top-ranked NFT series on OpenSea last week. The floor price of SmartCat Loot is 0.25 ETH, with a trading volume of 74 ETH.

The clever design by the official team is that, in addition to holding NFTs, interacting with Smart Cats can also earn points. The NFT series Smart Cats, based on the new Smart Layer standard, is special in that it embodies the imaginative space of "smart tokens." Smart tokens can serve as an in-game item connecting users and project parties, allowing users to invoke various functions encapsulated by the tokens within the project's digital services, such as completing specific tasks in the game and achieving cross-game accomplishments.

Therefore, Smart Cats, as smart tokens, can run directly in the wallet like applications, allowing users to interact with Smart Cats without being redirected to third-party websites, including feeding, cleaning, and inviting other Smart Cats to play. Currently, users can connect their wallets holding NFTs at https://viewer.tokenscript.org/, add Smart Cats "tokens," and interact on the token interface. Clicking Cat Bio allows users to view metric progress.

It is understood that interacting with Smart Cats (Feed/Clean/Playdate) earns 25 points per interaction, with a maximum of 15 times per day. Upgrading to specific levels can earn between 500 to 3500 points. Additionally, starting from December 8, 2023, the community will distribute a cool cat every week for five weeks, which users can win through a lottery. The higher the level of Smart Cat, the greater the chance of winning the lottery.

Smart Tokens with TokenScript + ERC-5169

Smart Layer integrates the concept of TokenScript and the ERC-5169 standard. TokenScript was proposed by the AlphaWallet team in 2019 as a programming interface specifically designed for tokenization. Essentially, TokenScript is a JavaScript code layer with XML tags that describes the attributes, logic, operations, and user interface elements related to tokens. 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. Moreover, token issuers can add any information and rules to the token without being constrained by smart contracts.

Related reading: “Programmable Tokens of Smart Layer May Lead the Iterative Evolution of Web3”

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

Subsequently, the core developers of TokenScript proposed the Ethereum standard ERC-5169. ERC-5169 adds the scriptURI function to Token contracts, used to locate executable scripts related to the token. This allows tokens to carry their own logic and behavior, significantly enhancing token interactivity. According to the ERC-5169 standard, scripts defined by TokenScript can be embedded into tokens, enabling these tokens to interact with various services and applications in the Web3 ecosystem.

Thus, Smart Layer can be seen as a service layer that connects the blockchain world with traditional web services, providing support and incentives. By integrating smart tokens and bridging the tokenization of web services, Smart Layer can offer 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 web services, Smart Layer simplifies the tokenization process. It can be said that Smart Layer, to some extent, redefines the token economy, where tokens are no longer merely assets with circulation properties but can promote ecosystem development by integrating rights, functions, and systems.

Related reading: “Why Do ERC-5169 and TokenScript Need Smart Layer?”

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

Smart Layer raised a total of $12 million in funding in 2021 and 2022, with investors including HashKey Capital, Okx Ventures, SevenX Ventures, Mask Network, and Fubushi Capital.

On January 15, Smart Layer launched its testnet, with the mainnet expected to go live in 2025. Although it has been less than six months since its launch, Smart Layer has already shown development potential. According to the team, Smart Cats attracted over 300,000 independent active wallets within just 60 days of its launch, becoming one of the most popular games in the Polygon ecosystem. The beta version of Smart Layer Launchpad, 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, and it is expected that this new asset paradigm of "programmable assets" will bring richer narrative space to Web3 in the next bull market.