SLT is a utility token which serves the following purposes:
- It is a unit of account on the Smartlands Platform
- SLT holders can set the rules of the platform with decentralized management system through voting their SLTs.
- It can be used for buying and selling security tokens issued on Smartlands Platform
- ABT issuers/holders are required to hold SLTs according to the Smartlands Platform’s rules.
SLT was issued by Smartlands Foundation, a Cayman Islands foundation which is an independent entity from Smartlands Platform Ltd.