Although 'SLX' was the ticker assigned at the deployment of the Slate Token's smart contract, it is also in use by another asset with a larger market presence and higher trading volume on major exchanges. To avoid confusion in the marketplace, the alternative ticker 'SLATE' has been adopted for this token. This designation ensures that assets are distinctly identified.

Slate is an entertainment utility protocol based on the Slatechain algorithm. The Slate team plans to use the blockchain to deliver low-cost, high-speed and high-definition video worldwide, facilitate live event ticketing and allow users to acquire entertainment using the Slate token. Furthermore, Slate project will feature a compensation program between creators, producers, and distributors. Creators are compensated fairly and consumers get higher quality entertainment. Tickets purchased with Slate will be forgery-resistant, virtually eliminating fraud. Service providers holding Slate can earn even more by storing and delivering content.