Smilo is a blockchain platform which supports the combination of hybrid transactions, hybrid smart contracts, and hybrid decentralized applications — with ‘hybrid’ referring to both public and private. Smilo's intent is to use blockchain technology to create an alternative protocol for decentralized applications.

Smilo tokens are Ethereum-based (ERC-20), and a part of the Smilo network itself, as they represent a user’s own personal shares and thus are emblematic of each user’s power to influence the network itself. SmiloPay tokens are the medium with which to pay for all service fees and upkeep of the Smilo network.

Nickel van de Mortel, Content Manager at Smilo Platform BV informed CryptoCompare that "We will list the Smilo token on several DEX’s in the coming period and we will also be selling our tokens directly to organizations building applications on our platform. (...) We were able to deliver our great infrastructure through self-funding and an initial friends and family sale and although we would still be open for seed investments, we will not collect any funds through an ICO."