Question 1

What is Social Lending Network (SLT)?

Accepted Answer

Social Lending Network (SLT) is a digital currency operating on the Ethereum blockchain. It forms part of an initiative aimed at decentralising social finance, with a focus on transforming traditional financial loan systems through the application of blockchain technology. By utilising the Ethereum network, SLT supports the overarching goal of creating financial services that are more accessible, transparent, and efficient.

Question 2

What is Social Lending Network (SLT) used for?

Accepted Answer

SLT plays a role within a decentralised finance ecosystem, concentrating on a variety of lending services. This encompasses the facilitation of credit and collateral lending, wealth management, and the development of distributed asset-backed securities. The objective is to offer an alternative to traditional financial systems, delivering loan services that are more inclusive and transparent, thus promoting greater financial inclusivity.

***Although 'SLT' was the ticker assigned at the deployment of the Social Lending Network 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 'SOCIALLT' has been adopted for this token. This designation ensures that assets are distinctly identified.***