Stellar (XLM) is an interesting distributed network, because the whole thing also works as a decentralized exchange. Any asset that a user has created on the network, like a freshly-issued token from a new decentralized application (dApp), can be traded on the network and exchange history is recorded on a distributed ledger. Now, there’s a new desktop application on the Stellar network that works as an interface for trading on the decentralized exchange – the Smartlands cryptocurrency wallet.
What is Smartlands (SLT)?
Smartlands is a blockchain-based network that was launched on the Stellar (XLM) network, and it is developing a way for real-world businesses to tokenize their physical assets – like agricultural assets, real estate, etc.
It’s a way for organizations to create their own internal digital currency and start attracting funds for growing their business, and it’s done through what they call asset-backed tokens (ABTs). These ABTs are legally binding and also involve escrow, collateral – and it has a lot of features that make them seem more secure.
For now, all we have is the Smartlands (SLT) cryptocurrency wallet
The ABT-based ecosystem where businesses are monetizing their real-world assets is months away from being launched – the first ABTs will be live in Q3 and Q4 of this year. For the time being, there is at least a new desktop crypo wallet app for both Apple and Windows operating systems that’s getting released today.
The Smartlands (SLT) crypto wallet is a direct user interface for people to be able to access the Stellar (XLM) decentralized distributed exchange. It will be released on the public network today – at least the first version.
Later versions of the crypto wallet will include the beefed-up features that they describe in their roadmap.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.