5.1 SLCT definition

SmartLeCo is the main crypto token of the SmartLeCo Ecosystem. SmartLeCo token has the ticker SLCT, similar to the way USD and EUR are used as abbreviations for the US-Dollar and the Euro, respectively. As the SmartLeCo Ecosystem is based on hybrid technology, SLCT is a crypto token created on one of the top blockchains - the Polygon blockchain. SLCT is intended to be a crypto token for everyday use.

The Polygon Blockchain supports fast transactions, making SLCT particularly attractive to both consumers/customers and businesses/projects.

Furthermore, the Polygon Blockchain uses an eco-friendly approach for the verification of transactions proof-of-stake (a different consensus algorithm compared to the proof-of-work algorithm used by Bitcoin, which is very energy-intensive).

To foster accessibility and openness, SLCT is a free-floating and publicly tradable crypto token. Additionally, SLCT allows users and businesses to optimize transaction speed and costs while enabling SLCT transactions with online shops.

To achieve its ambitions of becoming “The everyday business and people's currency”, the SLCT embodies the following core principles:

• SLCT is a decentralized, community-run crypto token.

• It must be ensured that in the long term, the operation of the SmartLeCo Ecosystem is not dependent on a centralized body to maintain it.

• SLCT must be accessible and transferrable without reliance on a central entity.

• The private keys needed to control and manage SLCT lies in the hands of each user and are their responsibility. No party other than the user has access to the private keys.