Salary is a platform designed to offer consistent and meaningful passive income to the ecosystem users. According to its whitepaper, the platform intends to develop decentralized technology available to everyone globally besides creating mass adoption of cryptocurrency. The platform seeks to revolutionize the decentralized world completely.
In addition to the above, the network believes that accelerating the transition to cryptocurrency's adoption would aim to enable people to:
The platform is built on DeFi technology. DeFi refers to an emerging financial technology based on secure distributed ledgers. The technology seeks to eliminate central control of banks and institutions on financial products, currency, and financial services.
The network has an automatic reward system wherein users aim to receive a 21% passive income by auto-playing every ten minutes. The users do not need to stake the tokens in liquidity pools or follow any other steps; they need to hold the token in their wallets to earn rewards.
Salary token (SLR), the ecosystem's native token, is a project that intends to bridge the crypto world with traditional finance systems. The token is a Binance Smart Chain (BSC) token. BSC was launched in 2020 to develop decentralized applications (DApps) with greater capacity, lower latency, and faster pace. The chain uses a proof-of-stake authority mechanism, which is a modified version of the proof-of-stake mechanism, and seeks to leverage high transaction capabilities.