Category Codes

Created by Admin KL, Modified on Wed, 9 Oct at 12:06 AM by Admin KL
unique category codes for categorizing tokens and NFTs on LiaaS
Our infrastructure simplifies token and NFT minting by eliminating the need for smart contracts, unlike Ethereum and similar chains. Instead, an API call to an endpoint streamlines the process. We classify tokens based on their intended purpose rather than adhering to token standards. Below are our accepted categorizations:
We sometimes use "token standards" and "category codes" interchangeably in our documentation and API requests.
SDA-13 (Stablecoin Category on Litecoin Network)
The SDA-13 is a unique stablecoin category developed for use on the Litecoin blockchain. This Category is designed to support the creation and management of stablecoins, which are digital currencies pegged to stable assets, typically fiat currencies, to maintain a consistent value.
Key Features:
Ratio Asset Backing: Each stablecoin issued under the SDA-13 standard is backed on a m:n or m:m basis by a corresponding stable asset. This ensures that stablecoin maintains a consistent value relative to the underlying asset, providing a reliable and stable form of digital currency.
Lower Transaction Fees: One of the hallmark features of the SDA-13 category is its reduced transaction costs. It offers a 10-20% lower transaction fee compared to similar transactions on the Ethereum network. This makes it an economical choice for users seeking to transact in stablecoins.
Utilization on Litecoin Network: By operating on the Litecoin network, the SDA-13 leverages the blockchain's inherent benefits, such as enhanced security, faster transaction times, and global accessibility. Litecoin's infrastructure provides an efficient and scalable platform for stablecoin transactions.
Stability and Reliability: The SDA-13 category's emphasis on asset-backed stability makes it an attractive option for users seeking a dependable digital currency. This stability is crucial for various applications, from remittances and online payments to more complex financial operations.
Broad Use Cases: Given its stable nature and reduced transaction costs, the SDA-13 category is well-suited for a range of financial applications, including digital payments, and remittances, and as a stable medium of exchange in digital marketplaces.
SDA-11
A standard Litecoin network category for creating non-fungible tokens (NFTs), like ERC-721 on Ethereum. SDA-11 facilitates the representation of unique digital items, such as artwork, songs, or collectibles, as NFTs. This standard enables users to mint, transfer, and manage digital assets that are distinct and verifiably scarce, leveraging the efficiency and low transaction fees of the Litecoin blockchain.
SDR-88
A specialized security category on the Litecoin network, akin to ERC-884 on Ethereum, designed for the issuance and management of digital securities. SDR-88 enables the distribution of actualized assets through the Litecoin network, offering a range of advanced functionalities.
Key Features:
Distribution Management: Streamlines the process of distributing dividends, voting rights, and other benefits to token holders, ensuring efficiency and transparency.
Legal Compliance: Incorporates mechanisms to adhere to legal regulations, such as Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements, ensuring that token issuance and transfer comply with jurisdictional laws.
Proof of Ownership: Provides irrefutable evidence of ownership for each token holder, securely recorded on the Litecoin blockchain. This feature is crucial for establishing and maintaining trust in the digital securities market.
Web3 Wallet Integration: Ensures compatibility with Web3 wallets, enabling secure storage, transfer, and management of SDR-88 tokens within decentralized environments.
SDA-21: Artist & Entertainment Category
The SDA-21 is a specialized non-fungible token (NFT) category, uniquely crafted for the entertainment industry. It's designed to amplify user experiences and enable monetization of artistic talents in a digital environment. This category focuses on intellectual property protection, royalty payments, and recognition of creators.
Key Features:
Enhanced User Experience: SDA-21 enhances the interaction between creators and their audience, offering immersive and engaging digital experiences tailored to the entertainment sector.
Talent Monetization: This standard provides artists and entertainers with innovative ways to monetize their content and talents, from music and performances to digital art and virtual experiences.
Intellectual Property Protection: SDA-21 ensures robust protection of creators' intellectual property rights, allowing them to retain control over their work and its usage.
Royalty Payments: It streamlines royalty payments, ensuring that artists and creators are fairly compensated every time their work is used or accessed.
Recognition and Verification: The standard offers mechanisms for authenticating and recognizing the original creators, enhancing their visibility and credibility in the digital space.
Decentralized Peer-to-Peer Interaction: SDA-21 leverages a fully decentralized framework, enabling peer-to-peer transactions and interactions without intermediaries. This ensures a 100% decentralized ecosystem, fostering direct engagement and transactions between artists and their audience.
Accessibility and Integration: Designed for ease of use, SDA-21 tokens are accessible and easily integrated into various digital platforms, making it convenient for artists to reach a broader audience.
Impact on the Entertainment Industry: SDA-21 is poised to revolutionize the entertainment industry by providing a secure, transparent, and efficient way for artists to highlight their work, engage with fans, and receive fair compensation. Its focus on decentralization, IP protection, and enhanced user experiences positions it as a pivotal tool for the future of digital entertainment and artist monetization.