The Proposal in a nutshell
In a strategic move to tackle the complexities of crypto wallet management, Frontier and Hot Cross have merged, leading to the creation of Self Chain. This innovative Layer1 envisions a Modular Intent-Centric Access Layer 1 Blockchain with a Keyless Wallet Infrastructure.
Featured with developer-friendly SDK/API, reduced gas costs, enhanced recoverability, and interoperability, these advancements represent a major leap forward.
As a key element of our rebranding strategy, we are commencing the conversion of tokens from $FRONT to $SELF. This exchange will occur on an equal basis, meaning for each $FRONT token you currently possess, you will be entitled to one $SELF token in exchange.
We proudly announce a unanimous decision in favor of our rebranding, with a remarkable 100% voting in agreement, representing a total of 1,548,149 $FRONT.
Significance of This Decision
The need for this proposal arises from the challenges associated with conventional EOA wallets, including complex key management, the risk of losing vital seed phrases or private keys, and an unwelcoming user experience. Self Chain's infrastructure addresses these pain points, offering keyless wallets and an intuitive interface, thereby eliminating barriers to blockchain adoption.
This unanimous vote is a clear endorsement of our vision for Self Chain, echoing our community's desire for a more accessible and user-friendly blockchain experience.
Impact on Stakeholders
The transition to Self Chain significantly enhances the utility of $SELF tokens, enabling their use for transaction fees, DPoS validator staking, governance participation, and as native collateral or liquidity within the Self Chain ecosystem. Additionally, $SELF tokens facilitate incentivizing transaction prioritization and can be used for trading fees on Self Chain-based exchanges. Switching from $FRONT to $SELF opens up more opportunities and puts you at the forefront of a growing Layer 1 blockchain community.
We extend our sincere gratitude for your active support and participation in the Self Chain DAO voting process.
We're excited to share upcoming developments and initiatives that promise to enhance the Self Chain journey for our community.
Self Chain's Roadmap
Keep an eye on our social media platforms for the latest updates. Details about the token swap metrics and guidelines will be released soon, ensuring a seamless transition for all involved.
As we embark on this new chapter with Self Chain, we reaffirm our dedication to our mission and our community, anticipating a future filled with innovation and growth.
About Self Chain
Self Chain is the first Modular Intent-Centric Access Layer1 blockchain and keyless wallet infrastructure service using MPC-TSS/AA for multi-chain Web3 access. The innovative system simplifies the user experience with its intent-focused approach, using LLM to interpret user intent and discover the most efficient paths.
Self Chain ensures that onboarding and recovery are effortless with keyless wallets that grant users complete self-custody over their assets. In addition, it provides automated rewards to dApps when they efficiently resolve user intent, further enhancing the user experience. Moreover, Self Chain incorporates Account Abstraction with MPC-TSS to provide secure signing and reduce transaction fees. It's a platform that redefines blockchain interaction, making it more secure and user-friendly for everyone.
In a world where blockchain technology is becoming increasingly essential, the user experience remains a critical factor in its adoption. Intents and Keyless Wallets are set to transform the landscape, making blockchain interactions more accessible, efficient, and secure. As we move forward, the blockchain industry has the opportunity to provide users with a seamless and enjoyable experience, unlocking the full potential of this groundbreaking technology.