Binance Announces Support for Frontier (FRONT) to Self Chain (SLF) Rebranding and Token Swap
We are excited to announce that Binance, along with other CEXs, has officially declared its support for the rebranding of Frontier to Self Chain and the corresponding token swap from $FRONT to $SLF.
We are excited to announce that Binance, along with other CEXs, has officially declared its support for the rebranding of Frontier to Self Chain and the corresponding token swap from $FRONT to $SLF. This significant update marks the beginning of a new chapter for our platform, reflecting our ongoing commitment to enhancing user experience, security, and accessibility in the blockchain space.
Binance Support for the $FRONT to $SLF Token Swap
On August 27, 2024, Binance will commence the token swap process, transitioning all existing $FRONT tokens to the newly branded $SLF tokens at a 1:1 ratio. Alongside this, Binance will delist all existing FRONT spot trading pairs (FRONT/BTC, FRONT/TRY, FRONT/USDC, and FRONT/USDT) and suspend deposits and withdrawals for FRONT tokens.
Trading for the new SLF pairs (SLF/BTC, SLF/TRY, SLF/USDC, and SLF/USDT) will officially open on August 30, 2024.
This transition is a key milestone in our rebranding journey, signaling the full integration of Self Chain’s vision into the cryptocurrency landscape.
Rebranding Proposal: From Frontier to Self Chain
The rebranding from Frontier to Self Chain is not just a change of name; it represents a strategic shift in our approach to solving some of the most persistent challenges in blockchain technology. Traditional Externally Owned Account (EOA) wallets come with inherent risks such as complex key management and the potential loss of vital private keys or seed phrases. These challenges often act as barriers to wider adoption of blockchain technology.
Recognizing these issues, Frontier has evolved into Self Chain, a platform designed to simplify crypto management, enhance security, and provide a seamless user experience. Self Chain is built as a Modular Intent-Centric Access Layer 1 Blockchain and Keyless Wallet Infrastructure Service, utilizing Multi-Party Computation (MPC-TSS) and Account Abstraction (AA) technologies to streamline blockchain interactions and make them more accessible to a broader audience.
We are proud to witness the rebranding proposal received unanimous approval from the Self Chain community. An impressive 100% of votes were cast in favor of the rebranding, This unanimous vote is a clear endorsement of our vision for Self Chain and reflects our community's strong desire for a more accessible and user-friendly blockchain experience.
Introducing Self Chain
Self Chain introduces a host of innovative features that distinguish it from traditional blockchain platforms:
Modular Intent-Centric Access: Self Chain’s modular architecture is designed to interpret user intents using Large Language Models (LLMs), automatically discovering the most efficient transaction paths through searchers. This approach significantly reduces complexity, ensuring that blockchain interactions are as intuitive and straightforward as possible.
MPC Keyless Wallet Infrastructure: One of the core features of Self Chain is its keyless wallet infrastructure, which eliminates the need for traditional private keys and seed phrases. Instead, it uses a Multi-Party Computation Threshold Signature Scheme (MPC-TSS) to securely manage assets without the risks associated with conventional key management.
Automated Rewards System: To further enhance the user experience, Self Chain incorporates an automated rewards system that incentivizes decentralized applications (dApps) to efficiently resolve user intents. This system not only improves transaction efficiency but also creates a positive feedback loop that benefits both users and developers.
SLF Token Utility: SLF, the native token of Self Chain, plays a pivotal role in the network. It is used for various purposes, including paying transaction fees, staking, governance participation, and serving as collateral within the Self Chain ecosystem. The SLF token also enables a dynamic fee market, where users can offer tokens as incentives for validators to prioritize their transactions.
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What This Means for Users
The rebranding to Self Chain and the introduction of SLF tokens bring numerous benefits to users, including enhanced security, simplified onboarding, and lower transaction fees. With Binance’s support, the transition from FRONT to SLF will be seamless, allowing users to continue their activities without disruption.
For those involved in staking, governance, or trading, the SLF token offers new opportunities to engage with and contribute to the Self Chain ecosystem. The upcoming introduction of new products like MPC wallets and the Intents SDK will further expand these possibilities.
Conclusion
The rebranding of Frontier to Self Chain marks a pivotal moment in our mission to make blockchain technology more accessible, secure, and user-friendly. This transformation, supported by Binance, is set to redefine how users interact with blockchain technology, offering a seamless transition and introducing the innovative SLF token to the broader market.
We are excited to embark on this new journey and invite you to join us in exploring the future of blockchain with Self Chain. Stay tuned for more updates as we continue to roll out new features and enhancements.
For more details, please visit Self Chain’s official website and follow our latest updates.
For the latest updates on the list of CEXs supporting the Self Chain rebranding and token swap, please visit this page.
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.