How Self Chain Token Supply APIs Ensure Transparency
Self Chain places a high priority on transparency and accuracy when it comes to providing essential data about our native $SLF token.
Self Chain places a high priority on transparency and accuracy when it comes to providing essential data about our native $SLF token. One of the key ways we ensure this is through our robust set of token supply APIs. These APIs provide detailed, real-time information that keeps both users and platforms like CoinMarketCap (CMC) and CoinGecko informed about our token supply.
In this blog, we'll walk through how these APIs work and why they're important for the Self Chain ecosystem.
What Are Token Supply APIs?
Token supply APIs are tools that allow platforms, developers, and users to access up-to-date information regarding the total and circulating supply of a blockchain’s tokens. In the case of Self Chain, these APIs are crucial for providing transparency into the supply of $SLF tokens.
Here’s a look at the different types of APIs we use:
1. Automatic Supply API
- Endpoint: Automatic Supply API
- Purpose: This API offers an automatic feed of the total supply of $SLF tokens directly from the Self Chain network. By pulling data from the chain, it ensures that the token supply is updated in real-time and reflects the current state of the blockchain.
- Use Cases:
- Developers: Can integrate this into dApps for accurate supply data.
- Investors: Track real-time supply for market analysis.
2. Manual Total Supply Feed
- Endpoint: Manual Total Supply Feed
- Purpose: This API provides a manual update of the total $SLF token supply. It’s especially useful for platforms like CMC and CoinGecko to verify the exact number of tokens in circulation. Unlike the automatic feed, this API is manually updated, ensuring accuracy in cases where the token supply might not change as frequently.
- Use Cases:
- Platforms: Ensure accuracy on their token supply data to give users the most reliable information.
3. Manual Supply Feed
- Endpoint: Manual Supply Feed
- Purpose: This feed provides information about the total supply of $SLF tokens that is available, excluding any locked or staked tokens. It's another manually updated source used by monitoring platforms.
- Use Cases:
- Token Holders: Provides insight into the available liquidity and market conditions.
4. Manual Circulating Supply Feed
- Endpoint: Manual Circulating Feed
- Purpose: Circulating supply refers to the number of tokens that are currently available for trading or transactions in the market. This API ensures that both users and platforms understand how many tokens are actively in circulation, excluding tokens that are locked, staked, or reserved for future use.
- Use Cases:
- Investors and Analysts: Evaluate the market cap and assess the potential scarcity or inflation of the $SLF token.
Introducing the Self Chain Explorer Holders Page
In addition to token supply APIs, Self Chain Explorer offers a holders page, where users can view detailed information on the distribution of $SLF tokens. This page offers real-time data about:
- Top token holders
- Token concentration
- Wallet addresses and token balances
This page complements the token supply APIs by offering another layer of transparency, allowing users to track token distribution, which is crucial for understanding market dynamics.
Why These APIs Matter for $SLF
1. Transparency
By providing open access to these APIs, we ensure that all stakeholders—from investors to developers—can verify the $SLF token supply in real-time. This transparency is vital for maintaining trust within the Self Chain community.
2. Real-Time Updates
The automatic supply API ensures that the circulating and total supply figures are always up to date. This is particularly important as $FRONT tokens are migrated to $SLF, and as validators earn block rewards, affecting the circulating supply of $SLF.
3. Trust with Platforms
These APIs are integral in maintaining accurate listings on external platforms like CoinMarketCap and CoinGecko. By providing them with dedicated feeds, we ensure that the $SLF token’s market data is reliable, helping our community make informed decisions.
Conclusion
The token supply APIs provided by Self Chain are not just a technical feature—they are a commitment to transparency and security for our growing ecosystem. By enabling real-time access to $SLF supply data, we empower our community to stay informed and engaged. Whether you are an investor, developer, or just curious about how Self Chain operates, these APIs are a window into the integrity of our network.
Explore our APIs:
Stay tuned for more updates as we continue to build a transparent and secure blockchain ecosystem!
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.