Pre-Mainnet Progress
Self Chain readies for mainnet, optimizing systems and refining initial token allocations.
As we edge closer to the launch of Self Chain's mainnet, we want to take a moment to reflect on our journey, celebrate our achievements, and prepare for what's next.
Here’s an update on where we stand today and our plans for the immediate future.
Reflecting on Our Roadmap
Self Chain has been dedicated to developing a robust, intent-centric, and keyless wallet infrastructure. Our journey began in Q4 2022 with the start of blockchain development. We've since launched the Blockchain Explorer, introduced our Staking Application, and developed the Migration Module and DApp. These milestones have laid the foundation for a transformative blockchain ecosystem.
Advancing Through Incentivized Testnets
Incentivized Testnet 1 concluded successfully on October 10th, 2023 with our initial goal of 100 validators achieved, thanks to the strong interest and 155 applications from prospective validators.
Incentivized Testnet 2 then took these efforts to new heights:
- Validator Engagement: We maintained an active base of 100 validators. Notably, 50 of these validators started in Incentivized Testnet 1 and continuously ran their nodes through to the end of Testnet 2, demonstrating their commitment and the robustness of our network.
- Network Performance: Our network demonstrated remarkable stability and scalability, achieving a block height of 3,074,934 and bonding 60M SLF tokens.
- Community Participation: The vibrant Self Chain community grew to 19,426 active users staking tokens, illustrating the strong support and belief in our vision.
We are grateful to everyone who participated and contributed to these testnets. Here are the lists of participants who have been exceptional throughout the process.
🔗https://gist.github.com/sungphamdinh/661a0c3b7c9aa4a8bd8aa1837ca2bee7
🔗https://gist.github.com/sungphamdinh/a1bffc18207cc3a3a2115e88be226caf
🔗https://gist.github.com/sungphamdinh/37b477acd545a4c759539a311273f87d
Finalizing SLF Tokenomics
We have meticulously designed our tokenomics to support sustainable development and ensure fairness. The structure of SLF tokenomics is crafted to balance immediate utility with long-term value creation, ensuring Self Chain's longevity and stability.
Ensuring Robust Security with Beosin
Our commitment to security is paramount. We've completed a thorough audit of our blockchain with Beosin. The audit helped us identify and rectify potential vulnerabilities, ensuring our infrastructure is secure before the mainnet launch.
Final Preparations Behind the Scenes
The team is diligently finalizing the blockchain parameters and initial token distribution. We are on our way to running a pre-mainnet internally to ensure all systems are optimal before they are deployed publicly.
Looking Ahead
If our pre-mainnet evaluations meet our strict criteria for success, we plan to proceed with the mainnet launch in June. This milestone will mark the beginning of a new era for Self Chain, as we aim to revolutionize blockchain interactions with our unique, user-centric and keyless approach.
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.