Self Chain Tokenomics Enhanced: Team Allocation Vesting Period Extension
Self Chain extends team allocation vesting from 2 to 5 years with 1 year cliff, signaling commitment to sustainability.
Self Chain is dedicated to building a secure, user-friendly Web3 future.
As part of this commitment, we're excited to share that the vesting period for Self Chain team allocation has been extended from 2 years to 6 years, demonstrating our commitment to Self Chain's long-term development.Updated Tokenomics
The initial total supply of SLF tokens at the Mainnet launch is 360,000,000. split across six categories described in the chart and table below.
Team Allocation Details
- Team Allocation: 8% of SLF tokens allocated to the team.
- Vesting Schedule: 0% release on mainnet launch, followed by a 12-month cliff, then monthly vesting for 60 months.
Why It Matters
This extension reflects our dedication to building a strong and lasting blockchain. By aligning incentives with long-term success, we ensure the sustainability and growth of Self Chain.
Unlock Schedule
Self Chain’s 360 million SLF token supply at Genesis will be subject to several different unlock schedules. All tokens, locked or unlocked, may be staked.
Unlock schedule by category is described in the table below:
28.8% of the total supply will be released at TGE, ~103.6M SLF. 90M from Migration Allocation, and 13.6M from Ecosystem Allocation. So, 3.78% of new tokens will be emitted on TGE.
The Ecosystem allocation is the only one that is released on the Self Chain Mainnet launch and will be used for:
- Ecosystem Initiatives will be distributed via grants and incentives to contributors, and builders, contributing to or building meaningfully on Self Chain.
- Exchange Listing and Liquidity.
- Incentivized Testing Rewards.
Final Thoughts
We're excited to continue shaping the future of blockchain technology and invite you to join us on this remarkable journey.
For more details, visit our updated blog and tokenomics page:
- Check our updated tokenomics and new release schedule
- This extension contributes to a healthier long-term run of Self Chain
For comprehensive insights on Self Chain tokenomics: https://blog.selfchain.xyz/self-chain-tokenomics/
Docs: https://docs.selfchain.xyz/self-tokenomics/token-allocation-and-utility
Tokenomics page: https://selfchain.xyz/tokenomics
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.