$SLF Foundation Nodes Allocation Vesting Update

10% of $SLF tokens allocated to foundation nodes are permanently locked to enhance ecosystem stability.

$SLF Foundation Nodes Allocation Vesting Update

At Self Chain, our mission is to innovate and secure the future of decentralized finance by fostering a robust and enduring ecosystem. A critical aspect of this mission involves ensuring the sustainability of our native tokens, $SLF. Today, we're excited to share a significant development that marks a milestone in our journey toward a sustainable future.

Permanent Lock of Foundation Nodes: A Strategic Move After thorough discussions and strategic planning with our partners, we have reached a pivotal agreement to permanently lock the $SLF tokens allocated to Foundation nodes, which constitute 10% of the total supply. This decision, made with careful consideration, underscores our dedication to the long-term stability and viability of the $SLF tokens and the entire Self Chain ecosystem.

$SLF Circulating Supply

For Full $SLE Tokenomics
Explore the detailed $SLF Tokenomics on our page to understand the allocation and use of tokens within the Self Chain ecosystem.

Discover our strategic financial planning at: https://selfchain.xyz/tokenomics.

What Is Permanent Lock
The permanent lock of Foundation nodes means that the tokens allocated to these nodes will be locked indefinitely. This lock serves multiple strategic purposes:

  • Ensures Scarcity: By locking a substantial portion of $SLF tokens, we reduce the circulating supply, inherently adding value through scarcity.
  • Builds Trust: Investors and users can have increased confidence in SLF tokens, knowing that a significant amount is securely locked away, preventing any sudden market fluctuations due to large, unplanned sell-offs.
  • Encourages Long-term Investment: This move signals to the market that Self Chain is here for the long haul, prioritizing sustainable growth over short-term gains.

Collaborative Effort with Partners:
Reaching this decision involved collaborative discussions with various stakeholders, including key partners and advisors. Our partners have shown immense trust and support in our vision by agreeing to the permanent lock, which we believe will greatly benefit the ecosystem and all parties involved.

Impact on the Self Chain Ecosystem:
The permanent locking of Foundation nodes enhances the Self Chain ecosystem by stabilizing token pricing, reducing volatility, and fostering a secure environment for developers and users. This move boosts confidence in SLF tokens, attracting long-term investments and development on the platform, underscoring our commitment to sustainability and growth.

Looking Ahead:
As we move forward, we will continue to seek ways to enhance our ecosystem, support our partners and community, and strengthen the trust placed in us by all stakeholders.

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.

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