$SLF Tokenomics: Understanding the Self Chain ($SLF) Transition
As we progress through the rebranding from Frontier ($FRONT) to Self Chain ($SLF), we would like to reiterate and share information regarding the tokenomics, token supply, and overall structure of the new $SLF tokens.
（这篇博客文章的中文版本在下方。）
As we progress through the rebranding from Frontier ($FRONT) to Self Chain ($SLF), we would like to reiterate and share information regarding the tokenomics, token supply, and overall structure of the new $SLF tokens. While most of this information was published during 2023 and, subsequently, 2024, we'd like to take the time to share it once again with new community participants. Here’s a detailed overview to provide insights into the $SLF ecosystem.
$SLF Tokenomics Overview
The $SLF token serves multiple purposes within the Self Chain ecosystem, ensuring that it plays a vital role in the network's functionality, security, and governance.
- SLF Utility:
Gas Fees: $SLF tokens are used for transaction fees on the Self Chain blockchain. This ensures that the network remains efficient and accessible.
DPoS Validator Staking: $SLF holders can actively participate in securing the network by delegating their holdings to validators or running validator nodes.
Governance: $SLF holders can engage in future governance decisions.
Native Collateral: $SLF tokens can be utilized as native asset liquidity or collateral within applications built on the Self Chain.
Fee Markets: Users can incentivize validators with $SLF tokens to prioritize their transactions, creating a dynamic and efficient fee market.
Trading Fees: $SLF tokens can be used as trading fees on exchanges built within the Self Chain ecosystem. Migrating from $FRONT to $SLF opens up more opportunities and puts you at the forefront of a growing Layer 1 blockchain community. - SLF Unlock Schedule: The total supply of 360 million SLF tokens will be unlocked gradually, with different schedules for various categories. This structured unlocking ensures stability and security as the network grows.
| Category | Unlock Schedule | Monthly Vesting |
|---|---|---|
| Migration Allocation | No Lock | No Vesting |
| Equity Investor Allocation | 0% release on mainnet launch and then 12 months cliff and then monthly vesting for 24 months | 1.5M |
| Validator Node / Growth Sale | 0% release on mainnet launch and then 6-month cliff and then monthly vesting for 12 months | 8.3M |
| Ecosystem | ~20% release on mainnet launch and then monthly vesting for 36 months | 1.51M |
| Foundation Nodes | Permanent locked vesting, where coins are locked forever. | Locked |
| Team | 0% release on mainnet launch and then cliff for 12 months and then monthly vesting for 60 months | 0.5M |
- SLF Allocation: The initial total supply of SLF tokens at the mainnet launch is 360 million, divided across six categories:
Understanding the Token Supply Increase
One of the confusions raised by our community has been the increase in the total supply of $SLF compared to $FRONT. We've done our best to share this as early as January 2024, with a decisive vote in favor of the change. Furthermore, Self Chain as a project was initially intended to exist as its own L1 blockchain
Our decision to allow Frontier ($FRONT) holders to benefit from the launch of the blockchain was the cherry on top that we felt necessary to push our project forward. The total supply has been set at 360 million $SLF, up from $FRONT's previous total supply.
Here’s why this adjustment was critical and necessary:
- Network Security: To secure the Self Chain network against 51% attacks, it was essential to increase the total supply, ensuring a higher collateralization.
- Attracting Investors: The new tokenomics were designed to attract investors and node operators, which is critical for running a secure and efficient Layer 1 blockchain.
- A New Era: Transitioning from a simple utility token to a Modular Intent-Centric Access Layer 1 Blockchain required a more comprehensive tokenomics structure to support the enhanced functionality and infrastructure.
Community-Approved Tokenomics
Before initiating the rebranding and token swap, Self Chain DAO conducted a voting proposal from January 12 to January 19, 2024, to gather the community’s opinion on the rebranding and new tokenomics.
The proposal, which included details on the increased $SLF total supply, allocation, vesting schedule, and utility, received overwhelming support, achieving a 100% approval rate. This community-driven approach ensured that the new $SLF tokenomics aligned with the interests and needs of our users.
Address Transparency
With regard to important addresses and our commitment to transparency, here are locations of note:
- Team: self1vcswf6397qvnua84dndg4p8tlldjp83cm9yrmq
- Ecosystem: self1e20929j3gng6cy72qapar630977vffqqzwxj75
- Foundation Node: self12xes3fhuhfdech9gkyjhl526l6gdh3n3kwe3ml
- Foundation Node: self1p9zmq9f5ftxwke6urd3vr98rypjhettfrsnna3
- Foundation Node: self1c0h75n6pfnl9pk80dktqnjwvqgz0tu2trfwg40
- Foundation Node: self14ga5vmrskscuj3yktvjksm93sdt2f8r9k35pm0
- Foundation Node: self1sah0w5e2a2nxrru4t6e6n3v47xulklwvru7hmh
- Foundation Node: self1ychdx0fl0gt9c74afeeqr6ykv5j5rcqawxx2me
- Foundation Node: self1vwvjfg8ezhuspk5lamkakahc32yudf4wkgrsh6
Note: The team has a 6-year vesting. Foundation Node tokens are locked permanently and only benefit from staking rewards. The addresses can be viewed on Explorer 1 or Explorer 2.
- Automatic Supply API: https://api.selfchain.io/cosmos/bank/v1beta1/supply
- Manual Total feed for CMC and CoinGecko: https://static.selfchain.io/total
- Manual Supply feed for CMC and CoinGecko: https://static.selfchain.io/supply
- Manual Circulating feed for CMC and CoinGecko: https://static.selfchain.io/circulating
Join the Conversation
We encourage our community members to participate in the ongoing discussions about SLF’s future. Your input is invaluable as we continue to build and refine the Self Chain ecosystem. If you have any questions or need further clarification, please connect with us on Discord or through our official support channels.
Thank you for your continued support as we embark on this exciting new chapter for Self Chain!
以下为中文翻译版：
随着我们从Frontier（$FRONT）品牌重塑为Self Chain（$SLF），我们想重申并分享有关新$SLF代币的代币经济学、代币供应和整体结构的信息。尽管大部分信息已经在2023年和2024年发布过，但我们希望再次与新加入的社区成员分享。以下是一个详细的概述，以便为您提供关于$SLF生态系统的见解。
$SLF 代币经济学概述
$SLF代币在Self Chain生态系统中具有多种用途，确保其在网络功能、安全性和治理方面发挥关键作用。
- SLF的效用:
- Gas费: $SLF代币用于支付Self Chain区块链上的交易费用。这确保了网络的高效性和可访问性。
- DPoS验证者质押: $SLF持有者可以通过委托其代币给验证者或运行验证者节点，积极参与网络的安全保障。
- 治理: $SLF持有者可以参与未来的治理决策。
- 抵押: $SLF代币可用作Self Chain上构建的应用中的本地资产流动性或抵押品。
- 费率市场: 用户可以使用$SLF代币激励验证者优先处理其交易，创建动态高效的费率市场。
- 交易费用: $SLF代币还可以用作Self Chain生态系统内构建的交易所的交易费用。
将$FRONT迁移到$SLF打开了更多的机会，使您处于不断增长的Layer 1区块链社区的前沿。
- $SLF解锁时间表:
360,000,000的$SLF代币总供应量将按照不同类别的解锁计划逐步释放。这种分阶段的解锁机制能够在网络扩展的过程中，保持整体的稳定性和安全性。
| 类别 | 解锁时间表 | 月度解锁 |
|---|---|---|
| 迁移分配 | 无锁仓 | 无月度解锁 |
| 权益投资者分配 | 主网启动时0%释放，随后12个月悬崖期，然后每月解锁持续24个月 | 1.5M |
| 验证者节点/增长销售 | 主网启动时0%释放，随后6个月悬崖期，然后每月解锁持续12个月 | 8.3M |
| 生态系统 | 主网启动时约20%释放，然后每月解锁持续36个月 | 1.51M |
| 基金会节点 | 永久锁仓，代币永久锁定 | 永久锁仓 |
| 团队 | 主网启动时0%释放，随后12个月悬崖期，然后每月解锁持续60个月 | 0.5M |
- $SLF 分配：
在主网上线时，SLF 代币的初始总供应量为 360,000,000 亿，分为六个类别。
理解代币供应增加
社区提出的一个疑问是，为什么$SLF的总供应量相比$FRONT有所增加。我们从2024年1月起就分享了这些信息，并进行了决定性的社区投票以支持这一变化。此外，Self Chain项目最初的目标就是成为独立的L1区块链。
我们希望确保Frontier ($FRONT) 持有者能够在Self Chain启动过程中受益，并且我们认为这个决定是推动项目进展的一个重要步骤。$SLF的总供应量设定为360,000,000，相较于$FRONT的之前总供应量有所增加。
以下是这一调整的原因：
- 网络安全: 为了保护Self Chain网络免受51%攻击，增加总供应量是必要的，以确保更高的抵押比例。
- 吸引投资者: 新的代币经济学旨在吸引投资者和节点运营者，这对运行一个安全高效的Layer 1区块链至关重要。
- 新纪元: 从简单的效用代币转向模块化意图为中心的Layer 1区块链，要求更加全面的代币经济结构，以支持增强的功能和基础设施。
社区批准的代币经济学
在启动品牌重塑和代币交换之前，Self Chain DAO从2024年1月12日到1月19日进行了投票提案，以收集社区对重新品牌和新代币经济学的意见。
提案中包括了$SLF总供应量增加、分配、解锁时间表和用途等细节，得到了压倒性的支持，投票结果达到了100%的赞成率。这一社区驱动的方式确保了新$SLF代币经济学符合用户的利益和需求。
地址透明度
关于重要地址以及我们对透明度的承诺：
- 团队: self1vcswf6397qvnua84dndg4p8tlldjp83cm9yrmq
- 生态系统: self1e20929j3gng6cy72qapar630977vffqqzwxj75
- 基金会节点: self12xes3fhuhfdech9gkyjhl526l6gdh3n3kwe3ml
- 基金会节点: self1p9zmq9f5ftxwke6urd3vr98rypjhettfrsnna3
- 基金会节点: self1c0h75n6pfnl9pk80dktqnjwvqgz0tu2trfwg40
- 基金会节点: self14ga5vmrskscuj3yktvjksm93sdt2f8r9k35pm0
- 基金会节点: self1sah0w5e2a2nxrru4t6e6n3v47xulklwvru7hmh
- 基金会节点: self1ychdx0fl0gt9c74afeeqr6ykv5j5rcqawxx2me
- 基金会节点: self1vwvjfg8ezhuspk5lamkakahc32yudf4wkgrsh6
注意: 团队的代币有6年解锁期。基金会节点代币永久锁仓，只能从质押奖励中获益。这些地址可以在Explorer 1或Explorer 2上查看。
- 自动供应API: https://api.selfchain.io/cosmos/bank/v1beta1/supply
- 手动总量Feed（CMC和CoinGecko）：https://static.selfchain.io/total
- 手动供应Feed（CMC和CoinGecko）：https://static.selfchain.io/supply
- 手动流通Feed（CMC和CoinGecko）：https://static.selfchain.io/circulating
加入对话
我们鼓励社区成员参与关于$SLF未来的讨论。您的意见对于我们继续构建和完善Self Chain生态系统非常宝贵。如果您有任何问题或需要进一步咨询，请通过Discord或我们的官方支持渠道与我们联系。
感谢您对Self Chain新篇章的持续支持！
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.