SLF Tokenomics
The Value of Thoughtful Tokenomics
Creating a strong and lasting blockchain isn't easy. It takes a lot of hard work, especially when it comes to making tokenomics that are fair and make sense. In this blog, we're going to break down the SLF token's tokenomics, explaining why they were set up the way they were. We want to show you how careful planning in tokenomics is key to building a blockchain that not only works well but also stands the test of time.
🔗 Tokenomics docs
The SLF Token
As we discussed the other day, The SLF Token is vital to the Self Chain network, enabling transaction fee payments, DPoS validator staking, and governance participation. It serves as collateral within the ecosystem, incentivizes validators in fee markets, and is used for trading fees on internal exchanges, highlighting its multifaceted utility.
🔗 SLF Token Utility
Token Allocation
The total supply of SLF at Genesis is 360 million tokens.
A fair and transparent token distribution is essential for any blockchain project's success. Self Chain's SLF token allocation is designed to ensure inclusivity and fairness
Token Release 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.
Limitless possibilities
The SLF tokenomics of Self Chain reflects the commitment to decentralization, support for developers, and dedication to our community.
Focused on creating a high-performance blockchain that simplifies Web3 user experience, Self Chain aims to significantly influence the blockchain landscape.
As Self Chain evolves, its potential to shape the future of blockchain technology grows. Stay tuned for further updates and innovations, where the possibilities are limitless.
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.