Self Chain Docs
WebsiteTwitter
  • Learn
    • About Self Chain
    • Keyless wallet
      • MPC-TSS
      • Secure Signing
      • Account Abstraction
  • Getting Started
    • Glossary
    • Frequently Asked Questions
    • Set up a wallet
      • Adding Self Chain to Keplr Wallet
      • Setting up Keplr with Ledger Wallet
      • Adding Self Chain to Leap Cosmos Wallet
    • How To Stake SLF
    • Self Chain Mainnet
    • How to IBC Transfer
  • Developer Guide
    • Self Chain Networks
    • Frontend dApps
    • Faucet
  • SLF Tokenomics
    • Token Allocation and Utility
      • Bonded Tokens Vs Circulating Supply
      • Address Transparency
    • FRONT Migration
      • How to Bridge FRONT from BNB Chain (BEP20) to Ethereum (ERC20)
      • How to Migrate FRONT to SLF using Binance Convert
    • FRONT Migration FAQs
    • Central Exchanges FRONT to SLF Migration
  • Staking and Delegation
    • Delegating $SLF
    • Redelegating $SLF
    • Undelegating $SLF
    • How to delegate $SLF with Frontier Wallet
    • How to Delegate $SLF with Ledger
    • How to Participate in SLF Binance Simple Earn Product
  • Nodes & Validators
    • Node Setup Guide
    • Node Configuration FAQs
    • Run a Validator Node
    • Validator FAQs
    • Releases
    • Run a Validator Node with NodeOps
    • Setting up Cosmovisor
    • Log Console Troubleshooting
    • Run Selfchain testnet node
  • Governance
    • Draft a Proposal
      • Text Proposal
      • Community Spend Proposal
      • Paramter Change Proposal
      • Software Upgrade Proposal
      • Cancel Software Upgrade
    • Submitting a Proposal
    • Depositing funds
    • Voting on a Proposal
    • FAQs
  • Official Links
  • Branding and Logos
Powered by GitBook
On this page
  • SLF allocation at the Genesis
  • Unlocks
  1. SLF Tokenomics

Token Allocation and Utility

SLF token is the Self Chain's native asset

PreviousSLF TokenomicsNextBonded Tokens Vs Circulating Supply

Last updated 8 months ago

The SLF token serves four purposes on the Self Chain network:

• As a spam prevention mechanism, SLF is used to pay fees. The fee may be proportional to the amount of computation required by the transaction.

• As staking tokens, SLF can be “bonded” to receive block rewards. The economic security of the Chain is a function of the amount of SLF staked. The more SLF that are collateralized, the more “skin” there is at stake and the higher the cost of attacking the network. Thus, the more SLF there are bonded, the greater the economic security of the network.

• SLF holders may govern the Self Chain upgrades by voting on proposals with their staked SLF.

SLF allocation at the Genesis

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.

Category
Allocation
Amount

Migration Allocation

25%

90M

Equity Investors

10%

36M

Validator Nodes / Growth Sale

28%

100M

Ecosystem

19%

68M

Foundation Nodes

10%

36M

Team

8%

30M

  • Migration Allocation (25%): This allocation allows certain token holders to seamlessly migrate their tokens to SLF on the Self Chain, ensuring a smooth transition.

  • Equity Investor Allocation (10%): Early supporters of Self Chain are recognized through this allocation, acknowledging their role in the project's growth.

  • Validator Node / Growth Sale (28%): Self Chain seeks to expand its validator network, inviting reputable names to enhance network decentralization.

  • Ecosystem (19%): Ecosystem initiatives are nurtured through grants and incentives, promoting meaningful contributions to the Self Chain project.

  • Foundation Nodes (10%): A set of foundation nodes will be run by Self Chain Foundation to ensure stability and functionality at the blockchain’s genesis.

  • Team (8%): A portion of SLF tokens is allocated to the Self Chain team and core developers to support long-term research, development, and ecosystem initiatives.

Unlocks

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:

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.

Team

0% release on mainnet launch and then cliff for 12 months and then monthly vesting for 60 months

0.5M

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.

To query the current total supply and circulating supply, use the following APIs:

Circulating Supply:

Total Supply:

Supply:

https://static.selfchain.io/circulating
https://static.selfchain.io/total
https://static.selfchain.io/supply
Locked
Logo$SLF Tokenomics: Understanding the Self Chain ($SLF) TransitionSelf Chain Blog