SLF Tokenomics

This page includes a high-level overview of Self Chain’s token economic model.

The Self Chain economy model

The Self Chain economy is characterized by three sets of participants:

  • Users & dApps: submit transactions to the Self Chain network to create, mutate, and transfer digital assets or interact with more sophisticated applications enabled by smart contracts, and storage ability.

  • SLF token holders have the option of staking their tokens to validators and participating in the proof-of-stake mechanism. SLF token owners also hold the right to participate in Self Chain's governance.

  • Validators manage transaction processing and execution on the Self Chain network.

The four core components:

  • The SLF token is the Self Chain's native asset.

  • Gas fees are charged on all network operations and used to reward participants of the proof-of-stake mechanism and prevent spam and denial-of-service attacks.

  • The proof-of-stake mechanism is used to select, incentivize, and reward honest behavior by Self Chain Validators and the SLF-owners that stake with them.

Last updated