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L1 blockchain Self Chain announces token economics, total supply is 360 million

L1 blockchain Self Chain announces token economics, total supply is 360 million

CointimeCointime2024/05/31 09:55
By:Cointime

L1 blockchain Self Chain has announced its token economics. The total supply of SLF tokens is 360 million. Distribution breakdown: Migration distribution (25%): This distribution allows certain token holders to seamlessly migrate their tokens to SLF on the Self Chain, ensuring a smooth transition. Equity investor distribution (10%): Through this distribution, early supporters of Self Chain are recognized for their role in the project's development. Validator nodes/growth sale (28%): Self Chain seeks to expand its validator network, inviting well-known individuals to enhance network decentralization. Ecosystem (19%): Cultivate ecosystem plans through subsidies and incentive measures to promote meaningful contributions to the Self Chain project. Basic nodes (10%): The Self Chain Foundation will operate a set of basic nodes to ensure stability and functionality at the birth of the blockchain. 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 plans.

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