$SLF Token is the native token that powers the Self Chain network and its ecosystem.
As a spam prevention mechanism, $SLF are 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” in order 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.
Users & dApps, Staking and governance over the network.
Submit transactions to the Self Chain network in order to create, mutate, and transfer digital assets or interact with more sophisticated applications enabled by smart contracts, and storage ability.
Token holders keep the network secure and collect rewards by staking $SLF. They 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.
$SLF token holders have complete control over the protocol. Validators manage transaction processing and execution on the Self Chain network.
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.
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.