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SLF TokenomicsSLF Token is the native token that powers the Self Chain network and its ecosystem.
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SLF Token Utitlity 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.
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The SLF token serves three distinct purposes:Users & dApps, Staking and governance over the network.
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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.
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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.
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SLF token holders have complete control over the protocol. Validators manage transaction processing and execution on the Self Chain network.

SLF Token AllocationThe 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.token allocation image

SLF Unlock ScheduleSelf 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. Visit SLF Tokenomics for more detail.
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Frequently Asked Questions

What is the SLF token?

The SLF is the Self Chain’s primary token and secures the chain and pays for the transaction fee.

What is SLF Staking?

Staking is getting rewards from your SLF tokens while contributing to the Self Chain’s operations. You delegate your tokens to one or more validators who have an important role in maintaining the integrity of the network. It is important to do due diligence on the validators you choose

How do I get started on Self Chain?

To get started, first, download the Keplr browser extension and create a wallet using this simple guide. Then, to pay for transaction fees and interact with apps on Self Chain, get some SLF on exchanges (DEXs or CEXs).

What are the benefits of holding SLF?

Holding and staking SLF allows you to receive rewards, these rewards come from fees, and new SLF that are unlocked during the creation of every block on the Self Chain. In addition, after staking your SLF, you will also be able to vote on proposals to help determine the future of Self Chain.

What is the wallet that supports Self Chain and the SLF token?

Both Frontier and Kelpr wallet is integrated with the Self Chain Staking Application. You can use Kelpr Wallet to store SLF, and manage staking positions with their wallet web extension.

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© 2023 Self Chain. All rights reserved.