According to BlockBeats, on September 3, Self Chain founder and CEO Ravindra Kumar addressed community concerns regarding the recent increase in token supply following the project's migration from FRONT to SLF on the X platform. Kumar clarified that Self Chain is not under new management but has undergone a strategic transformation by the original team, evolving from a wallet project to a Layer 1 blockchain based on the Cosmos-SDK.
Kumar detailed the distribution of the 360 million total token supply: 36 million are permanently locked for foundation nodes, 90 million were migrated from FRONT to SLF, 10 million are allocated to new investors as validators with an 18-month lock-up period, 36 million are designated for equity investors with a 36-month lock-up period, 30 million are reserved for the core team with a six-year lock-up period, and 68 million are allocated for the ecosystem, releasing 1.5 million monthly. Kumar emphasized that the increase in supply aims to enhance network security, prevent 51% attacks, and attract more investors and validators to participate.
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