SLF Price

Self Chain (SLF) is a Layer 1 blockchain designed for simplified Web3 access and self-custody. It uses modular intent-based technology to streamline interactions with decentralized applications (dApps), making it easier for users to manage assets without complicated key management. Self Chain features a keyless wallet infrastructure, allowing users to control their funds securely while offering tools for onboarding and recovery. The platform also supports multiple blockchain ecosystems and reduces transaction fees by using advanced account abstraction and cryptographic methods like MPC-TSS.

Self Chain aims to improve user experience in the Web3 ecosystem by automating certain processes, providing rewards for dApps, and enhancing security. It operates on a proof-of-stake consensus, which helps to lower energy consumption compared to other models.

Self Chain (SLF) is a Layer 1 blockchain designed to simplify Web3 access and asset management through keyless wallets. Instead of relying on traditional private keys, it uses a secure system called MPC-TSS, which splits the key into two parts, ensuring higher security and reducing the risk of losing access. This makes it easier for users to manage and recover their wallets without worrying about seed phrases.

Self Chain also focuses on improving the user experience by interpreting user intentions through AI and automating certain actions within dApps. It rewards dApps for efficiently resolving these user intents, which improves the overall interaction on the platform. The system operates on a proof-of-stake consensus, meaning users can stake SLF tokens to secure the network and earn rewards.

Overall, Self Chain aims to make blockchain interactions smoother, safer, and more accessible for both developers and users.

Self Chain (SLF) launched on June 6, 2024, as a rebranded version of the Frontier project. This blockchain focuses on simplifying Web3 access with keyless wallets and improving user experience through intent-based technology. The migration from Frontier's $FRONT token to Self Chain's $SLF token occurred at a 1:1 swap ratio, following a community vote.

The Self Chain team has designed the platform to allow users full control over their assets while ensuring strong security through MPC-TSS (Multi-Party Computation Threshold Signature Scheme). The project operates on a proof-of-stake consensus, where users can stake SLF tokens to secure the network and participate in governance. Validators play a crucial role in maintaining the blockchain's integrity.

The roadmap for Self Chain includes multiple stages of development. As of 2024, Stage 1 of the mainnet launch has been completed, and Stage 2 is underway, focusing on token migration and staking. Future phases aim to decentralize the network further by increasing validator participation.

The Self Chain (SLF) token serves several important functions within the Self Chain ecosystem:

1. Transaction Fees: You use SLF tokens to pay for transaction fees on the Self Chain network, ensuring smooth and efficient operations.

2. SLF Staking: You can stake your SLF tokens to help secure the network. By doing this, you contribute to the network’s security and earn rewards through the Delegated Proof-of-Stake (DPoS) mechanism.

3. Governance: As an SLF token holder, you can participate in governance decisions, allowing you to vote on upgrades and changes to the network.

4. Collateral: SLF tokens can be used as collateral in decentralized finance (DeFi) applications built on the Self Chain network, adding liquidity and enhancing utility within the ecosystem.

5. Fee Markets and Trading: SLF tokens enable a dynamic fee market, where users can incentivize validators to prioritize their transactions. Additionally, they can be used to pay trading fees on exchanges within the Self Chain ecosystem.

You can also trade Self Chain crypto against other listed cryptocurrencies on the KuCoin Spot Market after doing your own research (DYOR). Based on your investment goals and risk tolerance, you can buy, sell, or HODL $SLF in your portfolio.

The total supply of SLF tokens is 360 million, distributed across several key areas:

> 28% of tokens are set aside for validator nodes and growth sales, 

> 25% for migration, 

> 19% for ecosystem development, and 

> 8% for the team. 

Tokens are subject to various unlocking schedules, with some available immediately upon the mainnet launch and others vesting over several months to years.