Self Chain Founder: Increasing token supply aims to enhance network security
In response to the recent community concern about "increased token supply", Ravindra Kumar, founder and CEO of Self Chain, posted on platform X addressing doubts and FUD faced after the project migrated from FRONT to SLF. Kumar emphasized that Self Chain was not taken over by a new team but strategically reshaped by the original team, expanding from a wallet project to a Layer1 blockchain based on Cosmos-SDK. Regarding the increase in token supply, Kumar explained the allocation of 360 million total supplies: 36 million permanently locked for foundation nodes, 90 million migrated from FRONT to SLF, 10 million allocated to new investors as validators (locked for 18 months), 36 million allocated to equity investors (locked for 36 months), 30 million allocated to core teams (locked for six years), and 68 million used for ecosystems (releasing one point five millions monthly). Kumar stated that increasing supply aims at strengthening network security against potential '51% attacks' while attracting more investors and validators participation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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