Self Chain founder: Increasing token supply aims to strengthen cyber security
On September 3rd, in response to the recent community concern about the "increase in token supply", Self Chain founder and CEO Ravindra Kumar posted on the X platform in response to the questions and FUD faced by the project after migrating from FRONT to SLF.
Kumar emphasized that Self Chain is not a new team taking over, but the original team has undergone a strategic reinvention, 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 supply: 36 million permanently locked for foundation nodes, 90 million migrated from FRONT to SLF, 10 million allocated to new investors as validators (18-month lock-up period), 36 million allocated to equity investors (36-month lock-up period), 30 million allocated to the core team (6-year lock-up period), 68 million for the ecosystem (monthly release 1.50 million). Kumar said the increase in supply is designed to strengthen cyber security, protect against 51% attacks, and attract more investors and validators to participate.