Self Chain founder: Increasing token supply aims to strengthen network security

BlockBeats news, on September 3, 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 to respond to the doubts and FUD faced by the project after migrating from $FRONT to $SLF. Kumar emphasized that Self Chain was not taken over by a new team, but the original team was strategically reshaped, expanding from a wallet project to a Layer 1 blockchain based on Cosmos-SDK. Regarding the increase in token supply, Kumar explained the distribution of the total supply of 360 million: 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), and 68 million for the ecosystem (1.5 million released per month). Kumar said the increased supply is intended to strengthen network security, protect against 51% attacks, and attract more investors and validators.