TechFlow news — Self Chain founder and CEO Ravindra Kumar issued a statement addressing criticisms and FUD following the project's migration from $FRONT to $SLF.
Kumar emphasized that Self Chain is not a new team taking over, but rather a strategic rebranding by the original team, expanding from a wallet project into a Cosmos-SDK-based Layer 1 blockchain.
Regarding the increased token supply, Kumar explained the allocation of the 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), 36 million allocated to equity investors (36-month lock-up), 30 million allocated to the core team (6-year lock-up), and 68 million reserved for the ecosystem (with 1.5 million released monthly).
Kumar stated that the increased supply aims to strengthen network security against 51% attacks and attract more investors and validators to participate.
