What is Self Chain (formerly Frontier)? Overview and Potential of SLF Token

In the context of DeFi and Web3 continuously developing, many projects have transformed to adapt to new market demands. One of these is Frontier, which has now officially renamed itself to Self Chain. Let's explore this project with Allinstation, discovering its new appearance, new mission, and simultaneously assessing the potential of the SELF token in the future.

What is Self Chain?

Self Chain is a Layer 1 blockchain focused on building a "Modular Identity Infrastructure" ecosystem for Web3. The project's main goal is to create a platform that allows users to interact with Web3 protocols and applications through decentralized identity (DID), making the Web3 experience smooth, safe, and verifiable.

Self Chain aims to provide primitives such as:

• Decentralized Identity (DID)
• Verifiable Credentials (VCs)
• Keyless Wallets and Social Recovery capabilities
• Zero-Knowledge Proofs (ZKPs) to protect privacy

With this approach, Self Chain expects to become the default identity infrastructure platform for millions of Web3 users in the future.

The Difference Between Frontier and Self Chain

Previously, Frontier was a comprehensive DeFi platform supporting Multi-chain asset management. However, with the strong development wave of Web3 Identity, the team decided to redirect the product towards a Layer 1 serving identity, and Frontier officially changed its name to Self Chain in 2024.

Instead of just managing assets, Self Chain focuses on how users verify themselves and interact safely in the decentralized space.

Outstanding Features of Self Chain

• Modular Identity Layer: An identification system that can be integrated into any dApp, from DeFi, NFT to Gaming.
• Keyless Wallet: Minimizing entry barriers for new users with a wallet that doesn't require a private key.
• Private-by-default: Integrating security and privacy solutions like ZKPs.
• Multi-chain Support: Self Chain can connect and verify identity across different blockchains.
• Developer Friendly: Providing SDKs and APIs for developers to quickly integrate DID solutions.

Notable Products of Self Chain

Currently, Self Chain is focusing on building a product ecosystem revolving around Modular Identity Infrastructure for Web3. Below are the core products and main features that have been announced or are being developed by Self Chain:

Self Chain Blockchain (Layer 1)

A customized blockchain platform specifically designed for decentralized identity (DID) applications. Self Chain is a high-performance Layer 1 with built-in tools supporting identity verification and privacy.

Outstanding features:

• Optimized for identity storage and verification (DIDs, Verifiable Credentials)
• Integrated Modular Identity Layer model
• Supporting Web3 applications like DeFi, NFT, SocialFi through authentic identity

Keyless Wallet (Wallet without Personal Key)

A self-managed wallet designed to completely eliminate private keys, helping new users easily access Web3 without worrying about traditional security issues.

Main characteristics:

• No seed phrase required
• Supports Social Login (Google, Telegram, Email…)
• Has Social Recovery feature
• Easy to integrate for dApps wanting to onboard mainstream users

DID & Verifiable Credential Toolkit

A toolkit for creating and verifying decentralized identity (DID) and verifiable credentials (VC). Designed for individual users who want to manage identity and dApps wanting to integrate KYC verification, Proof-of-Humanity, Proof-of-Attendance…

The decentralized identity (DID) creation and verification toolkit is also used for DAO Governance, Gaming (real account verification), Selective Airdrop, Decentralized Social or SocialFi applications

Other Products

• Self SDKs & API for Developers: SDK (Software Development Kit) that allows developers to easily integrate: DID into applications, Keyless login, Access verification through VC
• Privacy Layer (ZK Identity Engine): Self Chain is integrating Zero-Knowledge Proofs (ZKPs) solutions to help users: Prove identity without revealing personal information and participate in activities like voting, accessing airdrop... anonymously but reliably
• Mobile App / Wallet App: Self Chain's wallet app (being redeveloped from Frontier's old app) will integrate keyless wallet, Personal DID Module, Identity portfolio management and interaction with dApps
• Cross-chain Identity Verification: Self Chain will support identity verification across different blockchains, not limited to their own network. A person can use Self Chain identity to: Vote on a DAO on Ethereum or participate in airdrop on Solana or verify real users on Arbitrum

Information about SLF Token and Tokenomics

Token data

• Token Name: Self Chain
• Ticker: SLF
• Blockchain: Self Chain, Ethereum (ERC-20)
• Contract: Updating
• Token Type: Utility & Governance
• Total Supply: 336,000,000 SELF
• Circulating Supply: 97,000,000

Token Distribution

Specifically:

• Validator Node/ Growth Sale: 28%
• Migration Allocation: 25%
• Ecosystem: 19%
• Equity Investor Allocation: 10%
• Foundation Nodes: 10%
• Team: 8%

Token Release Schedule

Token Utilities

• Pay transaction fees on Self Chain
• On-chain governance
• Stake to protect the network
• Rewards for users providing valid identity & contributing to the ecosystem

SLF Storage Wallets & Exchanges

Storage Wallets: SLF will be compatible with ERC-20 supporting wallets like MetaMask, Trust Wallet, Coin98 and native wallet on Self Chain in the future.

Exchanges: Currently, SLF is being traded on Binance, OKX, BingX,…

Reference exchanges partnered with HC Capital:

• BingX: hulkcrypto.com/go/bingX (ref code: AZRMZC)
• OKX: http://Hulkcrypto.com/go/okx (ref code: 15835910)
• Bybit: hulkcrypto.com/go/bybit (ref code: 32672)
• Bitget: http://hulkcrypto.com/go/bitget (ref code: ezdy)
• Binance: hulkcrypto.com/go/binance (ref code: 139872038)

Development Roadmap (Self Chain 2024 – 2025)

• Q1 2024: Rename from Frontier to Self Chain, release whitepaper and testnet
• Q2 2024: Release first keyless wallet version
• Q3 2024: Integrate DID and Verifiable Credential on testnet
• Q4 2024: Launch Self Chain mainnet
• 2025: Expand multi-chain integration, ZK-Identity, Public Airdrop, and launch Grants program for devs

Development Team

Self Chain was founded and led by those behind Frontier's success:

• Ravindra Kumar (Founder & CEO): Former CTO of InstaDApp, smart contract and Android development expert.
• Vetrichelvan Jeyabal (Co-founder & CTO): Over 13 years of software development experience.
• Philip (COO): Focused on R&D and product quality management.
• Dhawal Shah (CBDO): Guiding business development strategy.

Self Chain Investors and Partners

Investors

Self Chain (previously Frontier) received support from many prominent funds and individuals such as:

• Sandeep Nailwal (Polygon Co-founder)
• Danish Chaudhry (FMFW.io Founder)
• NGC Ventures, CoinGecko Ventures, Woodstock Fund, and many others

Partners

Insights about Self Chain

Frontier's renaming to Self Chain is not just a "rebranding", but a deep product restructuring to catch up with the Web3 Identity wave. With a clear direction, experienced team, and gradually forming product, Self Chain has the potential to become a leading Layer 1 in decentralized identity infrastructure.

Summary

Self Chain is the powerful rebirth of Frontier with a new vision: to become the identity platform of Web3. This is a rapidly developing trend, opening up great opportunities for both users and investors. Please carefully consider and closely follow the roadmap to not miss this new wave!

Allinstation has answered the question about Frontier and provided information about the project's FRONT token. Please explore and evaluate to make the most intelligent investment decisions. Good luck!