Frontier (FRONT) is a token of the DeFi aggregation platform, which is independent of the chain. With the application, users can monitor and manage protocols, place bets, exchange tokens, provide liquidity, create and monitor a secured debt position (CDP).

Frontier news today, FRONT crypto latest news of token ticker

Frontier

Self Chain’s crypto economic system is designed to promote a healthy, long-term, self-sustaining economy with participant incentives aligned to the security and decentralization of the network.

$SELF is the native token that powers the Self Chain network and its ecosystem.

Let’s dive in:

The Self Chain economy has three main sets of participants:

1. Users or Network Participants who use, develop, create, or interact with any aspect of the Self Chain network;
2. Token Holders who either stake their tokens to validators or pay fees to interact with assets and dApps;
3. Validators that manage transaction processing and execution on the Self Chain network.

The $SELF token serves the following purposes, among others:

- Token holders can stake $SELF to participate in the proof-of-stake mechanism to secure the network in exchange for rewards;
- $SELF is the asset needed for paying gas fees on any activities on the Self Chain network;
- $SELF can be used as a versatile and liquid asset for various Web3 applications;
- Acting as a right to participate in on-chain governance for future changes or upgrades.

Self Chain is a proof-of-stake blockchain powered by the @cosmos SDK and secured by a system of verification called the Tendermint consensus.

Therefore, the $SELF token will play an essential role in protecting the integrity and security of the blockchain by acting as bonded assets for validators and their delegators.

A more comprehensive explanation of the $SELF Tokenomics and values is coming soon.

Read More: https://t.co/8nr0zLF3wF

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Learn more about Self chain Tokenomics 👇

Learn more about Self chain Tokenomics.