jakiro
Author: Climber, Bitchain Vision Realm
The current project renovation is the norm. Recently, MakerDao is renamed Sky Protocol, MATIC is renamed POL, Fantom renamed Sonic Labs, etc., but usually to tokens give investors equivalent to investors when the tokens are replaced.However, recently, some project parties have played “Sao operation”, but to the increase in token 4 times, it is still only replaced by the original proportion.
On August 30, Binance announced that the FRONTIER (Front) token replacement and brand upgrade to Self Chain (SLF). SLF will be used as a new Front token code, and all Front tokens will follow 1 Front = 1 SLF ratio.Replace it with SLF token.
However, it is such an announcement that caused dissatisfaction and discussion of community members. The main reason is that FRONT has increased by 4 times that FRONT’s number of contemporary currencies was changed, from the original 90 million to 360 million, but the replacement compensation is still pressed by the replacement compensation.The original proportion undoubtedly made investors’ token value diluted.Prior to the announcement of the Binance announcement, it was accused by the community in a timely manner. So did the project party Frontier really have been concealing the additional information?What do members of the community look at this matter?
FRONT was renamed SLF, and Binance was accused of lack of additional distribution information
After Binance officially renamed FRONT and launched SLF, KOL@Bitcoin136 said that because Binance was not able to refer to the name of the FRONT rename on August 19And suffered losses in funds.
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At the same time, he also posted a chat record with the artificial customer service with Binance. During the conversation, the customer service repeatedly stated that users need to investigate the background information of the project party.In addition, Binance also said in the subsequent reply that they did not include tos to the announcement in the announcement, and the subsequent process will be optimized later.
@Bitcoin136 also mentioned that another exchange Gate.io stated in the earlier announcement that Front issued information.Therefore, I hope that Binance can give the corresponding reply on this incident.
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@Bitcoin136’s remarks have also attracted the support and approval of many community members. They have accused the project of the project party’s renamed token and the unsuccessful work of Binance and the unable to fully disclose information.
In fact, Binance did not indeed mention the addition of token issuance in the announcement of token issuance in the announcement of the FRONTIER (Front) tos to the SELF Chain (SLF) announcement on August 19th and August 30th.However, in the announcement on September 1, Binance has updated the change in the total supply of SLF token.
The announcement of the announcement is: Please note that after the brand upgrade, the total supply of token will increase from 90,000,000 to 360,000,000. Users can refer to the SLF project tokens to announce more information.
However, as of the end of writing, Binance still did not make further explanations and reply to the incident of the lack of token issuance.
A hot discussion on the community, the SELF CHAIN Singapore Coin proposal hidden in the beginning of the year
Many community members issued their own questions and views on the encounters of@bitcoin136 and similar Front holders.
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The analyst on the chain @Defioasis believes that the SLF token is added 4 times and the user is 1: 1, which is equivalent to 75%diluted by the user.The previous project voting also showed that the behind -the -scenes of the tokens were manipulated by the project.
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KOL@NFT_HU means that Binance and the project party do too much. After the token is added, it should not be replaced at a ratio of 1: 1.In the announcement, there is no additional explanation that will make investors think that the total default tokens are unchanged, which is to use vulnerabilities to deceive users.
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KOL@hongshen6666666666666666666666666666666666666666666666666666666666666666666666BTC also said that the project party has no bottom line for the increasing behavior of FRONT coins.
Kol@bingege888 clearly questioned why Binance approved the currency exchange behavior of the increasing project, and asked Binance’s process of renamed the new coin on old projects.
There are more exciting community members who believe that the incident of this issuance is a leek cutting behavior initiated by the Binance United project party, but in fact, there is no evidence that Binance has indeed participated in it.
For this renamed additional business, Self Chain officially explained and explained.
8月31日，Self Chain在博客中写道，关于为什么SLF的总供应量相对于FRONT有所增加，团队在启动品牌转换和代币交换之前，Self Chain DAO就从2024年1月12日到A voting proposal was held on January 19, and the proposal included details such as the increase, distribution, unlocking timetable and use of the total supply volume of SLF. The voting results reached a 100%approval rate.
The total supply of SLF has been set at 360 million, which is higher than the total supply before FRONT.28.8% of the total supply will be released on TGE at about 103.6 billion SLF.90 million self -relocation allocation and 13.6 million self -ecosystem allocation.Therefore, 3.78% of new tokens will be issued on TGE.
At the same time, Self Chain hopes that FRONT holders can benefit from the replacement and rename. The specific reasons for the adjustment are:
Cyber security: In order to protect the 51%attack of the self -chain network bracket, it is necessary to increase the total supply to ensure a higher proportion of hosting.
Attract investors: New token economics aims to attract investors and equity holders, which is essential for the first -level blockchain of running safely.
New Age: From a simple tokens to the first -level blockchain centered on strategy, it requires a more comprehensive token economic structure to support enhanced functions and infrastructure.
summary
Recently, more and more project parties have renamed brand names, including well -known projects. As mentioned above, token replacement should ensure the rights and interests of investors.Although Binance failed to disclose the additional information in time, Self Chain, as a responsible subject, should be replaced according to the additional tokens after the increased tokens.
