At Roqqu, we are committed to keeping you updated on important updates and changes within the platform. Recently, we completed the migration of Frontier ($FRONT) tokens to Selfchain ($SLF) following Frontier’s successful rebrand and the launch of its mainnet.
The Reason for the Migration
Frontier started as a decentralized finance (DeFi) platform to give users seamless control over their crypto assets. Over time, the team behind Frontier realized that it needed to evolve to grow and better serve its users. This rebranding to Selfchain was driven by a need to represent a broader vision that focuses on building a more interconnected and empowered blockchain ecosystem.
Selfchain symbolizes a future where users have greater autonomy and access to an expanded set of tools and features in the crypto ecosystem. The rebranding marks a natural progression for the platform, positioning Selfchain as a major player with a renewed mission.
One of the concerns Selfchain’s community raised was the increase in the total supply of $SLF compared to $FRONT. Frontier had communicated this change as early as January 2024, and a decisive vote was held, resulting in strong support for the adjustment. Initially, Selfchain was intended to operate as its own Layer 1 blockchain.
The decision to allow Frontier ($FRONT) holders to benefit from the blockchain’s launch was a bonus that Frontier believed would push the project forward. The total supply was set at 360 million $SLF, an increase from $FRONT’s previous total supply.
The adjustment was critical for several reasons:
- Network Security: To protect the Selfchain network against potential 51% attacks, increasing the total supply was essential to ensure higher collateralization.
- Attracting Investors: The updated tokenomics were designed to attract both investors and node operators, which is crucial for running a secure and efficient Layer 1 blockchain.
- A New Era: Moving from a simple utility token to a Modular Intent-Centric Access Layer 1 Blockchain required a more comprehensive tokenomics structure to support the enhanced functionality and infrastructure.
The Migration Process
On October 14, 2024, we facilitated the migration of all $FRONT tokens to $SLF on our platform. The conversion occurred automatically at a 1:1 ratio, meaning that for every $FRONT token you held, you now own an equivalent amount of $SLF. This migration was similar to other successful transitions in the crypto space, like BTT to BTTC and LUNA to LUNC.
The best part? You didn’t have to do anything. We handled the entire process seamlessly. Your assets remain unchanged in value and quantity — only the name has been updated to reflect the new brand.
What Does This Mean for You?
This migration is purely a branding update, so your tokens continue to function exactly as before, with no disruptions to your holdings or how you interact with them on the platform. Selfchain is positioned to offer more exciting opportunities in the future, and we’re excited for what lies ahead.
At Roqqu, we always strive to ensure that these changes are as smooth as possible for our users, and this migration was no different. We thank you for your continued support and trust in Roqqu as we work to provide you with the best experience possible.
