Regulated
Austria based and European regulated crypto & securities broker platform
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ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Name | Bitpanda Asset Management GmbH, Bitpanda GmbH |
Relevant legal entity identifier | 9845005X9B7N610K0093, 5493007WZ7IFULIL8G21 |
Name of the crypto-asset | Self Chain |
Consensus Mechanism | Self Chain utilizes a Delegated Proof of Stake (DPoS) consensus mechanism, prioritizing speed, scalability, and decentralization through stakeholder-driven validation. This consensus model enables efficient block production and decision-making by delegating responsibility to a limited number of elected validators. Core Components: Delegated Proof of Stake (DPoS): Self Chain allows token holders to vote for validators by delegating their stake. These elected validators are responsible for producing and validating blocks, ensuring efficient network operation. Validator Election: Validators are chosen based on the number of votes they receive, which is proportional to the stake delegated by token holders. This ensures that validators represent the interests of the community. Rotational Block Production: Validators take turns producing blocks in a predetermined sequence, ensuring fair participation and minimizing downtime. Byzantine Fault Tolerance (BFT): Self Chain’s DPoS integrates BFT principles, enabling the network to achieve consensus even if some validators act maliciously or are offline, maintaining resilience and security. On-Chain Governance: The consensus mechanism incorporates on-chain governance, allowing stakeholders to propose and vote on protocol upgrades, parameter changes, and other network decisions, fostering community-driven development. |
Incentive Mechanisms and Applicable Fees | Self Chain’s incentive structure and fee model are designed to promote active participation, ensure network security, and support sustainable growth. Incentive Mechanism: Validator Rewards: Validators earn rewards in the native Self Chain token for producing and validating blocks. These rewards are distributed based on their performance and uptime, incentivizing consistent and honest participation. Delegator Rewards: Token holders who delegate their stake to validators receive a share of the validator’s rewards, encouraging broader participation in securing the network. Governance Incentives: Active participants in on-chain governance, such as voting on proposals, may earn additional rewards, fostering a collaborative and engaged community. Applicable Fees: Transaction Fees: Users pay transaction fees in the native token for transferring assets, interacting with smart contracts, and executing other network activities. These fees are distributed among validators and delegators. Dynamic Fee Adjustment: The network employs a dynamic fee model, adjusting fees based on network usage and congestion to ensure cost efficiency and prevent spam transactions. Sustainability Fund Allocation: A portion of transaction fees may be allocated to a sustainability fund to support long-term development, infrastructure upgrades, and ecosystem growth. |
Beginning of the period | 2024-09-14 |
End of the period | 2025-09-14 |
Energy consumption | 45990.00000 (kWh/a) |