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Tweet thread by Self Chain:

Self Chain Governance Update Due to recent developments that diverge from the founding vision of Self Chain, we are initiating a decisive leadership transition that reinforces our long-term vision. This marks an important step in realigning Self Chain with its core principles of decentralization, transparency, and community-driven development. Leadership Termination Ravindra Kumar’s role as CEO has been formally terminated. He will no longer hold any position, responsibility, or association with Self Chain in any capacity going forward. Ongoing Commitment All other founding members remain fully aligned with the project’s original vision and are actively committed to building and advancing Self Chain in accordance with its core values. DAO Transition Underway Self Chain is actively progressing toward becoming a fully decentralized autonomous organization (DAO). Governance mechanisms are already in motion to enable transparent, protocol-governed, community-led decision-making. This transition marks a pivotal step in strengthening Self Chain’s foundation as a secure, community-driven Layer 1. More details on the DAO structure, future roadmap, and next steps will follow shortly. Tweeted at 2:04 AM · Jun 23, 2025