What is Stargate Finance (STG)? Complete set of STG cryptocurrency
Description of What is Stargate Finance (STG)? Complete set of STG cryptocurrency
What is Stargate Finance?
Stargate Finance is a Cross-Chain Bridge built on LayerZero . This is also the first dapp to work on LayerZero, Stargate takes advantage of layerZero's infrastructure to build liquidity pools on the Blockchains supported by the project, thereby forming a cross-chain liquidity network connecting the blockchains that LayerZero supports. aid.
Stargate Finance's vision is to make cross-chain liquidity transfers a simple and seamless transaction process between blockchains.
Highlights of Stargate Finance
Stargate Finance is the first Cross-chain Bridge to solve the dilemma of cross-chain token migration including:
- Security: Based on LayerZero's oracle and relayer cross-verification technology , users & applications can trust that when they successfully execute a transaction on the source chain, that transaction will reach the destination chain with security. all high.
- Native assets: Users and applications trade native assets in liquidity pools instead of wrapped tokens. This reduces the need for additional transactions to obtain the desired tokens.
- Unified Liquidity: Based on LayerZero technology, Stargate Finance allows users to collectively access a single pool of liquidity across multiple chains creating deeper liquidity for users and applications across multiple chains.
Benefits of holding STG Token
Token usecase of STG token:
- LP reward: Liquidity providers can also fund Stargate Protocol for STG rewards.
- veSTG: STG holder locks STG tokens to receive veSTG, the longer the lock time, the more veSTG users receive. veSTG has the right to participate in the administration of Stargate Protocol and many other benefits.
Project team, investors & partners
Project team
The project team building Stargate Finance is the team of LayerZero
Investors
Team has not announced Stargate Finance investors.
Partner
Stargate has blockchain partners and cross-chain liquidity service providers such as Arbitrum, Optimism, Avalanche, SushiSwap, OmniBTC...
Roadmaps & Updates
Updating…
Token Information of Stargate Finance (STG)
Key Metrics STG token
- Token Name: STG
- Ticker: STG
- Blockchain: multi-blockchain
- Token Standard: native token của Stargate Finance
- Token type: Governance & Utility
- Total Supply: 1,000,000,000 STG
- Circulating Supply: 133,272,369 STG
STG Token Allocation
STG total supply Allocation:
- Team: 18%
- Investors: 18%
- Protocol Launch: 15%
- Initial emissions program: 2%
- Bonding curve DEXs: 1%
- Bonding curve: 16%
- Community: 30%
STG Token Sale
Stargate Finance launches the project by organizing the STG token sale, the token sale is divided into 2 different phases: Launch Auction & Bonding.
Launch Auction:
- 100M STG tokens will be auctioned, locked for 12 months, linear vesting for 6 months.
- The maximum price per STG is 0.25 ($25M Hardcap).
- This 100% liquidity will be used in conjunction with another 50M STG giving CurveV2 to create initial liquidity for the protocol.
Bonding:
- At the end of the auction, Stargate Token Sale enters the 2nd phase - bonding;
- Bonding Curve will run from $0.5 - $1.5, Bodning Curve will be live on all 7 blockchains, users can buy STG directly from here, unlock 100% but with quite high price from x2 - x6 times the price of Phase 1;
- Bonding curve will end after 72 hours from the start or after the token is sold out;
STG Token Release Schedule
Below is the Token release schedule of the STG token:
- Team: Lock 1 year, Linear vesting 2 years.
- Investors: Lock 1 year, Linear vesting 2 years.
- Token sale phase 1: Lock 1 year, linear vesting 6 months.
- Initial Liquidity: Unlock 100%.
- Token sale Phase 2: Unlock 100%
How to earn and own STG tokens
Two popular ways to earn STG tokens at the moment:
- Join to buy STG in token sale phase 1 & 2.
- Provide liquidity to Stargate for an opportunity to earn STG tokens.
Storage wallet & exchange STG
STG token storage wallet
STG is an ERC-20 token, so it will be stored on Coin98 Wallet according to the following steps:
Step 1: At the main interface, select Receive.
Step 2: Enter STG in the search box.
Step 3: Copy the STG wallet address and send the STG token to this address.
STG Token Exchange
After the token sale phase 1, STG will be traded on Curve Finance.
Currently, STG can be traded on many different CEX DEX exchanges such as Binance, Coinbase, FTX, PancakeSwap, Trader Joe, Uniswap....
How to channel information of Stargate Finance
- Telegram: https://t.me/joinchat/LEM0ELklmO1kODdh
- Twitter: https://twitter.com/StargateFinance
- Discord: https://discord.com/invite/stargatefinance
- Medium:https://medium.com/stargate-official
Similar projects
Synapse Protocol (SYN) : Synapse is a cross-chain bridge that uses liquidity pools to facilitate the transfer of tokens across different blockchains.
