What is the issuance amount of Stargate Finance (STG) coins?

Stargate Finance (STG) has a capped issuance amount of 1 billion tokens, distributed to various stakeholders, including the team, seed sale participants, strategic investors, and public sale contributors.

Dec 02, 2024 at 03:24 am

What is the Issuance Amount of Stargate Finance (STG) Coins?

Stargate Finance (STG) is a decentralized liquidity transfer protocol that allows users to seamlessly transfer liquidity between different blockchains. The STG token is the native utility token of the Stargate Finance ecosystem and plays a crucial role in its operation.

Issuance Amount of STG Coins

The total issuance amount of Stargate Finance (STG) coins is capped at 1 billion (1,000,000,000). The tokens are distributed as follows:

• Team: 20% (200,000,000 STG)
• Seed Sale: 30% (300,000,000 STG)
• Strategic Round: 25% (250,000,000 STG)
• Public Sale: 25% (250,000,000 STG)

Utility of STG Coins

STG coins have a variety of utilities within the Stargate Finance ecosystem, including:

• Governance: STG holders can participate in the governance of the Stargate Finance protocol by voting on proposals related to its development and operation.
• Fees: STG is used to pay transaction fees on the Stargate Finance network.
• Liquidity Provision: Users who provide liquidity to Stargate Finance pools receive STG rewards.
• Staking: STG holders can stake their tokens to earn additional STG rewards.

Token Distribution Schedule

The release schedule for STG coins is as follows:

• Team: Tokens are released over a 3-year period.
• Seed Sale: Tokens are released over a 6-month period.
• Strategic Round: Tokens are released over a 12-month period.
• Public Sale: Tokens are released immediately.

Conclusion

The issuance amount of STargate Finance (STG) coins is capped at 1 billion. The tokens are distributed to various stakeholders, including the team, seed sale participants, strategic investors, and public sale contributors. STG coins have several utilities within the Stargate Finance ecosystem, including governance, payment of transaction fees, liquidity provision, and staking. The token distribution schedule is designed to ensure a fair and sustainable distribution of STG tokens.