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

The initial issuance price of Stargate Finance's (STG) coins was set at $0.025 USD during the public sale event held in March 2022.

Nov 29, 2024 at 11:22 am

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

Understanding Stargate Finance and STG Coins

Stargate Finance is a decentralized cross-chain liquidity transfer protocol that allows users to seamlessly bridge assets across different blockchains while maintaining their liquidity. The network employs a liquidity hub system and a modular architecture to facilitate efficient and secure cross-chain asset transfers.

At the heart of Stargate Finance lies the STG token, a utility and governance asset that governs the protocol and enables users to participate in protocol governance, earn rewards, and pay transaction fees.

STG Coin Issuance Details

1. Issuance Model:

STG coins were initially distributed through a fair launch model, ensuring equitable distribution among early adopters and long-term supporters of the Stargate Finance project.

2. Issuance Price:

The initial issuance price of STG coins was determined during the public sale event held in March 2022. During the sale, 1 STG coin was priced at $0.025 USD.

3. Issuance Amount:

The total issuance amount of STG coins is capped at 1 billion tokens. Of this supply, 30% (300 million STG) was allocated to the public sale, while the remaining 70% is reserved for the protocol treasury, incentivization programs, ecosystem development, and team compensation.

4. Distribution Schedule:

The distribution of STG coins followed a gradual schedule to ensure controlled allocation and market stability. The initial distribution included the sale of 300 million STG during the public sale, while the remaining 700 million would be released over a vesting period of several years to support the protocol's growth and adoption.

5. Token Allocation:

The allocation of STG coins was designed to ensure fair distribution and long-term alignment of incentives among stakeholders. The token distribution breakdown is as follows:

• Public Sale: 30% (300 million STG)
• Protocol Treasury: 25% (250 million STG)
• Liquidity Mining and Rewards: 20% (200 million STG)
• Team and Advisors: 15% (150 million STG)
• Ecosystem Development Fund: 10% (100 million STG)

Implications of STG Coin Issuance:

The issuance and distribution of STG coins play a crucial role in the development and sustainability of the Stargate Finance ecosystem. Here are some key implications:

1. Decentralized Ownership: The fair launch distribution model ensures that STG ownership is widely distributed among the community, promoting decentralization and community involvement.
2. Valuation and Liquidity: The issuance price of $0.025 USD established an initial valuation for STG coins. The total issuance amount and vesting schedule provide a framework for supply management and liquidity planning.
3. Governance and Rewards: STG holders have the ability to participate in protocol governance and earn rewards through liquidity provision and staking.
4. Ecosystem Development: The allocation of STG to the treasury and ecosystem development fund supports the ongoing maintenance, expansion, and innovation within the Stargate Finance network.
5. Team and Advisor Alignment: The allocation of STG to the team and advisors incentivizes their long-term commitment to the project's success and alignment with community interests.