STG(StargateToken) Project Analysis-CoinW Institute
STG(StargateToken)Project Analysis
1.Institute Short Review
STG’s project-side team is LayerZero Labs, the first and only bridge to solve the bridge trilemma, and their product focuses on unlocking seamless composability; enabling the wrapping of all existing DeFi applications. For example, SushiSwap users want to swap wBTC on Ether for JOE on Avalanche. In this case, they can now perform this operation in a single transaction on the source chain without leaving the SushiSwap UI. this provides a complete unified experience for multi-chain applications like SushiSwap, Abracadabra, etc. Currently, Sequoia, FTX Ventures and A16z lead crypto co-lead a $135 million Series A+ investment in the team at LayerZero Labs, which is developing a protocol designed to connect decentralized applications across multiple blockchains.
2. Recent Breakout Points
DEFI
3.Project Description
Stargate is a fully composable liquidity transfer protocol at the heart of Omnichain DeFi. Using Stargate, users and dApps can transfer native assets across chains while accessing the protocol’s unified liquidity pool, instantly guaranteeing ultimate certainty. With Stargate, the universe is infinite. Suppose a SushiSwap user wants to swap wBTC on Ether for JOE on Avalanche. In this case, they can now perform this operation in a single transaction on the source chain without leaving the SushiSwap UI. this provides a complete unified experience for multi-chain applications such as SushiSwap, Abracadabra, etc.
4.Token roles
(1).Transfer: 1:1 native asset exchange across chains, with access to Stargate’s unified liquidity pool.
Stargate transfers have instant guaranteed finality; transfers submitted on the source chain are guaranteed at the destination.
(2) Pool: Adds liquidity to Stargate’s Omnichain protocol and receives a stablecoin bonus on every Stargate transfer. Liquidity providers can also earn STG token rewards by growing their LP tokens.
(3) Farm: Stargate liquidity providers can farm their LP tokens in exchange for STG rewards.
Earn STG and become a member of the Stargate community.
(4) Stakes: STG holders can lock their STG tokens to receive Stargate’s governance tokens veSTG.
The longer a user pledges STG tokens, the more veSTG they receive.
5.Token Economic Model
Total supply: 23,692,048.307648 STG
Holders: 4,963 addresses
Number of transactions: 88,455
6.Investment Institutions
Sequoia, FTX Ventures and A16z led a $135M crypto round, with Coinbase Ventures, PayPal Ventures, Tiger Global and Uniswap Labs. the company has previously raised $2M from Binance Labs, Multicoin Capital and Sino The company had previously raised $2 million in seed funding and $6 million in Series A funding from Binance Labs, Multicoin Capital and Sino Global Capital, among others.
7. community
telegram:6766 people
twiter:27,500
reddit:none
discord:8583 people
8. Future Outlook
layerzero has announced the launch of its main website and gained another capital boost with the layerzero team’s product, the Stargate bridge, which is currently trading at $3 with a market cap of $3 billion. In less than two weeks since launch, the bridge has sent more than $264 million in transfers. layerZero currently supports seven networks, including Ethereum, Avalanche and Fantom, and with a steady growth in coin-holding addresses, it is expected to become a cross-chain leader in the future.
Basic Information
Project Description: Introduces a fully composable native asset bridge with unified liquidity and instant guaranteed finality built on top of LayerZero. That is, complete with: Lock + Mint and Burn + Exchange, native assets and unified liquidity, and composability.
Full token name: StargateToken
Token Name: STG
Project website: https://stargate.finance/
Project Documentation: https://medium.com/stargate-official
Block Query.
https://bscscan.com/token/0xb0d502e938ed5f4df2e681fe6e419ff29631d62b
Liquidity Query.
https://bscscan.com/address/0xb0d502e938ed5f4df2e681fe6e419ff29631d62b
CoinW Institute
