# $STFX Token

The **$STFX Token** is deeply embedded into the platform and powers the entire **STFX ecosystem. Staking** and **Burning** the **$STFX Token allows Traders and Investors** to unlock a wide range of exclusive perks and benefits. 

Users are naturally directed towards **Staking** and **Burning** the $STFX token in order to **maximize their profits** and get the enhanced STFX experience. 

### $STFX Staking Utility

<figure><img src="/files/oeLvUf9I38H8EC2ioJwQ" alt=""><figcaption><p><a href="https://stfx.io/stake">STFX Staking Tiers</a></p></figcaption></figure>

Staking $STFX unlocks a series of benefits including:

* 10% APR
* Trading & Investment Rebates (up to 0.05% of personal volume)
* Greater Vault Capacities
* Greater Performance Fees
* Longer Vault Duration
* More Simultaneous Vaults
* Secret Vaults (hiding trade details)
* and much more

<figure><img src="/files/OnGioQRJtaqNYaSqwLMu" alt=""><figcaption><p>Staking $STFX unlocks bigger performance fees among many other perks</p></figcaption></figure>

The **STFX** token provides the opportunity for staking over a span of six months, enabling holders to accumulate rewards at an annualized rate of **10%**. This translates to a *5% return over the designated six-month staking period*. These rewards can be claimed and received as liquid $**STFX** tokens at any given time.

To learn more, proceed to [$STFX Staking](/staking-usdstfx.md)

{% hint style="info" %}
**Staking is available on Ethereum**- <https://stfx.io/stake>
{% endhint %}

### Tokenomics

| Name         | STFX             |
| ------------ | ---------------- |
| Ticker       | $STFX            |
| Supply       | 1,000,000,000    |
| Type         | Utility          |
| Availability | Ethereum, Solana |

**STFX** is the native token of the **STFX platform**, with a hard capped supply of **1B** units, set to exhibit deflationary properties, through buyback & burn mechanics. **STFX** is designed as a *utility token* that services many key functions within the network.&#x20;

**STFX** is currently available on the following blockchains:

<table><thead><tr><th>Blockchain</th><th>Contract Address</th><th data-hidden></th></tr></thead><tbody><tr><td>Ethereum</td><td>0x9343e24716659A3551eB10Aff9472A2dcAD5Db2d</td><td></td></tr><tr><td>Solana</td><td>HrqHpE4NQbSTjVtFSTm9i8omFfytggsS9UkccHWHWntx</td><td></td></tr></tbody></table>

### Buyback & Burn

<figure><img src="/files/zHXeTDxT0w6Gvhp3blch" alt=""><figcaption></figcaption></figure>

A simple, proven concept. Volume results in buy pressure of the native $STFX Token on the open market, of which we will burn a large amount, permanently removing supply on a weekly basis, turning the token into a deflationary asset, scaling perfectly with the increased use of the dApp itself. The more users and activity, the more $STFX token buy volume, the more $STFX tokens burned.

<figure><img src="/files/VrLpt9LGpxPjJzDC90hS" alt=""><figcaption></figcaption></figure>

### Buyback & Distribute

We have introduced an algorithm to also distribute some of these tokens back to users of the dApp. The more volume a user brings to the STFX dApp, the more they will benefit from the Buyback & Distribute system.

### Staker Rewards for Volume

The Buyback & Distribute will enable Stakers of the $STFX token to receive further rewards in the form of $STFX for every trade they are a part of, up to 0.05% of their volume (dependent on their [Staking Tier](https://medium.com/@STFX_IO/introducing-stfx-staking-tiers-5505a57a3a87)). This will be another addition that will further incentivize users to hold and stake the native token, increasing staked STFX, and adding more benefits to being a part of the STFX ecosystem. You can start staking your $STFX at [stfx.io/stake](https://stfx.io/stake) and begin earning rewards for every trade you are in.

### Governance

<figure><img src="/files/okvHG6MopWPmJJLu2h6v" alt=""><figcaption><p><a href="https://vote.stfx.io">STFX Snapshot</a></p></figcaption></figure>

The governance of STFX is fully determined by the holders of the $STFX Token. By Staking their $STFX tokens, users get twice the amount in gSTFX, the protocol escrowed governance token, thereby doubling their voting power for governance proposals.

{% hint style="info" %}
**Governance proposals and discussions are available in the official forum on**[ **https://gov.stfx.io**](https://gov.stfx.io)&#x20;

**Voting takes place on** [**https://vote.stfx.io**](https://vote.stfx.io)
{% endhint %}

{% content-ref url="/pages/tYjeLlhiIbmVFslgS0IF" %}
[DAO Manifesto](/dao-manifesto.md)
{% endcontent-ref %}

### **Distribution**

<figure><img src="/files/6RLt6bizUh7m4VVwakks" alt=""><figcaption></figcaption></figure>

<table><thead><tr><th width="210.9033515056995">Entity</th><th width="150">Amount</th><th>Description</th></tr></thead><tbody><tr><td><a href="/pages/xAYIRpy5iaQxt13qPGPU">Seed Round</a></td><td>100,000,000</td><td>Independent Angels, Traders and VCs. Seed tokens are subjected to a linear vesting period of 12 months, after a 6 months cliff, starting at the end of the public sale. </td></tr><tr><td>Public Round</td><td>150,000,000</td><td>Public token launch, projected date - January 2023.</td></tr><tr><td>Team</td><td>200,000,000</td><td>Core team that financed and built initial protocol implementation. Team tokens are subjected to a linear vesting period of 18 months, after a 6 months cliff, starting at the end of the public sale.</td></tr><tr><td>Future Contributors</td><td>50,000,000</td><td>Allocation set aside for future contributor compensation, as well as strategic partnerships with various entities. These tokens are subjected to a linear vesting period of 18 months, after a 6 months cliff, starting at the end of the public sale.</td></tr><tr><td>Community Incentives</td><td>250,000,000</td><td>Liquidity mining programs, incentives for early <strong>STV</strong> participants. These tokens are subjected to a linear vesting period of 18 months, starting at the end of the public sale.</td></tr><tr><td>STFX DAO Treasury</td><td>250,000,000</td><td>Community owned and governed treasury. These tokens are subjected to a linear vesting period of 18 months, starting at the end of the public sale.</td></tr></tbody></table>


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