🪙$STFX Token
Last updated
Last updated
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.
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
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 is available on Ethereum- https://stfx.io/stake
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.
STFX is currently available on the following blockchains:
Ethereum
0x9343e24716659A3551eB10Aff9472A2dcAD5Db2d
Solana
HrqHpE4NQbSTjVtFSTm9i8omFfytggsS9UkccHWHWntx
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.
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.
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). 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 and begin earning rewards for every trade you are in.
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.
Governance proposals and discussions are available in the official forum on https://gov.stfx.io
Voting takes place on https://vote.stfx.io
100,000,000
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.
Public Round
150,000,000
Public token launch, projected date - January 2023.
Team
200,000,000
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.
Future Contributors
50,000,000
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.
Community Incentives
250,000,000
Liquidity mining programs, incentives for early STV participants. These tokens are subjected to a linear vesting period of 18 months, starting at the end of the public sale.
STFX DAO Treasury
250,000,000
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.
