With regard to the launchpad sector, Pylon Protocol is the first launchpad on Terra and developed by Terraform Lab. Recently, another launchpad has been launched on Terra and also received attention from the community by having a creative design as an IDO platform. It is StarTerra, the first gamified launchpad.
What is StarTerra?
StarTerra is one of the 2 launchpads on Terra. StarTerra has created an innovative way for people to participate in an IDO by gamifying the IDO process. This idea is from a group of specialists in Poland and is supported by the Terra founder – Do Kwon.
How does StarTerra work?
Firstly, there are 2 ways people join an IDO: Guaranteed and Lottery. With the Guaranteed pool, people are ensured of their IDO allocation. In contrast, with the Lottery pool, their allocation depends on luck, like joining a lottery.
Secondly, there are 5 tiers in StarTerra offering different ways of joining an IDO:
- Only Lottery (Tier 1 – StarTerra): People stake the least STT (500 ST) with the smallest pool weight of 5%. This pool is suitable for small investors who do not have many tokens but still want to join the IDO.
- Only Guaranteed (Tier 5 – Whalecraft): This pool is for “whale investors” who stake the largest amount of STT. Hence they are guaranteed a shared pool of 30%.
- Both Guaranteed and Lottery: (Tier 2 – Lunatics, Tier 3 – Degens, Tier – 4 – Interstellars): This is where the gaming process comes in. Each tier must stake an equal amount of 300 STT and get the same 15% share in the guaranteed pools. The 20% left is Lottery pools and will be distributed based on the game results of 3 Factions/ tiers:
It will not only have competition among tiers but also within individuals in each tier. The rank of each is updated through a leaderboard, similar to many games like this.
What is STT token?
STT is the native token of Strattera. Tokens of an IDO platform often face decreasing demand when people get their IDO token. StarTerra does not want this to happen to STT, so it has created a deflationary tokennomics (30% transactions fees spent to burn STT) and generated more use cases for STT (discussed later).
Detailed information about STT token
STT Price Today
You can check the current price of STT token on Coin98 Markets.
Coin98 Markets is a website that helps users to get updates of the real-time prices, as well as view the detailed information of a Token Metric from any project. More specifically, you can access the home page or the community page of a project or filter the coins/tokens by Market Cap, Trading Volume, etc.
STT Key Metrics
- Token Name: StarTerra.
- Ticker: STT.
- Blockchain: Terra.
- Token Standard: CW20.
- Contract: terra19pg6d7rrndg4z4t0jhcd7z9nhl3p5ygqttxjll
- Token type: Utility, Governance.
- Total Supply: 100,000,000 STT.
- Circulating Supply: 9,858,773.92 STT.
STT Token Allocation
STT Token Sales
STT Release Schedule
The total supply of 100M STT will be distributed over 39 months. And the total supply will be constantly reduced by buyback and burn mechanisms.
STT Token Use Cases
To avoid the dumping effect often seen in many IDO tokens when an IDO pool is over, StarTerra has created more use cases for STT to create holding incentives:
- Join IDO on StarTerra.
- Stake STT to earn STT rewards and weekly airdrops.
- Liquidity staking.
How to get STT token
Currently, you can only get STT from Terraswap.
How to buy STT token
How to store STT token
Team, Investors, and Partners
The core team has Wojciech Gruszka, Kamil Jarzombek – 2 tokenomics experts in Poland.
StarTerra is supported by the Terra Founder – Do Kwon.
Is StarTerra (STT) a good investment?
I hope that from all the mentioned information, you can get a basic understanding of Orion Money to start researching more about this project. It is hard to tell firmly whether any project/ token is a good investment or not.
However, I will provide you with some key highlights of Orion Money so that you can do your own research and make your own investment decisions.
StarTerra is part of Terra blockchain, which is currently in the top 4 blockchains with the highest TVL. It has recently finished the Columbus 5 update, which promises a wave of new projects on Terra. This will undoubtedly create demand for an IDO platform soon.
Starterra has a creative approach to IDO experiences. It is the first gamified launchpad, which makes the IDO process more appealing to participants. Besides that, StarTerra also has its own mechanism to create more incentives to hold STT (buyback, various use cases,…)
StarTerra is supported by the Terra founder and the top-tier investor Hashed.
Despite going live for just 3 months, StarTerra has partnered with certain key projects in Terra Ecosystem. For instance, it has completed sales of Loop Finance (1 of the 3 key AMM on Terra) with a total raised of $2.5M. Some upcoming pools are StarTerra (launchpad), Orion Money (saving),…, which are all notable names in the Terra ecosystem.
Some similar projects:
- Pylon Protocol (MINE): Launchpad on Terra.
- PolkaStarter (POLS): Multichain launchpad.
What is Mercurial Finance (MER)? All about MER Tokens
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