What Is StarTerra Token (STT)?
StarTerra is a gamified launchpad seeking to comprise guaranteed prize pools. The StarTerra platform has been established by and for the community. The platform is built with gamified NFT integration and a play2earn model.
The team of StarTerra identified that most of the launchpad platforms do not have sufficient requirements for their native tokens. The main cause of the problem is that predetermined entry amounts are agreed upon for the individual tiers, which does not incentivize users to obtain extra native tokens. It eventually gives no incentive to traders to trade for additional IDO tokens. An IDO (initial DEX offering) is a cryptocurrency offering that functions on a decentralized exchange (DEX), providing a simple and inexpensive method for projects to allocate their tokens. Thus, the StarTerra team aimed to create a gamified platform that involves competition among tiers, enabling their affiliates to stake extra native tokens of the platform instead of the least required amount. Additionally, the platform aims to provide an experience of the real computer game to users.
The platform features gamified NFTs, play2earn, and multi-asset staking created on the Terra ecosystem. Terra is a programmable public blockchain payment platform intertwined with stablecoins to seek to offer extra stability while carrying out cross-border transactions. The native token of the platform is STT, a cryptographically safe fungible token. The token is designed to be employed as an interoperable utility token on the StarTerra platform, having the ability to share data with other blockchains.
The platform seeks to offer incentives to the token holders on holding and using STT tokens. The stakers can aim to receive passive income from everyday STT rewards. STT also works as a governance token. It enables token holders to advise and vote on on-chain governance plans to identify parameters and features of the platform for the future.
History of StarTerra Token (STT)
The launch of the StarTerra platform took place in 2021. Wojciech Gruszka, a lawyer and an adviser for blockchain projects, is the founder and the CEO of the platform.
The maximum total supply of STT tokens is 100 million tokens.
