Whitepaper
Introduction
StellarToken, a groundbreaking cryptocurrency with a vision to revolutionize the digital asset landscape. With a total supply of 6.9 billion tokens, StellarToken combines innovative features to create a unique and rewarding ecosystem for its holders.
One of the standout features of StellarToken is its buy and sell tax of 3%. This tax is automatically burned, reducing the overall token supply over time. This deflationary mechanism promotes scarcity and potentially drives up the value of each token, providing an added incentive for long-term holders and contributing to the token's overall deflationary nature.
StellarToken also offers staking rewards, allowing token holders to earn a passive income on their investment. With a generous staking rewards program of 7%, participants can stake their tokens and earn additional StellarTokens as a reward for supporting the network. This feature not only encourages token holders to actively engage with the ecosystem but also provides them with a reliable and consistent income stream.
But the innovation doesn't stop there. StellarToken takes staking rewards to the next level with its unique NFTs (Non-Fungible Tokens). These NFTs not only hold artistic and collectible value but also provide a significant boost to staking rewards. By owning and staking these NFTs, token holders can enjoy even higher staking rewards, creating an exciting synergy between the world of NFTs and the financial benefits of staking.
StellarToken aims to redefine the cryptocurrency experience, offering a deflationary model, attractive staking rewards, and a seamless integration of NFTs. Whether you're a long-term investor, a passionate NFT collector, or simply someone looking to participate in a dynamic and rewarding ecosystem, StellarToken has something to offer for everyone. Join us on this thrilling journey and unlock the full potential of your digital assets.
What is DeFi?
DeFi, short for Decentralized Finance, is a revolutionary concept that is reshaping the financial industry. It encompasses a vast ecosystem of decentralized applications and protocols that aim to provide financial services without the need for intermediaries like banks. By leveraging blockchain technology, DeFi platforms enable users to transact directly with each other, democratizing access to financial services and eliminating barriers imposed by traditional systems. These platforms offer a wide range of services, including lending, borrowing, trading, and investing, all with increased transparency, efficiency, and inclusivity.
DeFi introduces a new level of trust and transparency by recording transactions and smart contracts on a public ledger. This verifiable and tamper-proof system builds confidence and mitigates the risks associated with centralized systems. Additionally, DeFi's modular nature allows for the composability of different protocols, fostering innovation and customization. However, it's important to approach DeFi with caution, as the industry is still in its early stages and vulnerabilities in smart contracts can pose risks. Overall, DeFi represents a paradigm shift in finance, empowering individuals worldwide to take control of their financial future and opening up new possibilities for financial inclusion and innovation.
What is NFT?
NFT, or Non-Fungible Token, is a groundbreaking concept within the realm of digital assets. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are unique and indivisible tokens that represent ownership of a specific item or piece of content. These items can range from digital artworks, collectibles, virtual real estate, music, videos, and even virtual identities. What sets NFTs apart is their ability to provide verifiable proof of ownership and authenticity, thanks to blockchain technology.
NFTs have gained tremendous popularity due to their ability to revolutionize ownership and monetization in the digital age. Artists and content creators now have a new way to showcase and sell their creations directly to a global audience, without the need for intermediaries. NFTs provide creators with the opportunity to monetize their work through royalties, allowing them to earn a percentage each time their NFT is sold in the secondary market. Collectors, on the other hand, are drawn to NFTs for their exclusivity and the ability to truly own a unique piece of digital history. With NFTs, a new era of digital ownership and creative expression has emerged, transforming the way we perceive and interact with digital assets.
What is Staking?
Staking is a process within the realm of blockchain and cryptocurrency that enables individuals to participate in the validation and consensus mechanisms of a network. It involves holding and "staking" a certain amount of tokens in a compatible wallet or platform, which helps secure the network and maintain its operations. By staking their tokens, participants actively contribute to the network's security, decentralization, and overall stability.
In return for staking their tokens, participants are often rewarded with additional tokens or rewards. These rewards serve as an incentive for individuals to stake their tokens rather than simply holding them. The rewards can vary depending on the network and its specific rules, but commonly include newly minted tokens, transaction fees, or a portion of the network's revenue. Staking provides individuals with a passive income stream, allowing them to earn rewards while holding their tokens and supporting the network's growth. Additionally, staking helps foster a more engaged and committed community, as participants have a vested interest in the network's success and are actively involved in its governance and decision-making processes.
What StellarToken brings to the investors
StellarToken brings a multitude of benefits and opportunities to investors, making it an enticing asset to consider. Here's a glimpse of what StellarToken brings to the table:
Potential for Value Appreciation: With a total supply of 6.9 billion tokens, StellarToken offers a limited and finite asset. The buy and sell tax of 3% that is burned contributes to a deflationary mechanism, reducing the token supply over time. This scarcity can potentially drive up the value of each token, presenting investors with the opportunity for value appreciation as demand increases.
Staking Rewards: Investors in StellarToken can take advantage of staking rewards, earning a passive income on their holdings. The staking rewards program offers an attractive rate of 7%, allowing investors to earn additional tokens simply by holding and staking their StellarTokens. This incentivizes long-term participation, fosters network stability, and provides investors with a consistent income stream.
Synergy with NFTs: StellarToken embraces the exciting world of Non-Fungible Tokens (NFTs) and combines it with the benefits of staking. By owning and staking NFTs within the StellarToken ecosystem, investors can enjoy enhanced staking rewards. These NFTs not only hold artistic and collectible value but also provide a tangible financial advantage, giving investors an additional avenue for growth and potential profitability.
Engaging and Rewarding Ecosystem: StellarToken aims to create a vibrant and interactive ecosystem that keeps investors engaged. By participating in the StellarToken community, investors can access exclusive events, collaborations, and opportunities. The ecosystem fosters a sense of community and offers unique experiences, ensuring that investors are not only financially rewarded but also actively involved in shaping the future of StellarToken.
With its potential for value appreciation, staking rewards, integration of NFTs, and an engaging ecosystem, StellarToken provides investors with a compelling proposition. Whether you're looking for long-term investment potential, passive income opportunities, or the excitement of the NFT space, StellarToken brings a range of benefits that cater to diverse investor interests. Take part in this innovative cryptocurrency and unlock the numerous opportunities it has in store.
Tokenomics - StellarToken
Network: Polygon
Name: StellarToken
Symbol: $STLLER
Contract Address: Coming soon
Total Supply: 6.9 billion
Token Distribution - StellarToken
Why allocate 4% to Dev Wallet?
Allocating 4% of the tokens to the Dev Wallet serves an important purpose in supporting the ongoing development and long-term sustainability of the project. By locking this portion of tokens for a period of 365 days, it ensures that the development team has access to resources that can be utilized for continuous improvements, bug fixes, feature enhancements, and overall project maintenance.
Locking the tokens for a specified duration demonstrates the team's commitment to the project's growth and stability. It helps align the interests of the development team with the token holders by encouraging them to work diligently towards achieving the project's objectives, knowing that their allocated tokens will be utilized responsibly for project-related activities.
This locked allocation not only provides the development team with the necessary resources but also instills confidence in the community, showcasing a transparent approach to token distribution. It assures token holders that a portion of the token supply is dedicated to supporting the project's ongoing evolution, promoting innovation, and ensuring the delivery of high-quality updates and enhancements.
By implementing a lock period of 365 days, it ensures that the tokens allocated to the Dev Wallet cannot be immediately sold or transferred, emphasizing the team's long-term commitment to the project's success. This approach helps to mitigate short-term market fluctuations and encourages the development team to focus on sustainable growth and value creation for the project and its community.
Overall, allocating 4% of the tokens to the Dev Wallet and locking them for 365 days demonstrates a responsible and strategic approach to resource allocation, fostering trust, and contributing to the project's long-term viability.
Why allocate 10% to Marketing Wallet
Allocating 10% of the tokens to the Marketing Wallet signifies the project's recognition of the critical role that marketing plays in driving awareness, adoption, and growth. By designating this portion of tokens specifically for marketing activities, the project demonstrates a proactive approach to promoting itself and reaching a wider audience.
Having an immediate allocation for marketing purposes empowers the project's marketing team to implement impactful strategies right from the start. It enables them to develop and execute comprehensive marketing campaigns, engage in targeted advertising, create compelling content, and leverage various channels to effectively communicate the project's value proposition to potential users, investors, and stakeholders.
This allocation ensures that the marketing team has the necessary resources readily available to deploy marketing initiatives without delay. It allows them to seize opportunities, adapt to market trends, and effectively compete in the ever-evolving landscape of the cryptocurrency industry.
By allocating a significant percentage of tokens to the Marketing Wallet, the project demonstrates its commitment to driving visibility, attracting new users, and building a strong community. The availability of these tokens empowers the marketing team to explore innovative strategies, collaborate with influencers, establish partnerships, and implement outreach programs that can help propel the project's growth trajectory.
Furthermore, having an immediate allocation for marketing activities enables the project to create a positive brand image, generate buzz, and build credibility within the industry. It allows the team to effectively communicate the project's unique features, benefits, and milestones to potential users and investors, fostering trust and confidence in the project's potential.
In summary, allocating 10% of the tokens to the Marketing Wallet and making them immediately available for marketing activities demonstrates the project's commitment to strategic promotion, brand building, and community engagement. It provides the marketing team with the resources needed to execute impactful campaigns and initiatives that can contribute to the project's success and drive long-term growth.
Tokenomics - StellarTokenNFT
Network: Polygon
Name: StellarTokenNFT
Contract Address: Coming soon
Total Supply: 10001
How Staking will work StellarToken
When you stake your STLLER tokens, you contribute to the project's stability and enjoy attractive rewards. Here's what you can expect:
Token Burn and Circulation: The staked amount of STLLER tokens is removed from circulation, reducing the available supply and enhancing the token's scarcity, which can potentially increase its value over time. Additionally, 2% of the rewards are burned, further reducing the total supply.
Rewards: By staking your tokens, you earn a generous 7% (2% burned) reward on your staked amount. These rewards are distributed every 28 days, providing you with a passive income stream.
Staking Lock Period: The standard staking lock period is 28 days, during which your tokens remain locked in the staking contract. However, if you hold a Legendary NFT, your lock period is reduced to 21 days, enabling you to access your tokens sooner.
Options at the End of Lock Period:
Re-stake: You can choose to automatically re-stake your tokens for another staking period, compounding your rewards and maximizing your earning potential, choosing this option also gives you the full 7% in rewards nothing gets burned.
Claim Rewards: Alternatively, you can claim your staking rewards and receive them directly into your wallet, providing you with immediate access to the accumulated rewards, choosing this option also gives you the full 7% in rewards nothing gets burned.
Unstake: If you decide to discontinue staking or need to access your tokens, you can unstake them at the end of the lock period. This process unlocks your tokens, allowing you to freely transfer or utilize them as desired, choosing this option gives you the 5% in rewards and 2% gets burned.
Force Unstake: If you decide to to discontinue or need access to your tokens before the end period you will be able to force unstake but be aware you DON'T get any rewards and also there is a BURN tax of 30% of the staked amount, choosing this option will give you back 70% of total staked amount.
Stake your STLLER tokens and join the rewarding journey of contributing to the project's stability while enjoying lucrative benefits.
How NFT will work on StellarToken
Embark on an exciting journey by minting your very own NFT for a mere 100 MATIC and become part of an exclusive limited supply of just 10,001. Our NFT collection features 6 captivating levels (Basic, Common, Uncommon, Rare, Epic, and Legendary), each offering a range of enticing perks.
The real allure lies in the ability to supercharge your staking rewards with unique percentage boosts, and here's the cherry on top: no taxes on these boosted rewards! Take a closer look at the rewards and perks awaiting you at each level:
Basic: Enjoy a 1% boost in rewards without any tax implications.
Common: Elevate your earnings with a 2% boost in rewards, tax-free.
Uncommon: Step up to a 3% boost in rewards, free from taxation.
Rare: Reap the benefits of a 4% boost in rewards, with no tax involved.
Epic: Experience a generous 5% boost in rewards, untouched by taxes.
Legendary: Reach the pinnacle of prestige and rewards with an unmatched 7% boost percentage. As a Legendary NFT holder, your locking period is reduced to just 21 days, unlocking exclusive benefits and privileges.
Embrace this extraordinary opportunity to maximize your rewards while basking in the glory of owning a unique NFT. Don't miss out on the chance to be part of this limited collection. Mint your NFT and embark on a rewarding journey like no other!
Unlock the Mystery: Minting Probabilities
Indulge in the excitement of our NFT collection, where each level holds a unique allure and rewards. Here are the probabilities for minting each level:
Basic: 50% chance (Level 1)
Common: 27% chance (Level 2)
Uncommon: 15% chance (Level 3)
Rare: 5% chance (Level 4)
Epic: 2.5% chance (Level 5)
Legendary: 0.5% chance (Level 6)
As you embark on your NFT journey, keep these probabilities in mind, as they add an extra layer of anticipation and exclusivity to your minting experience. Get ready to uncover the treasures that await you at each level and seize the chance to claim your desired rarity.
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