What is Solster (STR)? Details About STR Token

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2021-08-22 07:15:16

After SOL broke ATH, many projects also started to be implemented on Solana, one of which is Solster. So what is Solster and the STR token? What’s so special about Solster? Let’s learn more about STR’s tokenomics through this article!

What is Solster?

Solster Finance is a collection of products, helping investors to perform many activities in DeFi. Solster’s ecosystem includes DEX – decentralized exchange, lottery, Staking, IDO fundraising platform,…

Solster website interface: solster.finance

Solster Highlights (STR)

Solster chose to form a multi-product ecosystem, which helps the project to develop in many different areas. And these arrays all share the same token as STR, so from there will accumulate more value.

First, Solster focuses on the platform call for capital IDO. The highlights of Solster IDO are:

  • The IDO registration form will have all the information – pricing, registration process, timeframe and documentation,… something no other competitive platform has thought of.
  • There are incentives for users to hold STR.
  • There are 2 rounds of IDO, ensuring all participants can buy.
  • There will be a reasonable lock time and allocation, which helps the project to grow in the long run.
  • The amount raised will be paid according to certain milestones depending on the project, which helps investors’ money not to be misused.
  • Advanced system to prevent or filter bots from participating in IDO and trading process.
  • Cheap transaction fees come from building on Solana.

Also, similar to Raydium, future Solster DEX will be built on Serum for abundant liquidity. Not much is known about other features at the moment, but promises to be an interesting ecosystem.

This ecosystem model has been seen in many previous projects, the most prominent one is probably PancakeSwap with DEX, IDO platform with mechanism IFO, lottery system, Farming, Staking…

Detailed information about STR Token

Key Metrics STR

  • Token Name: Solster.
  • Ticker: STR.
  • Blockchain: Solana.
  • Token Standard: SPL.
  • Contract: Updating…
  • Token Type: Utility, Governance.
  • Total Supply: 100,000,000 STR.
  • Circulating Supply: Updating…

STR Token Allocation

  • Token Sale: 26%
    • Private Sale: 22%
    • Public Sale: 4%
  • Marketing & Rewards: 20%
  • Team: 17%
  • Ecosystem Development: 15%
  • Liquidity & Launch Rewards: 15%
    • Liquidity: 14.5%
    • Launch Rewards: 0.5%
  • Seed Investment: 4%
  • Advisors & Partners: 3%
Distribution of STR Tokens

STR Token Sale

Details of STR . sales

STR Token Release Schedule

  • Token Sale:
    • Private Sale: 10% paid at TGE, then 10% weekly.
    • Public Sale: 30% paid at TGE, then 10% weekly.
  • Marketing & Rewards: 1 month cliff, then pay 10% per month.
  • Team: 3 months cliff, then pay 10% per month.
  • Ecosystem Development: 1 year cliff
  • Liquidity & Launch Rewards:
    • Liquidity: No lock.
    • Launch Rewards: No lock.
  • Seed Investment: 10% paid at TGE, then 5% weekly.
  • Advisors & Partners: 1 month cliff, then pay 10% per month.

STR Token Use Case

When staking STR, you will be able to participate in IDO, manage the project and receive a part of the transaction fee (when launching the Swap system).

Starting July 2022, Soster will burn at least 2% of the total supply.

How to earn and own STR Token

It’s currently unclear how to earn STR.

STR Token exchange & storage wallet

Instructions for storing STR on CHK Wallet

STR is a token belonging to Solana, so it will be stored on CHK Wallet. Details will be updated later.

Trade STR on CHK Wallet

STR is a token belonging to Solana, so it can be traded on CHK Wallet if it is listed on AMMs on Solana that are supported by CHK Wallet. Details will be updated later.

Roadmaps & Updates

Q2 2021

Open sale Private Sale.

Web development.

Get the IDO project.

Q3 2021

Launched Launchpad, open sale Public Sale STR.

Launching Swaps.

Launching Staking STR.

Q4 2021

Launch of DEX.

Launch of the governance platform.

Q1 2022

Perform vesting STR.

Launching Giveaway for lottery system.

Administration improvement.

Q2 2022

Improved DEX.

Start burning STR.

Launch of the Battle platform.

Project team, investors & partners

Project team

Updating…

Investors

The project is invested by: Chainflow, Synaps, Swgi,…

Partner

Updating…

Similar projects

PancakeSwap.

summary

Thus, I introduced you to the Solster project and what the STR token is, and provided all the details about the project’s highlights and tokenomics.

What do you think about the development potential and future of this Solana ecosystem token? Comment below and join the group CHK Insights Chat to exchange and discuss with admins and many other brothers!

Don’t forget to follow the column regularly Coins & Tokens – the fastest place to provide and update all details about all the hottest coins and tokens on the Crypto market today!

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