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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 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%
STR Token Sale
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
Open sale Private Sale.
Get the IDO project.
Launched Launchpad, open sale Public Sale STR.
Launching Staking STR.
Launch of DEX.
Launch of the governance platform.
Perform vesting STR.
Launching Giveaway for lottery system.
Start burning STR.
Launch of the Battle platform.
Project team, investors & partners
The project is invested by: Chainflow, Synaps, Swgi,…
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!
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