We’ve made major improvements to our tokenomics to make sure it performs well regardless of the market conditions.

Maximum Total Supply: 1 Billion Star Tokens.

80% of the total supply and 100% of the platform fee goes to the community. By far, StarSwap is the only DeFi platform that’s truly community-focused.

Initial mint: 10% of the total supply.

From this initial mint, 1% is allocated for the LGE event as detailed below:

4.4 Million STAR tokens are reserved for participants of the Fair Launch. It is done as a ‘Liquidity Generation Event’ to make sure all the benefits of the token goes to the community in a fair manner.

3.6 Million Star tokens are added to the ASTR-STAR LP pair on StarSwap, along with all the $ASTR collected with the LGE, immediately increasing the price of $STAR tokens 23% higher compared to the effective price in the LGE.

2 Million will be reserved for the “early access + airdrop” event for the StarCards NFT holders

2% will be allocated for investors

2% is for marketing and PR

5% is reserved for security and insurance

10% is allocated for the team (vested through 50 months)

80% of the supply is split to reward the community through farming, staking and NFT staking and other community activities involved in the DEX – this will be governed by the StarCards NFT holders.

10 Star tokens are created per block during the first 10 days and 5 Star tokens per block after that; for the farming and staking pools. Tokens are minted for rewards until it reaches total maximum supply.

No tokens minted per block is given to the dev/team, 100% of it is going to the community.

70% of the tokens created per block goes to farming pools and 30% goes to staking pools – *This ratio will be changed later on when more farming and staking pairs are added to the platform.

NFT Staking Reserve

On deployment 1% of the Star tokens will be minted, added and locked as the staking reserve in the NFT staking contract to provide for the NFTs staked on StarSwap, up-to a maximum of 10% can be used for NFT staking to support the AstarCommunity over the years.

Monthly rewards for the community team members on Discord

To help us build a better community, we will be onboarding a few of our most engaging, most supportive members to a team role on Discord. Community team members will be helping us with the project’s growth, community building, and collaborations with other projects. There will be a small monthly incentive for their contribution, as a token of our appreciation. We will be allocating 100K STAR tokens to contribute to this. These 100k tokens will be added to the staking pool and every month, on the same day, 10% of the total (rewards + the initial 100K) will be split equally to these community team members. Team reserves the right to make changes in this idea.

Incentives for liquidity providers

Swap fees are 0.3% which is split between platform and LP providers in normal cases (as a 50/50). It’s the same in our case too. Except that all of the platform fees go to the NFT holders. LP providers still earn as usual and also the farming incentives.

How’s the developers supported?

10% of supply is locked in the contract and vested to the team/dev over a period of 50 months. 2% of that 10% locked-tokens will be released every month, as a salary. Only 10% of the supply is allocated to the dev/team and in the remaining, 80% is allocated for the Astar community.

Tagged with: StarSwap, Star Swap, Star Token