Overview
At Stater, we are building an open-source p2p lending platform that will help users unlock the value of their NFT assets without losing ownership.
In this article we will provide more information regarding tokenomics and distribution.
Token Utility
- Lend & borrow with STTR. Borrowers will be able get a loan in STTR and lenders will be able to provide loans in STTR.
- Stake STTR for lower fees on the Stater NFT lending platform. Lenders and borrowers will have the option to stake STTR in order to receive a lower interest rate and platform fee.
- Vote for governance proposals and project updates. Users will be able to vote for new functionalities, grants allocation and other updates on the product.
Token Information
- contract address: 0x2d30932a5220fc06423c52cb35364316b3184fb5
- symbol: STTR
- decimals: 18
STTR Allocation
- 15% team with 24mo vesting schedule.
- 35% company with 18mo vesting schedule. The pool will be used to cover operational costs and hiring new people.
- 30% community with 12mo vesting schedule. Our goal with this pool is to be fully owned by the community. The tokens will be used for development grants and bounties.
- 20% liquidity mining with no vesting schedule for 12mo. This pool will be used to incentivize market making on Uniswap.
Vesting Schedule
The below chart showcases the vesting schedule for team, company and community tokens.
