The STZ token serves activity-to-earn platforms by rewarding application users on platforms such as Bestarz. Its underlying infrastructure consists of a cross-chain bridge that enables transactions between Binance Smart Chain (main chain) and Ethereum (side chain) blockchains. STZ token contributes as a governance token for the success and stability of its ecosystem. Users of the token can generate additional income by staking the STZ token or participating in yield farming. The token can also be minted from its main chain or purchased on PancakeSwap.
A Bit About Starz
It is a BEP-20 governance crypto token in the STARZ network. The current CEO, Aref NK, founded the token to connect multiple Web3 platforms in the activity-to-earn sector. The token focuses on a solution to the lack of a cohesive structure in activity-to-earn platforms by having an inclusive and monopolistic token to power the different platforms. This removes the integration barrier by providing a convenient and reliable monetary system. The token is used for user rewards in the Bestarz and Starlex platforms. It is the administrative tool of Starz DAO and users' voting. The token can also be used for liquidity mining and staking for passive income. Starz Economy has created a DEX called STARZSWAP, where users can swap the token without an independent front-end.
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Starz is a governance and reward token serving activity-to-earn platforms such as Betstarz, Starlex, and other emerging projects. The Starz token has a total market supply of 1 Billion tokens and over 1200 addresses hold the coin. The token is popular on PancakeSwap DEX where it can be purchased or used for yield farming by trading against the liquidity pool. Liquidity mining on the PancakeSwap DEX uses an Automated Market Maker (AMM) model with APYs reaching as high as over 400%. The network has allocated its supply of 1 Billion tokens to Public sale (15%), Team (10%), Marketing (17%), Foundation (15%), Treasury (30%), Ecosystem (10%), Advisors (2%), and Airdrop (1%)
Utility of Starz?
Uses of the token include staking the coin for passive income generation and voting rights on the Bestarz DAO. Holders can store their tokens in several wallets like the Binance Chain Wallet, Metamask, Trezor, SafePal, Trust Wallet, Ledger, or Guarda Wallet. The economy's native DEX, STARZSWAP, facilitates an in-app swap of the Starz token at a 1% trading fee and liquidity provision to the STZ/BUSD pair using the Binance Smart Contract address. The Swap enables NFT purchases in BUSD on the network's marketplace.
The Starz token is minted using the stylike child token contract when tokens are locked on the side chain during transfers from the main chain. The Starz token can also be burned, during transfers from the side chain to the main chain, to reduce their supply or boost demand using a side chain bridge contract. When burning occurs, tokens on the main chain are unlocked simultaneously.
The Starz token is used to incentivize users in the trade-to-earn platform Starlex.io where users earn money through their trading skills.
Participants on the Fantasy Football play-to-earn platform, Bestarz, earn the token for their activities and players' stats in the real world. The token is used in focus-and-earn projects to reward participants for completing set individual tasks using focusing techniques and tools. Holders of the Starz coin get to earn rewards for their contribution to the provision of scarcity and are allowed voting rights in the DAO.
A decentralized exchange for the Starz economy, created using the Binance smart contract address, allows in-app swaps without an independent front end. STARZSWAP DEX further provides liquidity to the STZ/BUSD pairing. BUSD is used at the platforms' marketplace for NFT transactions.
Starz Price detailsBNB Contract address: 0x34bed6db1e7ddd73b6a68d05e43f9f29c45f56be
›› Details & Tokenomics
Advantages of Starz+ Starz is a multipurpose token that powers various Web3 platforms.
+ Users incur low transaction costs with the token.
+ STZ holders can stake it and earn passive income.
+ Holders earn voting rights in the Starz economy DAO.
+ It is used for yield farming to earn interest.
Disadvantages- It is only available on Pancake Swap for trading as of Jan 2023.
- The token is relatively new to the crypto market.
- Users may incur Ethereum gas fees in yield farming.
- There is limited information on the token on its economy's whitepaper.
- STZ is susceptible to volatility.
Costs▪ Rated at 9/10
Transaction fees within the network are low. Swaps within the ecosystem incur a 1% trading fee distributed as follows: 0.1% for infrastructural development of the economy, 0.6% is re-injected to the Starz ecosystem, and 0.3% rewards liquidity providers. In the NFT marketplace, a 2.5% commission fee is to both the taker and maker.
Reputation and Buzz▪ Reputation rated at 8/10
▪ Buzz rated at 8/10
The Web3 integration approach by the Starz economy using the STZ token is both unique and a viable idea for future activity-to-earn projects. Many gaming enthusiasts are thrilled about the innovative concept from the Bestarz team. The token's users and watchers on several crypto platforms predict a bullish trajectory for the coin due to increased demand for decentralized services and the ongoing popularity of Web3 infrastructures.
Who is the founder of Starz token?
The founder of the Betstarz platform is Aref NK.
What is the STZ Token used for?
The token incentivizes users' activities on the Bestarz play-to-earn platform. Users can also stake it for passive rewards and voting rights in the network's DAO. It allows users to farm on the PancakeSwap DEX and can be minted on its main chain.
Which wallet can store the token?
Users can store their tokens in several wallets, including the Binance Chain wallet, SafePal wallet, Metamask, Trezor, Ledger, Trust wallet, and Guarda wallet.
History of Starz
20th October 2022 - Pre-sale for STZ tokens begins
30th October 2022 - The STZ token goes live on PancakeSwap.
November 2022 - STZ gets listed on CoinMarketCap, lending it credibility.
December 2022 - Official release of Starz swap.