STG token allocation

Modified on Thu, 02 Feb 2023 at 04:03 PM

STG coin was created to have only 1,000,000,000 STG. At the initial launch, 10% of STG (100,000,000 STG) was distributed to investors through an auction so as to increase the liquidity of every 7 blockchain networks that are supported by Stargate at that time.

For the rest of the STG coin, 35% was given to the development team of Stargate and investors, and 30% will be used for expanding and developing the community. Lastly, 25% of STG will be used in Bonding Curve and in supporting Gas (Emission).

There is also a schedule to unlock STG coin, in which the proportion given to the first group of the development team and investor will be locked for 12 to 24 months, to avoid an oversupply in the market. On the other hand, the entire number of coins given to the community was already unlocked since the first launch. During the publishing of this article, around 13% of the total number of coins, 133,272,369 STG, were unlocked and circulated in the market (data from Coinmarketcap as of 17 October 2022).

Learn more at Bitkub Blog

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select atleast one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article