Dear Astarians, we’re really excited to be building on Astar Network, my name is Mayan and I’m leading the project StarSwap. I would like to apply for the builder’s program for our project.
DEX is not a new thing, it’s pretty standard to any blockchain platforms. That’s the prime reason why we want to build something original on top of it.
Introducing StarSwap, the first DEX with NFT Governance.
StarSwap will add the much needed utility layer to NFT tech, the one thing the entire DeFi community’s been complaining about with NFTs. The DEX will have all the standard features of any other DEX; with Astar Network, it will also have excellent speed and ultra low transaction fees.
But with StarCards, our platform will incorporate NFTs to the DeFi system giving regular community members a chance to be a part of our project, governing the DEX and earning 100% of the platform’s trading fees. That’s correct, all the trading fees will be distributed to the holders of the StarCards NFT.
But that’s not it, StarSwap will be giving every other NFT projects on the Astar Network an opportunity to give their collectors an actual use case and purpose of having their NFTs.
StarSwap NFT Staking
StarSwap brings one of the most intelligent ideas to help out all the NFT projects on Astar Network with its NFT staking feature. The best part is it works just like regular farming/staking. NFT projects can apply to include their projects and the community (holders of StarCards holders) vote and decide whether or not to include them.
Giving the community total control over our DEX’s operation.
StarCards is a collection of 3000 NFTs and will be launching on Astar in 3 phases of 1000 StarCards each.
The first set of StarCards NFTs will be launching on Astar Network on 05 - 05 - 2022 at 05:00 UTC
Star Tokens, the native token of StarSwap
Once the launch of StarCards is complete, we will be bringing a fair launch, a community driven liquidity generation event to setup the initial liquidity for the project. Dates and other details will be shared after the StarCards launch.
We believe in ‘build product first, and then launch’ instead of launch first, make all the hype and then screw up with the launch. That’s the main reason our community channels aren’t open yet. We will open discord and telegram once the platform is totally built, which will only be a few days from now.
Connecting with Astar Network, Builders Application - April
Launch of StarCards NFTs - May 5th
Beta Launch of StarSwap DEX - End of May
Stable version of StarSwap DEX and other upgrades - June/July.
We believe the focus of a project should be the community. So our tokenomics is designed around that belief, reserving 90% of Star tokens to be distributed to the community.
90% Reserved for community rewards through farming, staking and other incentives
5% Reserved for team, vested over a period of 50 months
1% Reserved for LGE
2% Reserved for early investor support
1% Reserved for NFT Staking
1% Reserved for PR and Marketing
We want to bring the inclusiveness to DeFi, giving every level of users the same chance to have a good experience; providing a smooth DeFi platform in the Astar Network to help grow the entire Astar ecosystem.
We’re fine tuning our UI as we speak, will open the github repo to public as soon as everything is finalised.
But still, hers’a sneak peek