DeltaHub Capital Invests In Stargaze
NFTs, DAOs, DeFi, and social tokens all exist in their own worlds. There is little cross-pollination, however we are seeing some early efforts. These primitives have outgrown their infancy and are now ready for integration. Stargaze is what draws them all together, and DeltaHub Capital is thrilled to be a part of their adventure.
Stargaze is a protocol that reimagines social networks from a crypto-native perspective. The social network is built on the possession of social tokens. NFTs include content such as profile avatars. DAOs are in charge of curation and moderation.
It is designed as a proof-of-stake Cosmos zone from the start, providing it maximum freedom in protocol design, compatibility, and scalability. Cosmos chains’ governance-driven development methodology enables the rapid creation and iteration necessary for a consumer social protocol. Furthermore, thanks to IBC and Gravity Bridge, it can communicate with any other blockchain, including Terra, Ethereum, and their L2s.
Benefits Of Stargaze Protocol
Three things are possible with the Stargaze protocol:
- Material providers may publish content that can be minted as NFTs.
- Material curators can receive incentives for identifying and evaluating valuable content early on.
- Purchasing a creator’s token in order to support and follow their material.
These three services serve as the foundation for an integrated social protocol that pays both producers and curators, allowing crypto-native apps similar to Twitter, TikTok, and everything in between.
Working of Stargaze
Let’s start with a high-level review of Stargaze’s functionality.
Social tokens with a yield
Social tokens are undeniably the cornerstone of crypto social. They provide a creative opportunity to display their social capital in its purest form. Social tokens may represent more than just individuals; they can also represent companies or groups.
Stargaze social tokens are issued according to a bonding curve, with STARS serving as the reserve asset. Users will be able to tailor their curves by deciding how much they want to mint for themselves (genesis phase), how much they want to follow (liquidity bootstrapping phase), and how quickly/slowly they want the curve to grow. This enables a diverse set of social tokens to represent everything from a single person with a tiny following to a major brand or community token.
DeFi + Staking
Stargaze social tokens make use of a staking reserve asset, the social tokens may be staked for yield. The underlying reserve asset, STARS, is delegated to validators and earns incentives when staked. As a result, Stargaze social tokens are useful assets. The token holder receives a share of the staking profits, while the creator receives the remainder. So, by staking a social token, you are supporting a creator while also safeguarding the network.
Open social graph
Ownership of a social token provides the users with a weighted social graph for free. Clients of Stargaze will be able to utilize this to build feeds that can sort content depending on how much of each token people hold. The social network of Stargaze is open, decentralized, and transparent and users can build on top of it without the need of authorization or API credentials.
Use Cases of Star Token
Stargaze’s native staking token and governance token is STARS. Among the applications for STARS are:
- Delegating network security to validators
- Social token production
- Minting NFTs + storage fees
- Voting for membership in the DAO for curation
- Governance protocol improvements are being voted on.
Stargaze Social Channels
Discord: https://discord.gg/stargaze
GitHub: https://github.com/public-awesome
Twitter: https://twitter.com/stargazezone
Telegram: https://t.me/joinchat/ZQ95YmIn3AI0ODFh
Reddit: https://www.reddit.com/r/stargaze
Stay tuned for more updates through the DeltaHub Community Channels
Website | Twitter | Medium | Discord | Telegram | Rarible | Opensea |
About DeltaHub Community
DeltaHub Capital is a vibrant and active community which plays an important role in the crypto world. A tokenized decentralized Venture Capitalist (dVC) Pioneer of Community Governance Economic Model (C-GEM) and a battleground for gem hunting backed and supported by us!
