What is the issuance and circulation of Stader (SD) coins?

Stader's native SD coin enables liquid staking, facilitating user earnings while maintaining asset liquidity within the ecosystem through staking rewards, governance, and access to exclusive platform features.

Jan 02, 2025 at 09:22 pm

Key Points:

• Overview of Stader (SD) coin
• Coin issuance process
• Coin distribution and circulation
• Stader coin applications
• FAQs about Stader coin

Overview of Stader (SD) Coin

Stader (SD) is the native token of the Stader platform, a liquid staking solution for Proof-of-Stake (PoS) blockchains. It enables users to stake their crypto assets without experiencing the lockup periods and opportunity cost associated with traditional staking methods. Staking with Stader allows users to maintain liquidity over their staked assets, maximizing their earning potential.

Coin Issuance Process

The total supply of SD coins is capped at 200 million. The coins were initially distributed through a public sale and a private sale. The public sale raised approximately $10 million, while the private sale raised an undisclosed amount.

Coin Distribution and Circulation

The distribution of SD coins is as follows:

• Public sale: 30%
• Private sale: 20%
• Team: 25%
• Ecosystem: 10%
• Advisors and investors: 15%

The circulating supply of SD coins is currently around 100 million. The remaining coins are locked up according to a vesting schedule, ensuring a gradual release into the market over time.

Stader Coin Applications

SD coins play several crucial roles within the Stader ecosystem:

• Staking Rewards: SD coin holders can earn staking rewards by staking their coins on the Stader platform. These rewards are derived from the block rewards generated by the underlying PoS blockchains.
• Governance: SD coin holders have governance rights and can participate in decision-making processes related to the development of the Stader platform. This includes voting on proposals and electing members to the Stader governance council.
• Access to Exclusive Features: SD coin holders may also gain access to exclusive features and benefits on the Stader platform. These benefits may include priority staking services, discounts on fees, and early access to new products and integrations.

FAQs about Stader Coin

Q: What is the price of SD coin?
A: The price of SD coin fluctuates based on supply and demand. You can check cryptocurrency exchanges to view the live price of SD coin.

Q: Where can I buy SD coin?
A: SD coin is available for trading on major cryptocurrency exchanges such as Binance, Coinbase Pro, and OKX.

Q: How can I stake SD coin?
A: You can stake SD coin on the Stader platform by using a non-custodial wallet. The staking process is straightforward and can be completed in a few simple steps.

Q: What is the minimum staking amount for SD coin?
A: The minimum staking amount varies depending on the blockchain and the amount of SD coin you wish to stake. Please refer to the Stader documentation for more information.

Q: How often do I receive staking rewards for SD coin?
A: Staking rewards for SD coin are distributed based on the underlying blockchain's block reward schedule. You can view the distribution schedule within the Stader platform or on the blockchain's official website.