Stader (SD) coin issuance price, total amount and white paper introduction

Stader (SD) initially issued at $0.037 per coin during its IDO on Polkastarter, raising $1.2 million from investors.

Jan 06, 2025 at 10:56 pm

Key Points:

• Stader (SD) Coin Issuance Price
• Stader (SD) Total Coin Supply
• Stader (SD) Whitepaper Introduction

Stader (SD) Coin Issuance Price

The initial coin issuance price of Stader (SD) was **$0.037** during its initial decentralized exchange (DEX) offering (IDO) on Polkastarter on July 13, 2021. The IDO raised a total of $1.2 million from investors.

Stader (SD) Total Coin Supply

The total supply of Stader (SD) is 500 million coins. Out of this, 20% (100 million SD) was allocated to the community through the IDO, 20% (100 million SD) is held by the team, and the remaining 60% (300 million SD) is reserved for future development, staking rewards, and ecosystem growth.

Stader (SD) Whitepaper Introduction

The Stader whitepaper, titled "Stader: The Next-Generation Liquid Staking Protocol," provides a comprehensive overview of the project's vision, technology, and tokenomics.

Key Features of Stader (SD):

• Liquid Staking: Stader allows users to stake their supported crypto assets without compromising liquidity. Users receive derivative staking tokens representing their staked assets, which can be traded or used in DeFi applications.
• Cross-Chain Interoperability: Stader supports staking across multiple blockchains, including Ethereum, Polkadot, Cosmos, and Solana. This enables users to maximize their staking rewards and diversify their crypto holdings.
• Community Governance: SD token holders have voting rights in the Stader decentralized autonomous organization (DAO). This allows the community to participate in decision-making regarding the protocol's future development and governance.
• Enhanced Security: Stader employs smart contract-based architecture and independent third-party audits to ensure the security of staked assets and user funds.

Stader's Value Proposition:

Stader aims to revolutionize the liquid staking industry by providing the following benefits to users:

• Additional Earning Opportunities: Stader enables users to earn staking rewards while maintaining the liquidity of their assets, maximizing their earning potential.
• Simple and Accessible: Staking with Stader is straightforward and accessible to users of all levels of expertise.
• Cross-Chain Connectivity: Stader's cross-chain functionality offers users flexibility and the ability to participate in multiple staking opportunities from a single platform.
• Community Empowerment: The Stader DAO provides token holders with the power to shape the future of the protocol and drive its growth.

FAQs:

Q: What is the current price of Stader (SD)?
A: The current price of SD can be checked on popular cryptocurrency exchanges or price tracking websites.

Q: How can I purchase Stader (SD)?
A: SD can be purchased on various decentralized exchanges (DEXs) and centralized exchanges (CEXs).

Q: Where can I stake my Stader (SD)?
A: SD can be staked through the Stader platform or other third-party staking providers that support Stader's liquid staking protocol.

Q: What is the purpose of the Stader (SD) token?
A: The SD token serves as the governance token of the Stader protocol, enabling token holders to participate in decision-making and receive staking rewards.

Q: Is Stader (SD) a good investment?
A: The potential return on investment in SD depends on various factors such as the overall cryptocurrency market conditions, Stader's adoption rate, and its ability to execute its roadmap successfully.