Stargate Finance Price in India (STG)

Stargate Finance is a decentralized finance (DeFi) protocol that focuses on cross-chain interoperability and liquidity. It enables users to transfer native assets between blockchains securely and efficiently. The native token, STG, powers the Stargate ecosystem, providing governance rights, staking rewards, and incentives for liquidity providers.

Stargate Finance was launched in March 2022 by LayerZero Labs, a blockchain infrastructure company specializing in cross-chain technology. The protocol aims to simplify and optimize asset transfers in the DeFi ecosystem.

• Cross-chain asset transfers: Allows seamless and instant transfers of native assets across multiple blockchains.

• Unified liquidity pools: Provides deep liquidity across supported chains, enhancing efficiency.

• Governance: STG token holders can participate in protocol governance and decision-making.

• Staking rewards: Stake STG tokens to secure the network and earn rewards.

Stargate Finance has quickly established itself as a leading cross-chain DeFi protocol. By enabling seamless interoperability and liquidity provisioning, STG has gained significant traction among DeFi users and developers. Analysts predict strong growth for STG as the demand for cross-chain solutions increases.

The current price of Stargate Finance (STG), as of 29 January 2025, is ₹27. You can buy STG from crypto exchanges like CoinSwitch.

• Cross-chain transfers: Use STG tokens to facilitate fast and secure asset transfers between blockchains.

• Liquidity provisioning: Provide liquidity in Stargate pools and earn STG as rewards.

• Governance: Participate in protocol governance by voting on proposals using STG tokens.

• Staking: Stake STG tokens to secure the network and earn additional rewards.

• Simplifies cross-chain asset transfers, addressing a critical need in DeFi.

• Unified liquidity pools improve efficiency for users and developers.

• Offers staking and governance opportunities for STG holders.

• Faces competition from other cross-chain protocols like Synapse and Polkadot.

• Adoption depends on the broader growth of multi-chain ecosystems.

• Prone to price volatility due to its niche use case.

• Start investing in STG with just ₹100.

• CoinSwitch provides a seamless and intuitive trading experience for all users.

• Easily manage your transactions and portfolios on the app.

Helium (HNT) did not conduct an Initial Coin Offering (ICO) and had no pre-mine before its launch on July 29, 2019. The total maximum supply of HNT is capped at 223 million tokens. The token distribution is designed to incentivize network participation and support its ecosystem. Specifically, 35% of the total supply is allocated to the development and support of the hotspot infrastructure, another 35% is reserved for Helium and its investors, and the remaining 30% is allotted to support the costs of network data transfer. Additionally, Helium employs a burn-and-mint equilibrium model, where HNT is burned to create Data Credits (DC), which are used to pay for network usage. This mechanism ensures a balance between token supply and network demand.