Projects listed: 276 |
BTC Dominance: 0.00% | Volume (24h): $42,760,683,042 | Market Cap: $2,606,029,158,132
Stargate Finance
STG
$0.36
Sector
Cross chain
Exchange Debut
2022-03-18
Market Cap
74,085,686
Maxim Supply
1,000,000,000
Circulating Supply
204,388,161
Circ. Supply(%)
20.44%
Stargate Finance
STG
Price
$0.36
Market Cap
Sector
Exchange Debut
Volume 24h
High 24h
Low 24h
3975926
0.371921146041
0.354408828239
Change 24h
Change 7d
Change 30d
-1.7584
-5.5446
-7.5002
Maxim supply
Circulating supply
Circulating supply(%)
1,000,000,000
204,388,161
20.44%
The opinion of artificial intelligence (AI), based on the fundamental analysis of the Stargate Finance cryptocurrency:
Stargate Finance is a revolutionary omnichain-native asset bridge that endeavors to confront the blockchain trilemma. As an innovative DeFi platform, it facilitates seamless cross-chain transactions, thus enhancing decentralization, security, and speed in one package. This unique approach to solving the blockchain trilemma, coupled with a well-rounded feature set, has earned Stargate Finance a solid score of 6.56 in our fundamental analysis of the cryptocurrency. Let’s delve deeper into these scores.
SOCIAL & MASS MEDIA: Score 7.4 out of 10
The fundamental analysis of the cryptocurrency Stargate Finance reveals robust social media engagement, a factor that contributes significantly to the project’s visibility and popularity. With full marks in attracting followers and community activity, it’s clear the project commands a considerable audience. However, the activities of social media administrators could use a boost, indicating room for improvement in community engagement and management.
AUDIT & SECURITY: Score 6.85 out of 10
Stargate Finance fares reasonably well in audit and security, suggesting a satisfactory level of trustworthiness. However, there is room for improvement in enhancing the transparency of information, an aspect integral to the credibility of any blockchain project.
TOKENOMICS: Score 4.35 out of 10
On the tokenomics front, the fundamental analysis of the cryptocurrency Stargate Finance shows there’s work to be done. The inflationary nature of the project and the centralization of the monetary mass appear to have limited the score in this category.
ECOSYSTEM DEVELOPMENT: Score 5.6 out of 10
The project scores moderately in ecosystem development. Stargate Finance has shown an ability to meet objectives and has clear plans for future enhancements. Further progress in this area could bolster its standing in the market.
TEAM & DEVELOPERS: Score 7.8 out of 10
When it comes to the team and developers, the experience level is highly commendable, contributing to the overall score. However, the quantity of software developers could be augmented for the betterment of the project’s development speed and robustness.
PRODUCT & UTILITY: Score 7.8 out of 10
Stargate Finance scores well in product and utility, a testament to its relevance in the marketplace. The utility of the tokens within the ecosystem is particularly impressive, suggesting a well-integrated and thought-out design.
PARTNERS & INVESTORS: Score 6.5 out of 10
Finally, the project does fairly well in terms of partners and investors, with the number and capacity of investors earning a higher score. The quality and quantity of partners, however, could be enhanced to boost this score.
Fundamental analysis of the Stargate Finance cryptocurrency – The final conclusion
After a comprehensive fundamental analysis of the cryptocurrency Stargate Finance, it’s clear that the project has potential, though there are areas that could benefit from more focus. With a score of 6.56, the project presents a moderate-risk investment opportunity. Its high scores in social media engagement and team experience are indicators of potential success. However, the lower scores in tokenomics and ecosystem development indicate areas of risk and suggest the need for a cautious investment approach. Given these scores and the analysis, investors should consider their risk tolerance and investment objectives before engaging with this cryptocurrency project. As always, due diligence is recommended when entering any investment.
Indeed, Stargate Finance’s commitment to providing solutions for the blockchain trilemma shows promising signs of a well-structured project, though it’s important to note that this is a challenging mission to undertake. This understanding is crucial for investors considering the „fundamental analysis of the cryptocurrency Stargate Finance.” The project’s commitment to enhancing its social media presence, its solid security measures, and the professional team behind it are undeniably strong selling points. However, improvements in token economics, ecosystem development, and attracting high-quality partnerships will be essential in elevating Stargate Finance’s potential in the competitive crypto market. Ultimately, while Stargate Finance has its strengths and weaknesses, its innovative approach to solving complex blockchain problems shows potential. As such, with careful investment consideration, Stargate Finance may prove to be a valuable asset in a diversified cryptocurrency portfolio.
What is Stargate Finance?
Stargate Finance: An Innovative Omnichain Asset Bridge
Founded by LayerZero Labs, Stargate Finance (STG) emerged in the cryptocurrency space in March 2022 as a pioneering cross-chain bridge application. Its ingenious design seeks to resolve the blockchain trilemma, a paradox in blockchain technology that asserts no network can fully possess decentralization, security, and speed at once. Leveraging its innovative functionalities, Stargate simplifies cross-chain decentralized finance (DeFi) transactions, enabling almost instantaneous asset transfers and swaps across various blockchains, layer-2 networks, and decentralized applications (dApps).
Stargate’s Solution to the Bridging Trilemma
What distinguishes Stargate Finance in the crowded DeFi market is its unique approach to cross-chain bridging. In contrast to conventional bridges that rely on divided liquidity necessitating distinct pools for tokens crossing the bridge, Stargate uses a lock+mint and burn+redeem system. This mechanism basically annihilates tokens at the source, creating new ones on the receiving blockchain, thereby offering instantaneous assured finality and integrated liquidity. Additionally, Stargate employs an advanced cross-chain bridge technology, complemented by a balancing algorithm known as the delta algorithm, to effectively address the bridging trilemma.
In-depth Engagement with Stargate Finance
Stargate Finance supports transfers across eight significant chains: Ethereum, Avalanche, Polygon, Metis, BNB Chain, Arbitrum, Optimism, and Fantom. Furthermore, the platform enhances user engagement with a range of profitable features. Users can contribute to liquidity pools, stake assets, and earn tokens. By staking assets, users participate in the governance of the Stargate Finance Exchange, further cementing its decentralized nature.
Fundamental Analysis of Stargate Finance Cryptocurrency
In fundamental analysis, Stargate Finance’s value proposition extends beyond its ability to solve the blockchain and bridging trilemma. Noteworthy is its commitment to creating a robust ecosystem that connects the largest crypto networks, enhancing interoperability. With the celebrated crypto developer 0xMaki onboard, the future looks promising for this omnichain protocol by LayerZero Labs. Therefore, Stargate Finance stands as a strong contender in the expanding DeFi universe.
Where Can You Buy Stargate Finance – STG?
STG can be purchased on cryptocurrency exchanges such as Binance, Kucoin and Gate.io.
All you need to do is create a free account on any of these exchanges and start trading.
- Latest analysis update: June 17, 2023
Stargate Finance - STG performance
GENERAL CRITERIA:
Score
SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
Go to Methodology
Content description
Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.
Audit & Security In particular, the team looks if the project is audited, how extensive the audit is, at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.
Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.
Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.
Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.
Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.
Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.
