Jump to content
×
×
  • Create New...

STT BRIDGING


Recommended Posts

1*CZEgIMmk_vvlOVkflHsLjA.jpeg

We realised there has been a mistake in the infographic. We would like to clarify that STT tokens can be bridged out into the Mainnet when a Liquidity Pool on Binance Smart Chain has been deployed before the Alpha Testing, expected to be around the mid of November 2021.

The reasoning behind the fact that we would not allow STT bridging until the Alpha Testing is to avoid speculating activity on launch.

Rest assured, we will open STT tokens to bridge out to the Mainnet when a Liquidity Pool on Binance Smart Chain has been launched, placed before the Alpha Testing, currently expected to be around the mid of November 2021.

The deployment of a liquidity pool on Binance Smart Chain is crucial in ensuring the long term sustainability of both MONI and STT when bridging of STT is allowed later on. Once STT is allowed to be bridged out to the Mainnet, There will be two or more exchanges open to users regarding the MONI-STT transactions, the marketplace and any other third-party exchanges.

With the aid of the liquidity pool in the Binance Smart Chain, it forms a continuous circulation of both MONI and STT, increasing the value of rewards for all players and stakers.

For example, there are two exchanges where users can get STT; MONI-STT LP in the marketplace and a separate third-party STT exchange. When the value of STT is cheaper in the marketplace compared to the other exchange, there will be more transactions for the liquidity pool in the marketplace, increasing the amount of MONI in the pool, reducing the circulating supply of MONI while increasing the MONI rewards in the staking treasuries, which will consequently increase the value of MONI.

In the 2nd scenario, the value of STT would be cheaper in the other exchanges compared to the Marketplace. Users will purchase STT there and bridge the STT back into Monsta Chain for in-game transactions such as buying Monstas, cloning, cosmetics etc.

This increases the STT in the marketplace liquidity pool while maintaining the number of MONI tokens, thus reducing the value of STT in the pool, making it cheaper compared to the third-party exchanges, repeating the 1st scenario, which will also lead to steady and stable growth of MONI while retaining its sustainability in the long term.

Either way, this measure will form a full loop, resulting in the long term sustainability, stability and growth of the overall project.

stat?event=post.clientViewed&referrerSou

View the full article

Link to comment
Share on other sites

 Share