What is Stargate Finance (STG)? How To Buy STG Token In India?

What is Stargate Finance (STG)?

Transfers between the chains have become an integral part of the crypto space specifically the Web3. Stargate is one such platform that enables native asset transfers between different networks. It is a cross-chain bridge protocol that eliminates the requirement of wrapped tokens and allows users to send and receive tokens directly to non-native chains. The main aim of the protocol is to offer seamless cross-chain bridging within a single transaction. 

To address the issues related to bridging, Stargate has developed multiple mechanisms, which when combined enable cross-chain liquidity. Moreover, it uses the Layer Zero infrastructure which is an omnichain protocol that allows different chains to interact with each other. Moreover, DEX like Uniswap can implement Stargate to enable interchain swaps on their platforms. 

The platform is powered by its native token STG which also acts as a governance token of the platform and can also be used for staking. Apart from the rewards, the users can also receive stablecoin rewards on every transfer. Currently, there are some networks that have been integrated into some platforms like Solana, Terra, Cosmos, etc. 

Who Are the Founders of Stargate Finance?

The CEO and founder of Stargate Finance are Liat Queen Sheba. She has huge experience in leading IT international project implementation in Israel, Europe, Asia, and Africa for the past 10 years. She also develops technologies for fintech companies specifically in Africa and Zambia. 

Besides, the founder also possesses managerial expertise in Global Dynamic Environment, leading cross-organizational projects, and high technical skills in the software and infrastructure area and acts as a solution and integration manager for management, operational and financial needs. 

Additional Read: Blockchain in Supply Chain Industry

How Does Stargate Finance Work?

For the smooth functioning of the platform, it bifurcates the below-mentioned tasks, 

STG Token Transfer  

As mentioned above, the platform allows users to swap native assets between blockchain networks by reducing the steps required to execute the process. The process is carried out with no fees instead the users are required to just pay the gas fees. Non-STG token swaps charge a 0.06% fee, meanwhile, the users can specify native gas amounts from the source network of their token swaps. Besides, the non-STG token transfers incur a pool rebalancing fee allowing each pool to achieve an equilibrium. 

STG Token Staking

The platform uses a decentralized governance model allowing the community members to vote on proposals that propose changes to the platform. The holders who stake STG receive a balance of vote-escrowed STG (vsSTG) which is the governance token of the network. 

Liquidity Pools

The platform offers access to the liquidity pools which offers liquidity to the Stargate DEX, enabling the users to earn rewards by becoming Liquidity providers (LPs). 

Farming

Farming allows the users to farm LP tokens from pools to earn additional crypto rewards. The users who hold LP tokens can farm them to earn STG tokens. 

What Makes Stargate Finance Unique-Use Cases?

• The Stargate platform solves the bridging trilemma where there is no requirement to lock and mint synthetic assets or has fragmented liquidity. 
• The LPs will be able to stake into a single-sided assets pool with no impermanent loss and collect fees from all incoming transfers 
• There is no protocol transfer fee associated with the swaps as the users will only pay gas fees for the transactions 
• STG tokens transfers do not incur a pool rebalancing fee
• The platform uses an algorithm introducing a Delta algorithm, a novel resource balancing algorithm enabling unified native asset pools on all chains while also providing Instant guaranteed finality.

Stargate Finance (STG) Price Analysis

Source: Tradingview

• The STG price after a notable consolidation has leaped long to hit the upper resistance of the Bolinger Band and quickly faced a rejection
• The price is now heading toward the average bands of the channel that may offer the base for the token to rebound
• In case of a bullish flip, the price may rise high to reclaim the previous levels beyond $0.9 and head towards $1, else continue to drop to hit the lower support at $0.7
• Besides, the ADX which was soaring high appears to have halted the upswing which may further impact the growth of the rally for a while

Read latest crypto price predictions at CoinDCX blog!

How to Buy Linear Finance in India?

To buy Linear Finance in India, just follow the below-mentioned steps:

• Download the CoinDCX App on your Smartphone
• Enter the details required for registration
• Complete KYC
• After your profile is verified, fund your wallet and buy an STG