Abstract/About:
Staw.Finance is a community-served protocol, facilitating $WAVES scarcity, tokens stake, credit facility and commodity market at defined entries. Staw.Finance is a Tech-development of BFI FISHFACTORY LTD.
What is STAW?
STAW is the governance token of Staw.Finance. It creates a secondary level-scarcity for $WAVES via DeFi-staking. By staking, we mean locking WAVES from users wallets via a DApp to mints STAW tokens at defined entries.
How Dapp will works:
In an instance, where a user lock-stakes WAVES for a defined Entry Days Ppy (e.g. 14 Days). The user is instantly minted with STAW tokens (REWARD for creating SCARCITY), according to stated Ppy and Scarcity factor. The user’s WAVES is locked for the stated period from user’s wallet. It is further leased to strong and popular nodes within 3-5 milliseconds timestamp.
Minting formulae: MF = {(Dt*Mr)/Ppy}*Wc
Where;
Dt = Daily Timestamps = 86,400,000 Millisecs
Mr = Minting Rate = 0.00000001 STAW
Ppy = Periodic-lock Per Year = 365/Ed
Ed = Entry Days (Min: 14 days, Max: 450 days)
Sf = Scarcity Factor = 1.5*Ed
NB 1: The Scarcity Factor Sf is the total lock and unlocking period calculated as 1.5*Ed;
where Col. Waves (Wc) is claimable once every 24hours and intermittently during the unlocking period (i.e every 3rd-ordinal of 3-periods).
Visit Our Web and checkout the Minter’s Calculator
NB 2: Lock-stake means the locking is triggered by the deposit function and within the timestamps of 3-5 Milliseconds, the lease (staking) function is triggered. Hence, the dapp contract does not hold user’s deposit, because they are further leased to strong nodes on the blockchain for security of funds. The dApp iterates the lock-stake function in a single transaction.
Proposed Utility
#1. STAW Tokens, creates secondary level scarcity for $WAVES.
#2. As governance token, STAW is use to make proposal changes via voting.
#3. As governance token, STAW is used as collateral for credits (loans) facility.
During Pre-phased: Our team released the staking dapp on 5th, October, 2022, after over 8 months of building and testing.
Token Specification
Asset Name: STAW
Asset Ticker: STAW
Asset Decimal: 8
Initial Supply: 5,000,000 STAW
Accessibility: STAW can be minted or staked by community via DApp
Dev Incentive: 10% Per dApp Mint
MVP Dapp: app.staw.finance
TOKENOMICS
Mintable Tokens: 3,400,000 STAW
Staking Reserve : 1,000,000 STAW
Dev & Marketing: 500,000 STAW
Proposed ILO Sp: 100,000 STAW
Proposed Products
#1. Staking DApp (Custom Tokens) — Live
#2. Scarcity Dapp — Coming Soon
#3. Credit Dapp — Coming Soon
Community Action
The STAW token has joined the ongoing WX.Network Token Creation Contest, We ask Community members to vote for STAW in good faith.
Click & VOTE with gWX
