$STAR
Last updated
Last updated
The $STAR token is central to our ecosystem and has been designed with deflationary mechanisms. We have already developed, and have plans for additional future features, that are intended to drive appreciation of the $STAR token over time. The deflationary nature of $STAR, combined with these value-adding features, are core to the long-term health and growth of our project's cryptocurrency.
The STAR Token adheres to the SPL-2022 standard, allowing it to collect transaction fees and be used for the greater good within the ecosystem. The advent of the Solana SPL 2022 token program means that our developers have a broader range of tools and features to build and to be creative.
At the moment, the token serves several purposes: for minting and upgrading your NFT. This token is also the main ressource of the Starminers ecosystem.
$STAR represents a reward for investors. We have no intention of interfering with it.
With your $STAR, enter the Starminers ecosystem directly and get your ship! There is no limit per wallet. At present, this is one of the only levers capable of driving up the $STAR price, since SOL must be exchanged to obtain the $STAR needed to purchase a Spaceship.
Players can reinvest their earned $STAR tokens into upgrading their Starships. By channeling $STAR into our ship upgrade module, players can enhance the efficiency and capabilities of their vessels. This allows them to generate higher $STAR rewards from future missions, creating a compounding effect as they continue to upgrade their ships.
Players can generate $STAR tokens by deploying their starships on missions. The payout amount will be determined by the attributes and capabilities of the player's ship. Vessels with more powerful attributes, will be eligible for higher fixed income rewards when completing these staking missions.
We have purposefully delegated the token minting authority to our core program itself. This allows the staking system to function autonomously without external intervention. It's a crucial design choice - the supply of $STAR tokens will only grow organically over time through this programmatic minting process.
Importantly, it is technically impossible for the project team to mint any additional $STAR tokens since this authority has been fully delegated.
Only the staked Starships within the system are able to trigger new $STAR token mints from the program's smart contract logic.
Get the full breakdown about $STAR tokenomic in the following link
