STON.fi is an AMM DEX decentralized and running in the TON blockchain. It specializes in zero transaction fees, low slippage, an intuitive GUI, and full wallet support for TON.
What is STON.fi?
STON.fi is an Automated Market Maker (AMM) Decentralized Exchange (DEX) built and developed within the TON ecosystem. It operates on a Request for Quote (RFQ) model and utilizes Hash Time-Locked Contracts (HTLC). By eliminating third-party involvement, the platform enhances reliability and ensures transaction security. This project provides a simple, secure, and time-efficient solution for asset exchanges across different blockchains.
How does STON.fi work?
The standard user process for using STON.fi involves the following steps, which are similar to those of any DEX:
- Connecting Wallets: Users must connect two wallets to STON.fi for transaction authorization and access to their token balances, unlike standard DEXs that typically require only one wallet.
- Selecting Trading Pairs: After connecting their wallets, users choose the desired trading pair for exchange, even if the tokens reside on different blockchains.
- Inputting Exchange Amount: Users input the amount of Token A to be exchanged for Token B. The protocol then calculates the exchange rate and displays the estimated amount of Token B to be received.
- Reviewing Transaction Details: Users review the transaction details, including the exchange rate, fees, and estimated received amount. If satisfied, they confirm the transaction through their wallets.
- Gas-Free Transactions: Notably, STON.fi offers gas-free transactions, deducting fees from the amount of Token A, a feature that requires supplementary infrastructure like specific wallets.
- Transaction Processing: The STON.fi routing mechanism processes the transaction. Upon completion, users receive confirmation and can view updated balances in their connected wallets.
Key Features of STON.fi
- Eliminating Third-Party Involvement: Enhances transaction reliability and security.
- Cross-Blockchain Exchanges: Facilitates asset exchanges between different blockchains.
- Gas-Free Transactions: Offers transactions without gas fees, simplifying the user experience.
- Telegram Integration: Allows users to manage and execute asset transactions directly via Telegram.
STON.fi’s protocol does not rely on assumptions. Instead, it follows sequential and precise verification steps to address issues related to interoperability, security, risk reduction, and transaction costs in the DeFi sector. Additionally, STON.fi integrates various services within Telegram, enabling users to directly manage and execute asset transactions.
Products
Exchange is the core product of STON.fi, enabling users to swap any tokens as desired.
When conducting a swap on STON.fi, users are required to pay a 0.3% fee, which is distributed as follows:
- 0.2% goes to liquidity providers as compensation, thereby increasing the size of the pool.
- 0.1% is allocated to the STON.fi protocol.
Provide Liquidity
Users can add liquidity using two different currency pairs and earn commissions at a very attractive Annual Percentage Rate (APR).
Stake
Users can stake $STON to earn additional profits and gain opportunities for airdrops.
Tokenomics and Use Case
Token Metrics
- Ticker: STON
- Total Supply: 100,000,000 STON
Token Distribution
The distribution of the STON token is as follows:
- DAO Treasury: 20%
- User Incentive Programs: 10%
- Marketing: 10%
- Operations: 10%
- Pre-seed: 21%
- Team: 14%
- Advisors: 5%
- Private Sale: 10%
Token Release Schedule
DAO Treasury:
- Allocation: 20% of total supply
- Vesting: Tokens staked for protocol development initiatives will be locked for 24 months. After this period, they can be unstaked for DAO use.
Incentives:
- Allocation: 10% of total supply
- Vesting: Distributed linearly over five years to encourage user participation in the project.
Marketing:
- Allocation: 10% of total supply
- Vesting: 2 million tokens unlocked at TGE (Token Generation Event). The remaining 8 million tokens will be released over three years for marketing activities, such as airdrops and campaigns.
Operations:
- Allocation: 10% of total supply
- Vesting: 4 million tokens unlocked at TGE. The remaining 6 million tokens will be distributed over five years for operational activities, including protocol development and liquidity provision.
Pre-seed:
- Allocation: 21% of total supply
- Vesting: Locked for 12 months, then gradually released over two years.
Team:
- Allocation: 14% of total supply
- Vesting: Locked for two years, then distributed over three years.
Private Sale:
- Allocation: 10% of total supply
- Vesting: Locked for one year, then released over two years.
Advisors:
- Allocation: 5% of total supply
- Vesting: Locked for one year, then released over two years.
Investor and partners
There is currently no specific information about the investors.
Among the well-known partners of the project are 1inch, Tonkeeper, and Tonstater.
Roadmap
Conclusion
To conclude, I trust that this article has contributed a comprehensive overview of the STON.fi project. STON.fi is considered the top DEX project in the TON ecosystem providing users with the ability to execute rapid and secure cross-chain transactions.
CoinCu appraises this project as potentially attractive to long-term investors, mainly by attracting external capital to the TON ecosystem.
