#BinanceHODLerSTO
$STO has increased by over 70% since May 1st and currently boasts a market capitalization of $46 million. 🔥
👉 Consider a detailed view of the $STO project
✅ What is the $STO Token? What Does It Do?
🔶 #StakeStone is a liquidity protocol that allows cryptocurrency assets like $ETH, $BTC, and #STONE to be #staked across different blockchains (#omnichain)
🔶 It enhances capital efficiency, allowing users to earn profits and providing developers with opportunities to create new products with smart contracts.
🔶 $STO is the native token of the #StakeStone platform. It has functions such as governance (i.e., community voting rights)
✅ Highlights:
🔶 STONE Tokens: Represent the assets being staked. It remains in a liquid state and its value increases over time.
🔶 Omnichain Support: Assets can easily move between chains. The #STONE token is of the OFT (Omnichain Fungible Token) type, created using #LayerZero infrastructure. Thus, #STONE can easily connect across different blockchains.
✅ How does StakeStone enhance security?
🔶 #StakeStone enhances security by using a non-custodial system. It undergoes detailed audits by reputable organizations like Secure3 and Veridise. This way, users retain full control over the assets they stake.
✅ Investment and Development:
🔶 $STO has received a $23 million investment (from major investors like Polychain Capital).
🔶 The total value of assets locked on the platform has exceeded $532 million.
🔶 In 2025, the LiquidityPad program will be launched (providing multi-chain liquidity opportunities).