A. IntroductionOne of the biggest trends in the crypto space from 2021-2023 could be DeFi projects. DeFi stands for Decentralized finance, and it powers services such as lending, borrowing, derivative products, yield farming, insurance, mutual funds, and trading securities through a decentralized, open-source network. DeFi will bring a revolution to the entire financial system. Most DeFi contracts make use of stablecoins. Here are some examples of DeFi projects:
- Decentralized exchanges (DEX) providing peer-to-peer trading: Curve, Uniswap, Bancor, Kyber, and Synthetix.
- Loan contracts using calculated algorithms to determine interest rates, based on supply and demand: Compound, Aave, and Maker.
- Asset management solutions for automatic robot-advisors in the field of finance and insurance: Yearn.Finance, Melon, Set protocol, Zapper.fi and Insta.dapp.
STX is Saturm X’s native token and is used for trading against other cryptocurrencies on exchanges. It will be the platform’s primary payment method for its commercial activities. STX is a token with a limited supply of only 66 million. Staking STX is done through POS, which will increase the scarcity in the entire system. At the same time, STX is used to pay fees for transactions that lead to increasing demand, and STX will become more and more scarce. It will be a safe long-term investment channel for investors.
B. DistributionSaturm X’s plan to distribute our total supply of 66,000,000 STX tokens is as follows:
- 10% for the Development Team (6,600,000 STX):
This will be used to incentivize the employees of the Saturm X development team, and to finance future DeFi projects based on the STX token. - 20% for Marketing (13,200,000 STX)
This will be used for bonuses and customer rewards, dedicated for users registering for accounts on our system and participating in our offers.
- 10% into the Reserve Fund (6,600,000 STX)
This will be used as reserve for future project requirements, including for marketing and promotional activities.
- 10% for Legal & Human Resources (6,600,000 STX)
This will be used to fun our Legal and HR teams tohandle issues like wrongful termination, disputes, contract disagreements, benefit claims, platform issues, and workplace discrimination. - 10% into the Strategic Partnership Fund (6,600,000 STX)
This will be used to support Saturm X’s partnerships with payment gateways and crypto & binary options= exchanges to further improve our network and develop into the future. - 40% for Staking (Clients investing into Staking)(26,400,000 STX)
C. Regulation & LicensingSaturm X and its native token, STX, are regulated by the NFA. The National Futures Association (NFA) is an industry-wide self-regulating organization for the derivative industry in the United States of America, providing effective and innovative regulating programs. Assigned by the CFTC as a registered futures association, NFA works tirelessly every day to protect the integrity of the derivative market, to protect investors, and to ensure their Members meet their legal obligations.
D. ContactEmail: saturmxchannel@gmail.comFacebook: https://www.facebook.com/Saturm-X-STX-Channel-108461651336296Telegram Official Channel: https://t.me/saturmxchannel
