What Is STON.fi (STON):
A Complete Guide on STON Crypto on TON

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Time to read: 7 min

How to Buy STON.fi (STON)?

STON.fi is a decentralized finance (DeFi) platform and the flagship decentralized exchange (DEX) in The Open Network (TON) ecosystem. It offers an accessible, low-cost trading platform with advanced DeFi services. If you want to acquire its native token, STON, follow these steps:

  1. Purchase Toncoin (TON): Buy TON on a platform like Switchere.com using over 20 fiat currencies. Payment methods typically include credit cards, bank transfers (SEPA), and mobile payments like Apple Pay or Google Pay.
  2. Prepare Your Wallet: Set up a TON-compatible wallet, such as Tonkeeper or Tonhub, to securely manage and store your tokens.
  3. Swap for STON: Use your acquired TON to swap for STON tokens directly on the STON.fi decentralized exchange.

What Is STON.fi (STON)?

STON.fi was the first DEX to launch on the TON blockchain and remains one of the largest protocols in its ecosystem. With a total value locked (TVL) of over $300 million, the platform has become a major player in decentralized finance on TON. Key features include near-zero transaction fees, minimal slippage on trades, a user-friendly interface, and direct integration with popular TON wallets. STON.fi’s mission is to create a seamless and accessible decentralized trading experience, with a particular focus on integrating with the Telegram ecosystem to reach its vast user base.

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How Does STON.fi Work?

At its core, STON.fi operates as an Automated Market Maker (AMM), a foundational component of the DeFi landscape. Unlike traditional exchanges that use order books, AMMs utilize liquidity pools to facilitate permissionless, automated trading of digital assets. Users who contribute tokens to these liquidity pools enable the platform to execute trades, and in return, they earn rewards from transaction fees and additional STON tokens. In an AMM, an algorithm determines asset prices based on the ratio of tokens in a pool. This model ensures continuous liquidity for a wide variety of assets, making STON.fi highly versatile.

STON.fi Ecosystem

The STON.fi ecosystem is built around its decentralized exchange and liquidity services, allowing users to trade and provide liquidity for TON-based tokens. The platform supports a growing number of assets, including TON, USDT, and other popular tokens within the ecosystem.

STON.fi DEX

STON.fi’s DEX allows users to swap tokens with minimal fees and slippage by leveraging its AMM model. Every swap incurs a 0.3% fee, of which 0.2% is distributed to liquidity providers and 0.1% goes to the protocol treasury.

Liquidity Provision and Farming

Liquidity providers (LPs) can contribute tokens to STON.fi’s pools to earn rewards. Upon adding liquidity, they receive LP tokens representing their share of the pool. These LP tokens can also be staked in a process called farming to earn additional rewards in STON. STON.fi was the first protocol in the TON ecosystem to introduce farming, incentivizing users to help deepen the platform's liquidity.

Staking

STON.fi also offers staking, allowing users to lock up their STON tokens to earn passive rewards. Staking STON not only generates yield but will also grant governance rights in the upcoming STON DAO, allowing stakers to influence the platform's future.

STON Overview

STON Price~$25.00
STON Market Cap~$45 Million
STON Circulating Supply~1.8 Million STON
STON Total Supply100 Million STON
STON 24h Trading Volume~$4 Million
All-Time High (ATH)$32.97
All-Time Low (ATL)$0.07335

Note: Figures are approximate and updated as of November 2024.

STON Tokenomics

The STON token is central to the STON.fi ecosystem, functioning as both a utility and governance token. Its tokenomics are designed to be deflationary, with the total supply gradually decreasing over time through a token-burning mechanism. The total supply was capped at 100 million STON at launch, with no further minting planned. The token distribution allocates 40% to ecosystem development, 20% to staking rewards, 15% to the core team (with vesting), 10% for liquidity pools, 10% for future development reserves, and 5% for marketing.

STON.fi Services

The primary service on STON.fi is token swapping, which allows users to easily exchange TON-based tokens like NOT, DOGS, TONG, CATI, and PUNK. While the platform provides robust liquidity for these assets, users should always perform their own research before transacting, as scam tokens can exist in any decentralized ecosystem. In addition to swaps, the platform offers farming by staking LP tokens and direct staking of STON for passive income and governance rights.

STON NFTs

STON.fi introduced two innovative tokens to enhance its governance model. ARKENSTON is a non-fungible, non-transferable governance token received by users who stake STON, used exclusively for protocol governance. After the staking period, users can burn their ARKENSTON to reclaim their staked STON. In contrast, GEMSTON is a fungible token also received from staking STON, which provides more flexibility as it can be sold or transferred.

STON.fi Roadmap

STON.fi's roadmap includes ambitious expansions such as cross-chain integration with EVM-compatible chains like Polygon, the introduction of synthetic asset swapping for high-volume trades, and the launch of margin trading. The platform also aims to fully transition to DAO governance, giving token holders greater control, and implement gasless swaps, which would allow transaction fees to be paid in any token.

Conclusion

STON.fi is a rapidly growing DeFi platform on the TON blockchain, offering a comprehensive suite of trading, staking, and liquidity services. As the first DEX on TON, it has established itself as a key player, leveraging its integration with Telegram and the security of the TON network. With a deflationary token model and a roadmap focused on cross-chain capabilities, STON.fi is well-positioned to remain a central hub for decentralized finance in the TON ecosystem.

Disclaimer

This guide is for informational purposes only and should not be considered investment advice. The cryptocurrency market is inherently volatile and involves significant risk. Always conduct thorough research before making any investment decisions.

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FAQ

  • What is STON.fi?

    STON.fi is a leading decentralized exchange (DEX) built on The Open Network (TON) blockchain. It allows users to trade cryptocurrencies, provide liquidity to earn fees, and participate in yield farming and staking.

  • What is the STON token used for?

    STON is the native utility and governance token of the STON.fi platform. It is used to reward liquidity providers, for staking to earn passive income, and to participate in future platform governance through the STON DAO.

  • How can I buy STON tokens?

    To buy STON, you first need to acquire Toncoin (TON). You can then use a TON-compatible wallet, like Tonkeeper, to connect to the STON.fi platform and swap your TON for STON tokens.

  • How does STON.fi generate rewards for users?

    Users can earn rewards in multiple ways. By providing liquidity to token pools, they receive a portion of the 0.3% trading fee from each transaction. They can also stake their liquidity provider (LP) tokens or STON tokens directly to earn additional STON rewards.

  • What are ARKENSTON and GEMSTON?

    ARKENSTON and GEMSTON are special tokens associated with staking STON. ARKENSTON is a non-transferable NFT used for governance voting power. GEMSTON is a fungible (tradable) token, also received from staking, which offers users more flexibility with their rewards.

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