What Is STON.fi (STON):
A Complete Guide on STON Crypto on TON
Time to read: 7 min
How to Buy STON.fi (STON)?
If you’re interested in buying STON, follow these simple steps:
- Purchase Toncoin (TON): Buy TON using 20+ fiat currencies on Switchere.com, using payment methods like credit cards, direct bank or SEPA transfers, or mobile payments like Apple Pay and Google Pay.
- Prepare Your Wallet: Set up a TON-compatible wallet like Tonkeeper or Tonhub to manage and store your STON tokens.
- Swap for STON: Use your acquired TON to swap for STON tokens on STON.fi.
STON.fi (STON) is a decentralized finance platform within the TON ecosystem, and its flagship decentralized exchange (DEX) is a core element of its offerings. Built on The Open Network (TON), STON.fi provides an accessible, low-cost trading platform with advanced DeFi services. This guide covers the STON.fi platform, its tokenomics, ecosystem, and services, while also explaining how to buy and stake the native STON token.
What Is STON.fi (STON)?
STON.fi is the first decentralized exchange (DEX) to launch on the TON blockchain, and it stands as one of the largest protocols in the ecosystem. With over $183 million in total value locked (TVL), the platform has rapidly become a major player in decentralized finance (DeFi) on TON. The platform’s key features include:
- Near-zero transaction fees
- Minimal slippage on trades
- User-friendly interface
- Integration with TON wallets
STON.fi’s mission is to create a seamless and accessible decentralized trading experience. Its particular emphasis is on integrating with the Telegram ecosystem, which provides access to a vast user base.
How Does STON.fi Work?
At its core, STON.fi is an Automated Market Maker (AMM), a key component of the DeFi landscape. Unlike traditional exchanges, AMMs use liquidity pools rather than order books, allowing for permissionless, automated trading of digital assets. When users contribute to these liquidity pools, they enable the platform to facilitate trades, earning rewards in the form of fees and additional STON tokens.
In an AMM, prices are determined algorithmically based on the pool’s asset ratios. This structure enables 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 tokens, including TON, USDT, and other popular assets within the ecosystem.
STON.fi DEX
STON.fi’s decentralized exchange allows users to swap tokens with minimal fees and slippage, taking advantage of its AMM model. Key features of the DEX include:
- Low Fees: Every swap is charged a 0.3% fee, with 0.2% allocated to liquidity providers and 0.1% to the protocol itself.
- Liquidity Pools: Users can provide liquidity to the platform and earn fees on trades. This helps ensure that the platform has deep liquidity, making it easy for users to swap tokens with minimal price impact.
Liquidity Provision and Farming
Liquidity providers (LPs) can contribute tokens to STON.fi’s pools and earn rewards. When users add liquidity, they receive LP tokens, which represent their share of the pool. These LP tokens can also be used in farming, where users stake their LP tokens to earn additional rewards in STON tokens.
STON.Fi was the first protocol within the TON ecosystem to introduce farming, incentivizing users to contribute to the platform’s liquidity.
Staking
STON.Fi offers staking opportunities, allowing users to lock up STON tokens to earn passive rewards. As part of a limited-time offer, the platform periodically holds airdrops with up to 10% staking rewards for those who stake STON. In addition, stakers will gain governance rights in the STON DAO.
STON Overview
STON Price $3.42 STON Market Cap $3.42M STON Total Supply 100M STON STON Circulating Supply 1M STON STON Trading Volume $10.92K All-Time High (ATH) $5,433.09 All-Time Low (ATL) $0.07335
STON Tokenomics
The STON token is central to the STON.fi ecosystem, serving as both a utility and governance token. The tokenomics are designed to create a deflationary model, where the total supply gradually decreases over time through a token-burning mechanism. The platform’s total token supply was capped at 100 million STON during its initial minting, with no additional tokens to be minted in the future.
Token Distribution:
- 40% for ecosystem development and growth.
- 20% for staking rewards and incentives.
- 15% reserved for the core team (vested over time).
- 10% for liquidity pools.
- 5% for marketing and partnerships.
- 10% in reserve for future development.
STON holders can participate in the platform’s governance by staking their tokens and engaging in decisions that affect the protocol’s future direction, including fee structures and new feature implementations.
STON.fi Services
Token Swap
The primary service on STON.fi is the token swap, allowing users to exchange TON-based tokens easily. Supported tokens include popular assets like NOT, DOGS, TONG, CATI, PUNK, and more. The platform provides robust liquidity for these assets, but users should remain vigilant, as there are some scam tokens within the ecosystem. Always conduct thorough research before making transactions.
Farming and Staking
As mentioned, farming involves staking LP tokens to earn additional rewards, while staking STON directly enables users to receive passive income and governance rights. With its deflationary tokenomics, STON.fi aims to reward long-term holders and participants in its ecosystem.
STON NFTs
STON.fi has introduced two innovative tokens to enhance governance:
- ARKENSTON: A non-fungible governance token received by users who stake STON. ARKENSTON is non-transferable and can only be used for protocol governance. After the staking period, users can burn their ARKENSTON tokens to reclaim their staked STON.
- GEMSTON: Unlike ARKENSTON, GEMSTON is fungible and can be sold or transferred. GEMSTON tokens are also received when staking STON, providing more flexibility for users looking to trade or manage their assets.
STON.Fi Roadmap
STON.Fi is actively expanding its offerings and has ambitious plans for the future:
- Cross-Chain Integration: The platform plans to add support for additional blockchains, such as Polygon and other EVM-compatible chains, to facilitate cross-chain trading.
- Synthetic Asset Swapping: Users will soon be able to swap synthetic assets with minimal fees, designed specifically for high-volume trades.
- DAO Governance: The STON DAO will give token holders greater control over the platform, enabling them to vote on protocol changes.
- Margin Trading: Margin trading will allow users to borrow funds against their assets to increase their trading power.
- Gasless Swaps: STON.fi aims to implement gasless swaps, allowing users to pay transaction fees in any token they hold, removing the need to maintain native tokens for gas.
Conclusion
STON.fi (STON) is a rapidly growing DeFi platform within the TON blockchain, providing users with various trading, staking, and liquidity services. As the first DEX on TON, it has positioned itself as a key player in the ecosystem, leveraging its connections to Telegram’s vast user base and the security and scalability of the TON blockchain. With a deflationary token model, extensive roadmap, and future cross-chain capabilities, STON.fi is set to expand its offerings, making it a central hub for decentralized finance in the TON ecosystem.
Disclaimer
This guide is provided for informational purposes only and should not be considered investment advice. Always conduct thorough research before participating in the cryptocurrency market, as it is inherently volatile and involves risk.
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How to Buy STON.fi (STON)?
If you’re interested in buying STON, follow these simple steps:
- Purchase Toncoin (TON): Buy TON using 20+ fiat currencies on Switchere.com, using payment methods like credit cards, direct bank or SEPA transfers, or mobile payments like Apple Pay and Google Pay.
- Prepare Your Wallet: Set up a TON-compatible wallet like Tonkeeper or Tonhub to manage and store your STON tokens.
- Swap for STON: Use your acquired TON to swap for STON tokens on STON.fi.
STON.fi (STON) is a decentralized finance platform within the TON ecosystem, and its flagship decentralized exchange (DEX) is a core element of its offerings. Built on The Open Network (TON), STON.fi provides an accessible, low-cost trading platform with advanced DeFi services. This guide covers the STON.fi platform, its tokenomics, ecosystem, and services, while also explaining how to buy and stake the native STON token.
What Is STON.fi (STON)?
STON.fi is the first decentralized exchange (DEX) to launch on the TON blockchain, and it stands as one of the largest protocols in the ecosystem. With over $183 million in total value locked (TVL), the platform has rapidly become a major player in decentralized finance (DeFi) on TON. The platform’s key features include:
- Near-zero transaction fees
- Minimal slippage on trades
- User-friendly interface
- Integration with TON wallets
STON.fi’s mission is to create a seamless and accessible decentralized trading experience. Its particular emphasis is on integrating with the Telegram ecosystem, which provides access to a vast user base.
How Does STON.fi Work?
At its core, STON.fi is an Automated Market Maker (AMM), a key component of the DeFi landscape. Unlike traditional exchanges, AMMs use liquidity pools rather than order books, allowing for permissionless, automated trading of digital assets. When users contribute to these liquidity pools, they enable the platform to facilitate trades, earning rewards in the form of fees and additional STON tokens.
In an AMM, prices are determined algorithmically based on the pool’s asset ratios. This structure enables 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 tokens, including TON, USDT, and other popular assets within the ecosystem.
STON.fi DEX
STON.fi’s decentralized exchange allows users to swap tokens with minimal fees and slippage, taking advantage of its AMM model. Key features of the DEX include:
- Low Fees: Every swap is charged a 0.3% fee, with 0.2% allocated to liquidity providers and 0.1% to the protocol itself.
- Liquidity Pools: Users can provide liquidity to the platform and earn fees on trades. This helps ensure that the platform has deep liquidity, making it easy for users to swap tokens with minimal price impact.
Liquidity Provision and Farming
Liquidity providers (LPs) can contribute tokens to STON.fi’s pools and earn rewards. When users add liquidity, they receive LP tokens, which represent their share of the pool. These LP tokens can also be used in farming, where users stake their LP tokens to earn additional rewards in STON tokens.
STON.Fi was the first protocol within the TON ecosystem to introduce farming, incentivizing users to contribute to the platform’s liquidity.
Staking
STON.Fi offers staking opportunities, allowing users to lock up STON tokens to earn passive rewards. As part of a limited-time offer, the platform periodically holds airdrops with up to 10% staking rewards for those who stake STON. In addition, stakers will gain governance rights in the STON DAO.
STON Overview
| STON Price | $3.42 |
| STON Market Cap | $3.42M |
| STON Total Supply | 100M STON |
| STON Circulating Supply | 1M STON |
| STON Trading Volume | $10.92K |
| All-Time High (ATH) | $5,433.09 |
| All-Time Low (ATL) | $0.07335 |
STON Tokenomics
The STON token is central to the STON.fi ecosystem, serving as both a utility and governance token. The tokenomics are designed to create a deflationary model, where the total supply gradually decreases over time through a token-burning mechanism. The platform’s total token supply was capped at 100 million STON during its initial minting, with no additional tokens to be minted in the future.
Token Distribution:
- 40% for ecosystem development and growth.
- 20% for staking rewards and incentives.
- 15% reserved for the core team (vested over time).
- 10% for liquidity pools.
- 5% for marketing and partnerships.
- 10% in reserve for future development.
STON holders can participate in the platform’s governance by staking their tokens and engaging in decisions that affect the protocol’s future direction, including fee structures and new feature implementations.
STON.fi Services
Token Swap
The primary service on STON.fi is the token swap, allowing users to exchange TON-based tokens easily. Supported tokens include popular assets like NOT, DOGS, TONG, CATI, PUNK, and more. The platform provides robust liquidity for these assets, but users should remain vigilant, as there are some scam tokens within the ecosystem. Always conduct thorough research before making transactions.
Farming and Staking
As mentioned, farming involves staking LP tokens to earn additional rewards, while staking STON directly enables users to receive passive income and governance rights. With its deflationary tokenomics, STON.fi aims to reward long-term holders and participants in its ecosystem.
STON NFTs
STON.fi has introduced two innovative tokens to enhance governance:
- ARKENSTON: A non-fungible governance token received by users who stake STON. ARKENSTON is non-transferable and can only be used for protocol governance. After the staking period, users can burn their ARKENSTON tokens to reclaim their staked STON.
- GEMSTON: Unlike ARKENSTON, GEMSTON is fungible and can be sold or transferred. GEMSTON tokens are also received when staking STON, providing more flexibility for users looking to trade or manage their assets.
STON.Fi Roadmap
STON.Fi is actively expanding its offerings and has ambitious plans for the future:
- Cross-Chain Integration: The platform plans to add support for additional blockchains, such as Polygon and other EVM-compatible chains, to facilitate cross-chain trading.
- Synthetic Asset Swapping: Users will soon be able to swap synthetic assets with minimal fees, designed specifically for high-volume trades.
- DAO Governance: The STON DAO will give token holders greater control over the platform, enabling them to vote on protocol changes.
- Margin Trading: Margin trading will allow users to borrow funds against their assets to increase their trading power.
- Gasless Swaps: STON.fi aims to implement gasless swaps, allowing users to pay transaction fees in any token they hold, removing the need to maintain native tokens for gas.
Conclusion
STON.fi (STON) is a rapidly growing DeFi platform within the TON blockchain, providing users with various trading, staking, and liquidity services. As the first DEX on TON, it has positioned itself as a key player in the ecosystem, leveraging its connections to Telegram’s vast user base and the security and scalability of the TON blockchain. With a deflationary token model, extensive roadmap, and future cross-chain capabilities, STON.fi is set to expand its offerings, making it a central hub for decentralized finance in the TON ecosystem.
Disclaimer
This guide is provided for informational purposes only and should not be considered investment advice. Always conduct thorough research before participating in the cryptocurrency market, as it is inherently volatile and involves risk.
FAQ
Similar guides
What Is Toncoin (TON): A Step-by-Step Guide on TON
Darina Perepelitza
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