What Is STON.fi (STON):

A Complete Guide on STON Crypto on TON

How to Buy STON.fi (STON)?

STON.fi is a decentralized finance (DeFi) platform and the flagship decentralized exchange (DEX) on The Open Network (TON). It offers an accessible, low-cost trading platform with advanced DeFi services. To acquire STON, the platform's native token, follow these steps:

1. Purchase Toncoin (TON): Buy TON on a centralized exchange that supports it. Many platforms allow you to purchase TON with various fiat currencies using payment methods like credit cards or bank transfers.
2. Set up a TON Wallet: Transfer your TON to a compatible self-custody wallet, such as Tonkeeper or Tonhub. This wallet is necessary to interact with decentralized applications on the TON network.
3. Swap TON for STON: Connect your wallet to the STON.fi exchange and use your TON to swap for STON tokens.

What Is STON.fi (STON)?

STON.fi is the first and one of the largest decentralized exchanges (DEXs) on The Open Network (TON). With a total value locked (TVL) exceeding $300 million, the platform is a key player in the TON DeFi ecosystem. It features extremely low transaction fees, minimal slippage, a user-friendly interface, and direct integration with popular TON wallets. STON.fi aims to provide a seamless decentralized trading experience, focusing on deep integration with Telegram to leverage its massive user base.

How Does STON.fi Work?

STON.fi functions as an Automated Market Maker (AMM), a core technology in decentralized finance. Instead of traditional order books, AMMs use liquidity pools to enable automated, permissionless trading. Users, known as liquidity providers, contribute tokens to these pools and earn rewards from transaction fees. An algorithm automatically determines asset prices based on the ratio of tokens within a pool, ensuring constant liquidity for a diverse range of assets.

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

Users can provide liquidity by contributing 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 STON rewards. STON.fi was the first protocol in the TON ecosystem to introduce farming, incentivizing users to 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 generates passive income and will grant governance rights in the future STON DAO, giving stakers a voice in the platform's development.

STON Overview

Note: Figures are approximate and updated as of late 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 capped at 100 million STON at launch and no further minting planned. A token-burning mechanism will gradually decrease the supply over time. 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, and TONG. While the platform provides robust liquidity, 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 cross-chain integration with EVM-compatible chains like Polygon, the introduction of synthetic asset swapping, and the launch of margin trading. The platform also aims to fully transition to DAO governance 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 by 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 volatile and involves significant risk. Always conduct thorough research before making any investment decisions.