Stargate Finance Docs
  • 📖 Introduction
  • The Mechanism
    • 💡 Basics
    • 🦑 Staking
    • 🐚 Minting
    • 🤔 Buying or Minting
  • Protocol Essentials
    • ⏳ Phase One Status
    • *️⃣ Policy-Making Parameters
    • 🔁 Circular mechanism
    • 💰 SGT Token
    • 🕮 Contract Addresses
  • The Stargate's Future
    • 🚀 Road Ahead
  • Guides and Questions
    • Guides
      • Staking
      • Minting
    • FAQ
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  1. Protocol Essentials

💰 SGT Token

The SGT token is programmed to be the reserved currency and is created without needing to mirror the dollar's purchasing power. The SGT token is backed but not pegged to any fiats. Instead, it is backed by a basket of crypto assets, and its price is allowed to float above the value of those assets backing it.

The SGT token has no minting cap. But it can only be created from minting/bonding and profit distribution by staking. When SGT tokens are minted, the same amount will be transferred to the DAO reserves. In the profit distribution process, SGT tokens are distributed per round in the staking pool and are still being backed by 1 USDT.

SGT does not have presale or VC investment. All tokens are launched fairly to the participants.

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Last updated 3 years ago