StarTerra: Launchpad for GameFi Projects on the Terra Ecosystem

Continuing our series on analyzing Launchpads for NFT gaming projects, Gamefinity introduces a new project: StarTerra - a fresh Launchpad for GameFi projects on the Terra network.

So, what exactly is StarTerra? How does StarTerra's Launchpad differ from others? Let's delve into the details of the StarTerra project with Gamefinity in this article.

What is StarTerra?

StarTerra is an IDO platform within the Terra ecosystem. StarTerra aims to support other projects in raising capital through token sales.

StarTerra stands out with its unique blend of guaranteed allocation rewards and lottery-based rewards.

Key Highlights of StarTerra

StarTerra's IDO System

The purpose of StarTerra is to aid other projects in fundraising through token sales.

The project offers 2 participation formats: Lottery and Guaranteed Allocation, based on the amount of STT tokens held by users. There are 5 tiers of participation with the following STT thresholds:

• StarTerra: 250 Staked STT, Pool Weight 20%, lottery format.
• Lunatics: 3,000 Staked STT, Initial Pool Weight 15%, lottery and up to 15% guaranteed.
• Degens: 3,000 Staked STT, Initial Pool Weight 15%, lottery and up to 15% guaranteed.
• Interstellars: 3,000 Staked STT, Initial Pool Weight 15%, lottery and up to 15% guaranteed.
• Whalecraft: Top Wallet, Initial Pool Weight 20%, guaranteed format.

Earn Interest by Staking UST on StarTerra

Similar to other projects in the Terra ecosystem, StarTerra offers a 20% APY farming opportunity by depositing funds into the Anchor Protocol. The 20% interest is distributed as follows:

• 10% directly to depositors
• 5% to top servers via the Play2earn mechanism
• 5% is used to buy back STT tokens and implement a buyback and burn mechanism to reduce token inflation

GameFi NFT & Play2Earn

To enrich gameplay, StarTerra will introduce limited edition NFT collections with stunning graphics and utility.

These NFTs can be avatars, weapons, armor, creatures, and more.

With these special NFTs, players can enhance their leaderboard standings and gain higher allocations in IDOs, access Whalecraft, participate in play2earn payments, and other surprises from StarTerra's store!

STT Token Burn Mechanism

Additionally, STT tokens will feature a burn mechanism, although details have not yet been disclosed.

Roadmap

Q1 2021

Market research
Gathering feedback from other IDO platforms
Initial project ideation phase
Q2 2021

Community building
Website development
Establishing partnerships with investors and strategic partners
Q3 2021

STT token sale
Listing on DEX platforms
Initial platform launch phase
Q4 2021

Listing on CEX platforms
Complete platform launch
Development team and partnerships

StarTerra Development Team

Wojciech Gruszka (PanParagraf) - CEO & Founder: A lawyer and blockchain project advisor. With experience from international firms like Deloitte and Shell, he successfully advises various fintech organizations. His Twitter channel is a widely followed reference for tokennomics analysis.
Do Kwon - Trusted Partner: Founder & CEO of Terraform Labs and the entire Terra Blockchain. His enthusiasm and inspiration have led to the creation of numerous outstanding projects on Terra. StarTerra is one such project built from the ground up with his support.
Maciej Miłkowski - Head of UX/UI: A world-class UX/UI expert. As CEO of imTU - specializing in design and development, he possesses the management capabilities to execute challenging projects. In StarTerra, he oversees all design and user experience matters. Personally, he is also passionate about cryptocurrencies.
Tomasz Kowalczyk - CSO: Poland's most reputable blockchain expert. He gained fame through the YouTube channel CryptoDev, where he shares technical aspects of blockchain technology with the community.
Additionally, StarTerra has received investments from major investors such as Hashed, Skyvision Capital, Genesis Block Ventures, Qi Capital,…

How to Participate in IDOs on StarTerra

Step 1: Visit the StarTerra homepage, connect your Terra Station wallet, and deposit tokens.

Step 2: Example: Token sale of Orion Money. Click "Participate."

Step 3: Accept the Terms of Use. Click "Do it now."

Step 4: Complete KYC. Click "Do it now."

After successful registration, await notification for token purchase.

STT Token Overview and Role

Token Name: STT Token
Ticker: STT
Blockchain: Terra
Token Standard: CW20
Contract: terra19pg6d7rrndg4z4t0jhcd7z9nhl3p5ygqttxjll
Token Type: Utility, Governance
Total Supply: 100,000,000 STT
Circulating Supply: 3,510,000 STT

STT Token Utility

Staking Utility: STT investors earn passive income not only from daily STT rewards but also from weekly airdrops through the multi-asset staking feature.
Governance: STT stakers influence critical aspects of platform development such as staking yield, buyback, burn,…

Deflationary Tokenomics: STT token holders benefit from a gradually reducing inflation model driven by a buyback and burn mechanism funded by transaction fees.

Conclusion

Gamefinity has compiled the latest information on the StarTerra project and STT token through this article. We hope this provides valuable insights to our readers.