bemo staked TON

Overview

Bemo Staked TON (stTON) is a liquid staking derivative token that represents staked TON (The Open Network) cryptocurrency. When users stake their TON through Bemo's platform, they receive stTON tokens in return, allowing them to maintain liquidity while earning staking rewards.

Purpose and Utility

The primary purpose of stTON is to enable TON holders to participate in network validation and earn staking rewards while maintaining liquidity of their assets. The token represents a claim on staked TON plus accumulated rewards.

Business Model

The protocol operates by accepting TON deposits from users, staking them in The Open Network's validation system, and issuing stTON tokens that represent the staked position. The protocol generates revenue through a small percentage of staking rewards.

Real-World Adoption

stTON is actively used within the TON ecosystem, with users staking their TON through the Bemo platform to participate in network validation while maintaining liquidity. The protocol is integrated with various TON-based DeFi platforms.

Platform Development

The project maintains regular development activity, focusing on security improvements and platform optimization. The team regularly updates the protocol and maintains transparent communication about platform operations.

Token Distribution

stTON tokens are minted when users stake TON and burned when they unstake, creating a dynamic supply that directly reflects staked assets. There is no pre-mine or founder allocation of stTON tokens.

Revenue Model Evaluation

The revenue model is based on taking a small percentage of staking rewards, which is a straightforward and transparent approach. This model doesn't involve interest-bearing loans or prohibited activities.