DeFi actually gives many ordinary investors opportunities. Every user has the opportunity to access the core interest circle of the DeFi sector. In addition to being a contributor to the DeFi facility, such as providing liquidity to the protocol through liquidity mining, and earning revenue, DeFi players are also given the power and opportunity to become early investors.
At present, Uniswap, Balancer, Polkastarter, DODO and other decentralized protocols have gradually become the main battlefield of IDO. Many high-quality projects have also developed IDO based on these DeFi facilities, and many participating users can get a lot of benefits. , Such as UMA, MTA, API3, PREP and other high-quality projects also distribute their own tokens through DeFi IDO model.
However, autonomous IDO platforms such as Uniswap, Balancer, DODO, etc. are mostly built on Ethereum (asset richness and users are basically concentrated on Ethereum), which presents an overall problem of high participation costs. For example, it may cost tens of dollars to interact with the contract several times during the peak period, and you will lose money if you do not win the bid. Similarly, based on the problem of Ethereum GAS fees, there are still many problems.
IDO-focused protocols such as Polkastarter, Bounce, and Mesa, have bad economic model for users, which also makes users less motivated to participate. For example, the number of participants in a single project of polkastarter is mostly in the range of 100-300, and the IDO quota of a single user is also relatively low. Therefore, in the IDO sector, StarTerra, based on the Terra ecosystem and characterized by Gamified, shows considerable advantages.
StarTerra is a gamified IDO platform built on the bottom of Terra. From the perspective of the bottom of the ecology, Terra gives StarTerra a unique advantage. In the Terra ecosystem, although the overall number of DeFi protocols is not large, the quality of DeFi members in the Terra ecosystem is generally quite high.
Terra is a blockchain protocol built on the Cosmos framework, so Terra also inherits the security and efficiency of Cosmos. Whether it is Ethereum or other blockchain ecology, the financial foundation is basically built on the value of ETH, BTC tokens and stable coins. In the Ethereum-led DeFi world, DAI, USDT, PAX and USDC and other stable coins has gradually become the main force of the current circulation of stable coins. In particular, centralized stablecoins such as USDT and USDC are risky.
Terra has built an algorithmic stable currency ecosystem, based on the native token LUNA, and produced the native stable currency UST by destroying LUNA tokens . In fact, UST value support is LUNA, not bank dollars or other mainstream currencies that are over-collateralized like traditional stablecoins. As the price of UST breaks down, users on Terra perform arbitrage to level off anchor. Based on the ecosystem built by Terra, users can use its stable currency for payment, investment and savings.
At present, the Terra ecosystem contains several high-quality DeFi protocols such as Mars Protocol and ANCHOR in the lending sector, Mirror Finance for synthetic assets, and so on. According to data from DefilLama, the overall TVL of the Terra ecosystem has reached US$3.76 billion, making it the fourth largest DeFi ecosystem after Ethereum, BSC, and Polygon.
At present, although Terra has sufficient funds, the overall thickness of the ecology is lacking. The overall TVL is mainly concentrated on Mirror Finance and ANCHOR, although in addition to these, it also includes such as the aggregator Orion Money, DEX's Levana Protocol, payment protocol Suberra Protocol, and More than 20 projects such as Angel Protocol, but at present, ecological richness is lacking.
Compared with Ethereum and BSC, their ecosystem has a relatively high-quality incubation section, such as the several IDO platforms mentioned above, which can help project teams raise funds and provide an early "incubation" for some high-quality projects, especially emerging projects.
For StarTerra, it plays the role of an incubator on Terra, makes up for the lack of Terra ecology in this sector, and provides help for emerging projects in Terra ecology, and further promotes the prosperity of Terra ecology.
Gamified IDO Launchpad StarTerra
Terra's bottom layer has good liquidity, and Terra has also launched the Terra Bridge cross-chain bridge.Terra is an independent public chain based on the Cosmos framework, so performance and security are guaranteed. Overall, Terra is more suitable for the "development" and growth of DeFi. StarTerra, as the Launchpad platform based on Terra, also has relatively unique advantages. In addition, the Launchpad track in the Terra ecology has less competition, and StarTerra has greater potential.
StarTerra is not only able to provide early fundraising (IDO) and marketing support, but also consulting, financial assistance, strategic partnerships and other support for IDO in the future. At the same time, from the perspective of users, StarTerra will participate in it in the form of gamification, which is relatively good step in the StarTerra ecosystem. Therefore, compared with other ecological IDO platforms, StarTerra's incubation nature is stronger, and its support for many emerging projects is also greater.
In addition to building a Launchpad platform, StarTerra has also built an incentive-rich game earning system. Users can participate in some activities on StarTerra in the form of games and enjoy different rights and interests according to the level in the game. Currently, according to StarTerra's Twitter poll, the game system is named "Interstellar". StarTerra divides investors into different levels. For example, the five factions that currently exist include StarTerra, Lunatics, Degens, Interstellars, and Whalecraft.
StarTerra uses ST tokens as its native tokens. Users can choose the form of staking to choose from the above-mentioned factions. Different factions need to pledge different amounts of ST tokens, and of course the rights they can enjoy are also different. Users can pledge more than 500 ST tokens to become members and enjoy certain airdrops and benefits. Lunatics, Degens, and Interstellars are at the middle level. Users need to pledge more than 3000 ST tokens and can choose to become a member of one of these three “systems”. These users will enjoy another 20% reward based on their original rights and interests.
So in general, users who first participate in StarTerra can enjoy the convenience and low GAS fee brought by the Terra ecology. Compared with other IDO platforms, StarTerra uses gamification as a basis to give users at different levels different rights and interests. At the same time, airdrops will be given to community users every week to help IDO project parties carry out marketing and so on. StarTerra not only benefits users on IDO, but in the overall gamification design, StarTerra still allows users to obtain corresponding benefits, namely "Play-to-earn", which is not available in other ecosystems.