STFX

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Discover STFX's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is STFX?

STFX is a DeFi and SocialFi protocol designed to facilitate social trading and automated investment opportunities. It allows traders to monetize their trade ideas and investors to profit from these ideas through a unique gamification model. The platform utilizes non-custodial vaults dedicated to single trades, enabling users to deploy, manage, and invest in these vaults based on their market views. The native token, $STFX, has a hard-capped supply of 1 billion units and is designed to exhibit deflationary properties over time.

How is STFX used?

The crypto STFX (STFX) is the native token of the STFX platform, a DeFi and SocialFi protocol for short-term asset management. It is designed as a utility token, serving various key functions within the network. The token is deeply embedded into the platform and powers the entire STFX ecosystem.

Staking and Burning

Staking STFX unlocks a series of benefits, including:

  • 10% Annual Percentage Rate (APR)
  • Trading and Investment Rebates (up to 0.05% of personal volume)
  • Greater Vault Capacities
  • Greater Performance Fees
  • Longer Vault Duration
  • More Simultaneous Vaults
  • Secret Vaults (hiding trade details)

Staking is available on both Ethereum and Arbitrum blockchains.

Buyback and Burn

The platform employs a buyback and burn mechanism, where a large amount of STFX tokens are burned weekly, permanently removing them from the supply. This process turns the token into a deflationary asset, scaling with the increased use of the dApp.

Governance

The governance of STFX is fully determined by the holders of the STFX Token. By staking their STFX tokens, users get twice the amount in gSTFX, the protocol escrowed token, which enables them to participate in governance decisions.

Additional Uses
  • Staker Rewards for Volume: Stakers of STFX tokens receive further rewards in the form of STFX for every trade they are a part of, up to 0.05% of their volume.
  • Buyback and Distribute: Some of the bought-back tokens are distributed back to users of the dApp, incentivizing users to hold and stake the native token.

Overall, STFX is designed to provide a range of benefits and incentives to users who stake and hold the token, enhancing their experience within the STFX ecosystem.

How do I store STFX?

To store STFX tokens securely, you can use a non-custodial multi-coin wallet like COINS, which allows you to store over 2000 crypto assets, including STFX, on your mobile device.

How to buy STFX?

To buy STFX tokens, follow these steps:

  1. Choose a Crypto Exchange: Select a reputable cryptocurrency exchange that supports STFX, such as CoinEx or MEXC. Ensure the exchange is available in your region and offers the necessary trading features for your needs.

  2. Create an Account: Register a free account on the chosen exchange by providing required personal information, including your email address. You may need to complete Know-Your-Customer (KYC) verification to increase withdrawal limits and unlock additional features.

  3. Fund Your Account: Deposit funds into your exchange account using methods such as credit or debit cards, bank transfers, or peer-to-peer trading. The specific options may vary depending on the exchange.

  1. Place a Buy Order: Navigate to the exchange's Buy & Sell section and select STFX as the cryptocurrency you want to purchase. Choose the order type that suits your needs, such as Market Order, Stop Order, or Limit Order.

  2. Transfer STFX to Your Wallet: Once you have purchased STFX, you can either hold it in your exchange account or transfer it to a personal cryptocurrency wallet, such as Metamask Wallet, for additional security and flexibility.

  3. Monitor Your Investment: Keep track of your STFX investment performance and adjust your strategy as needed. Stay informed about market trends and news to make informed decisions.

Remember to research the exchange's fees, security features, and supported currencies before making a purchase.

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History of STFX

The history of STFX (STFX) is marked by significant milestones, particularly in its funding rounds. The project raised $2 million in strategic funding on January 11, 2023, with notable investors such as Blizzard Fund, eGirl Capital, LedgerPrime, Prismatic Capital, Space Whale Capital, PHD Capital, and Gagra Ventures. This strategic funding round highlights the confidence of major investors in the project's concept and potential.

Before this strategic funding, STFX had a seed funding round on July 25, 2022, which laid the groundwork for its future growth. The project's founder, MustStopMurad, has been actively promoting the project through various channels, including a podcast appearance where he discussed the social trading revolution and the role of STFX in it.

In terms of price history, STFX has experienced significant fluctuations. Its all-time high was recorded on November 20, 2023, at $0.08918, and its all-time low was on May 28, 2023, at $0.009372. This volatility underscores the dynamic nature of the cryptocurrency market and the need for investors to stay informed about market trends.

The STFX token is designed to be a utility token, serving various functions within the network. It has a hard-capped supply of 1 billion units, which is expected to exhibit deflationary properties over time. This supply cap is crucial in maintaining the token's value and preventing inflation.

Overall, the history of STFX is characterized by strategic funding, active promotion, and a focus on its utility token. These elements have contributed to its presence in the cryptocurrency market and its potential for future growth.

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How STFX works

The cryptocurrency STFX (STFX) is the native token of the STFX platform, a decentralized finance (DeFi) and SocialFi protocol designed for social trading and automated investment opportunities. Here's how it works:

Platform Overview

STFX allows users to create or invest in short-term "Single Traded Funds" (STFs), which are non-custodial, short-term vaults dedicated to a single trade. These vaults are designed to facilitate social trading, enabling users to raise funds for the execution of their trading ideas. The platform incorporates gamification features, offering an engaging trading experience for traders of various styles, all conducted on-chain.

Tokenomics

The STFX token is deeply embedded in the platform and powers the entire STFX ecosystem. It has a hard supply cap of 1 billion tokens, available on both Ethereum and Arbitrum blockchains. The token distribution includes allocations for independent angels, traders, and venture capitalists, as well as for the core team, future contributors, community incentives, and the STFX DAO Treasury.

Staking and Burning

Holders of the STFX token can stake their tokens to unlock various benefits, including a 10% annualized return over a six-month staking period. This translates to a 5% return over the designated six-month period. Staking also provides trading and investment rebates, greater vault capacities, and longer vault durations, among other perks. Additionally, staking enables users to participate in governance proposals, with their voting power doubled through the protocol's escrowed governance token, gSTFX.

Governance

The governance of STFX is fully determined by the holders of the STFX token. Users can participate in governance proposals and discussions through the official forum and voting platform.

Integration with Vertex Protocol

STFX has integrated with Vertex Protocol to enhance liquidity, reduce trading fees to a minimal 0.02% taker fee, and provide faster trade execution. This integration positions STFX as a formidable player in the evolving landscape of decentralized finance.

Trading and Investment

STFX allows users to deploy, manage, and invest in vaults tied to their market views. Traders can attach videos or images to their vaults, making trade theses more engaging. The platform facilitates the monetization of trade ideas through instantly joinable, monetizable vaults.

Community and Partnerships

STFX has a strong community and has partnered with other DeFi protocols, such as GMX, to tap into their liquidity and maintain a decentralized spirit. The community is active in discussing trading strategies and approaches, making it a valuable resource for users.

Overall, STFX is designed to provide a comprehensive social trading experience, combining the benefits of DeFi and SocialFi to create a unique platform for traders and investors.

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STFX's strengths

The token STFX (STFX) has several strengths that contribute to its value and utility within the STFX ecosystem:

  1. Deflationary Properties: STFX is designed to exhibit deflationary properties through its buyback and burn mechanics. This means that as the token is used more, a large amount of it will be burned, reducing the circulating supply and potentially increasing its value.

  2. Utility Token: STFX serves as a utility token, facilitating various functions within the network. This utility aspect adds to its value and encourages users to hold and stake the token.

  3. Staking Benefits: Staking STFX unlocks a range of exclusive benefits, including a 10% annualized rate of return, trading and investment rebates, greater vault capacities, and more. This incentivizes users to hold and stake the token, increasing its staked supply and adding value to the ecosystem.

  1. Governance: The governance of STFX is fully determined by the holders of the STFX token. By staking their tokens, users gain twice the amount in gSTFX, the protocol-escrowed token, giving them a greater say in the governance of the platform.

  2. Availability: STFX is available on multiple blockchains, including Ethereum and Arbitrum, making it accessible to a broader user base.

These strengths collectively contribute to the token's value and its role in the STFX ecosystem.

STFX's risks

STFX (St. Francis Xavier University) faces several financial risks that are managed through various strategies and policies. Key financial risks include:

Market Risk

Market risk refers to the potential impact on the university's cash flows due to changes in market prices. This risk is managed by investing in diversified pooled funds and utilizing third-party investment managers to minimize the impact of market fluctuations on the university's investments.

Interest Rate Risk

Interest rate risk arises from the potential impact of changes in interest rates on the university's financial instruments. To mitigate this risk, STFX uses interest rate swaps to fix interest rates on its long-term debt, with a few exceptions.

Credit Risk

Credit risk is the risk that the university may not receive payments from student accounts. To manage this risk, STFX places restrictions on the issuance of grades and degrees until payment on account is made and uses third-party agencies to collect outstanding receivables. A provision for doubtful student accounts is also recorded.

Liquidity Risk

Liquidity risk is the risk that the university may not have sufficient funds to meet its short-term financial obligations. STFX manages this risk by maintaining banking facilities to finance capital and operating requirements.

Securities Lending Risk

Securities lending, which involves lending securities to borrowers in exchange for collateral, is authorized to generate additional income. The collateral must be highly rated and at least 105% of the loan value, with regular monitoring to ensure the collateral remains sufficient.

Valuation Risk

Valuation risk arises when securities do not have an active market. In such cases, the securities are valued at least annually by the Custodian or an independent appraiser.

Endowment Spending Risk

The university's endowment spending policy aims to balance the need to support current students with the long-term preservation of the endowment. The spending rate is reviewed annually and takes into account factors such as the purpose of the funds, general economic conditions, and expected total returns from investments.

These financial risks are managed through a combination of investment strategies, risk management policies, and regular monitoring to ensure the financial stability and sustainability of the university.

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Did STFX raise funds?

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STFX’s team

  • Murad (CEO): Founder of STFX, a notable figure in the crypto industry, and advisor to several DeFi projects including IntentX, Capswann, and RareRound.
  • Archer: Handles operations and marketing for STFX.
  • Biqo: Serves as the engineering manager for the project.
  • Abi: Responsible for smart contract development.
  • Marcos: Works on the backend of the platform.
  • Pavlo: Also involved in backend development.
  • Nat: A full-stack developer for STFX.
  • Andy: Another full-stack developer contributing to the project.
  • Anche: Focuses on frontend development.
  • Vibin: Also involved in frontend development.
  • David: Handles design and UX for STFX.
  • Eric: Oversees marketing and growth strategies.

Whalee AI

The fundamental analysis assistant for crypto value investors.

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