Article Summary, Automatically Generated By AI
Summary of Stargaze (STARS)
Overview
- Decentralized and community-owned network for NFTs
- Built as an app-specific Cosmos Proof-of-stake chain with Tendermint consensus engine
- Goal: similar to OpenSea, governed by a community via a curation DAO and a protocol DAO
Features
- Buy, sell, and trade NFTs
- Trade NFTs across other IBC-enabled chains
- Interoperate with Ethereum over Gravity Bridge
STARS Token
- Native staking token for:
About Stargaze: Illuminating the Cosmos of Blockchain Innovation
Introducing Stargaze (STARS): A Comprehensive Overview
Stargaze is a decentralized, community-driven network tailored specifically for NFTs. Built as an application-specific Cosmos Proof-of-Stake chain, it leverages the Tendermint consensus engine to facilitate seamless transactions. Its ultimate goal is to rival OpenSea, but with a distinct twist: governance is entrusted to a community-driven curation DAO and protocol DAO, ensuring a truly decentralized and democratic ecosystem.
Stargaze will empower users to seamlessly buy, sell, and trade NFTs, while facilitating effortless cross-chain trading with other IBC-enabled blockchain networks. Furthermore, it will seamlessly interoperate with Ethereum via the Gravity Bridge, fostering a unified and expansive NFT ecosystem.
STARS is the indigenous token that serves as the cornerstone for staking, facilitating a multitude of purposes, including:
The network’s operational costs encompass fees for transaction processing and data storage, as well as the maintenance of validator nodes through the staking of STARS tokens. Additionally, users can participate in governance by voting on protocol upgrades and parameter adjustments. Furthermore, the DAO enables users to curate NFTs and allocate funding to creators, while also facilitating the minting and bidding of NFTs.
Our comprehensive suite of Stargaze tools encompasses:
Introducing Stargaze node software, a comprehensive solution for operating validators, full nodes, and executing command-line operations with ease.
The Circulating Supply of STARS Coins: An Overview
On October 29th, 2021, the Stargaze mainnet was launched, accompanied by the creation of 1 billion STARS tokens at genesis. Subsequently, new coins are minted annually through a process of inflation. This inflation is governed by a “thirdening” schedule, whereby it is reduced by one-third each year. Specifically, the inflation rate for the inaugural year is 100%. For a detailed breakdown of the release schedule, please refer to
this link
.
The Visionaries Behind Stargaze: Meet the Founders
Stargaze was founded by Shane Vitarana, Jorge Hernandez, and Jake Hartnell, a trio of seasoned programmers boasting extensive expertise in software engineering.
Shane and Jorge crossed paths while collaborating at TruStory, a pioneering protocol built upon the Cosmos SDK. Jake’s encounter with Shane dates back three years, and their professional partnership has since spanned over two years. Notably, Jake is one of the esteemed maintainers of cw-nft, the esteemed NFT repository for CosmWasm, the innovative smart contract technology powering Stargaze.
With nearly three decades of programming experience under his belt, Shane has successfully developed and published several highly acclaimed iOS apps, including Drum Kit and TED. Prior to venturing into app development, he made significant contributions to the open-source web framework Ruby on Rails and was among the pioneering team members at Groupon. His professional journey also includes stints at Orbitz.com and Motorola. Shane’s academic credentials include a Master of Science degree in Electrical Engineering, specializing in Electromagnetics, as well as a dual Bachelor of Science degree in Computer Engineering and Computer Science.
Acquiring STARS: A Guide to Purchasing Options
Presently, STARS is exclusively accessible within a liquidity pool on Osmosis, specifically at
https://app.osmosis.zone/pool/604
.