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Summary of GEMSTON Project
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Project Description:
Cross-chain zero-trust DEX and leading AMM DEX on TON -
Unique Feature:
RFQ-based cross-chain exchange using Hashed Timelock Contracts (HTLC) for atomic cross-chain swaps -
History:
- Founded in May 2022
- AMM DEX on TON launched on November 20
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Future Plans:
- Cross-chain swaps (TON-TRON, EVM-compatible chains)
- DAO Governance
About Gemston: Pioneering the Future of Digital Assets
The project’s underlying premise revolves around…
Embracing a revolutionary paradigm, our platform pioneers a cross-chain, zero-trust decentralized exchange (DEX) and emerges as a leading automated market maker (AMM) DEX on the TON network.
What sets your project apart from the rest?
STON.fi is a pioneering Request For Quote (RFQ)-based cross-chain exchange that leverages Hashed Timelock Contracts (HTLC) to facilitate seamless, atomic cross-chain swaps. This innovative approach obviates the need for additional trusted intermediaries, thereby offering a unique synergy of deep liquidity and price stability, typically associated with RFQ-based exchanges, alongside the uncompromising security inherent in intrachain DEXs. Notably, the protocol’s trustless architecture eliminates the need for trust assumptions among participants, earning it the distinction of a Zero-Trust Cross-Chain DEX.
The Genesis of Our Project: A Journey Through Time.
STON.fi was established in May 2022, marking the inception of a novel endeavour. A significant milestone was reached on November 20, with the successful launch of an Automated Market Maker (AMM) Decentralized Exchange (DEX) on the TON network.
What lies ahead for your project?
Introducing seamless cross-chain swaps, commencing with TON-TRON transactions, followed by EVM-compatible chains, alongside DAO Governance and a user-friendly Telegram Web application.
What are the utilities and applications of your token?
GEMSTON is an engagement token designed to incentivize active participation within the STON.fi protocol. The GEMSTON tokens are allocated to stakers’ wallets in the form of fungible tokens on the TON Blockchain, allowing for seamless transfer, trading, or holding at the staker’s discretion.