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STS | Stasis Network Token
A growing niche within crypto and DeFi is the concept of deflationary tokens. Projects as large as Ethereum, Binance, and Polygon all promote and covet their transition to being deflationary.
Stasis Network Token (STS) is a deflationary utility token on the Polygon network. Utilizing our methodology built around Principal Resonance, Stasis Network will grow the value of the protocol’s Treasury and token price over time. During its life cycle, the STS supply of tokens will continually decrease and become more scarce.
STS has a starting supply of 260 million tokens. No new tokens can be minted. From day one, the supply of STS will begin to decrease. For clarity, there is no 'burn wallet' at risk of being accessed or otherwise scrutinized. When tokens are burned, they are destroyed permanently.
Pairing this decreasing supply with a growing Treasury and network revenue, Stasis Network’s ultimate goal is to increase the value of assets backing each token while reducing the number of tokens in circulation. This will have an exponential, compounding effect on the long-term token price.
To help achieve this deflationary strategy, STS will have reasonable taxes on buy and sell events. There is no transfer tax. However, the team can implement this temporarily if an upcoming promotion/feature dictates it. This would be communicated before any changes were made, and standard network operations would not see a transfer tax in place.
Note: some projects use the term 'deflationary' incorrectly. Deflationary does not simply mean the supply is decreasing. A key metric for an asset/currency to be considered deflationary is its purchasing power increases over time. Remember, decreasing supply does not cause the value to increase. However, less token supply in circulation can increase the impact new demand has on the value of a token, causing it to increase over time.