STS+

A modified XUSD fork, STS+ is a stable-backed asset designed to be a value anchor of the Stasis Network ecosystem. STS+ will be 100% collateralized with USDC stablecoin, and mechanically the token cannot depreciate. Due to Stasis Network's unique Dynamic Strategies, STS+ now has an activity utility, pushing volume through the token, causing it to appreciate more rapidly.

TOKEN INFO

Buy Tax - 1% / Sell Tax - 1% / Transfer Tax - 1%
Initial Launch Price - $0.10

There are small taxes for interacting with STS+ that fold back into the smart contract, causing the existing tokens to appreciate with every transaction. STS+ growth will be measure with Annual Percentage Appreciation (APA).

how sts+ works

From a technical standpoint, USDC is deposited into the smart contract, and and equal amount of STS+ is minted, minus the 1% Buy Tax. To cash out STS+, those tokens are redeemed and destroyed, minus the 1% Sell Tax. The user receives USDC from the contract. This is the only way someone can remove USDC from the STS+ contract.

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