$STONE: The Renaissance
“There is nothing permanent except change.”
- Heraclitus
From the Beginning: Our Journey So Far
A couple of years ago, we set out on an exciting journey with $STONE and StoneSwap. Thanks to the support from our community, we raised funds to build something great. But as with any adventure, resources ran out by May 2024. Since then, the team rolled up their sleeves and personally kept the project alive, because we truly believe in what we’re building and in all of you.
A Big Move: $STONE Renaissance
Now, we’re ready for a big change. We’ve decided to re-introduce $STONE. Why? Be aligned with the launch of ModulusZK. As a community, we need to be ready before, and have our plan laid out.
To make the transition smooth, we’ll be withdrawing liquidity from the current Uniswap V2 pool on Ethereum, while providing the new tokens on Ethereum directly by an Airdrop, this is fully based on an snapshot of all holders at the moment prior of retrieving the liquidity.
We will proceed with the creation of the new token which will be airdropped directly to your wallets to avoid any fees from our community’s side.
Tokenomics Update: Growing Together
We’re updating our tokenomics to welcome new community members and better support staking rewards. We’re expanding the total supply to increase rewards for early stakers and accommodate the new community, giving everyone a stronger incentive to join and continue believing on StoneSwap as all of you have done till now. At the same time, trading fees generated on Modulus will directly sustain the staking rewards, creating a sustainable model where the community benefits from both participation and platform growth. This balance aims to keep $STONE strong for the long haul.
Based on the new Tokenomics, 15% of everyone’s $STONE balance will be Airdrop’ed in Ethereum. The remaining 85% will be directly provided to your wallets as Staking once the Platform is up, this way we can comply with the LaunchPads requirement to solve the Liquidity Issues, and at the same time provide the most deserved rewards to all our supporters.
We know this is a BIG change, hence why we decided to also be part of this shift, reducing our Team Allocation from 15% to 7.5%, modifying our own token participation by half.
We’re also introducing new cliffs and vesting periods on the team’s side to align with the project’s long-term growth and stability. This shows our commitment to share in the journey alongside our community as we build StoneSwap’s future together. Hopefully everyone will help us on this journey we have ahead.
Tokenomics Breakdown:
https://docs.google.com/spreadsheets/d/1nmB75ik-Dq4l_-wtRV9oXMu9iheEq9O2RKMqtXzg_ss/edit?usp=sharing
Fueling Growth: New Fundraising Plans
To keep growing strong, we’re launching two new fundraising rounds. First up is the CULT Community Sale, followed by a LaunchPad raise. These will help solve liquidity challenges and fund the next phase of development. Our Mission is still there: To become the top DEX powering ModulusZK, powering $CULT.
Staking around the Corner
To comply with the fundraising standards and bring fair value to everyone, we are launching our Staking Platform on Ethereum. With over 150 million $STONE tokens in rewards spread across 3 years, you’ll be able to lock your tokens for flexible or longer terms. The longer you lock, the bigger your rewards. It’s our way of rewarding your support as we build something that lasts.
Looking Ahead: The Best Is Yet to Come
This is just the beginning of a new, exciting chapter for StoneSwap. Thanks for being with us on this journey, the best is yet to come.
