At present,
STN token is held for voting & governance ✍️
STN tokens will be issue as reward when minting stBNB & redeeming BNB
When minting stBNB, 0.1% BNB will be deducted as staking fee. When redeeming BNB, 0.1% of stBNB amount will be deducted as unstaking fee, but user get extra STN as reward
The stake fee and unstake fee will be collected into StoneBank communityTaxVault. These fees will be used to buy STN from Pancake swap, and the STN will be burned immediately.
Governance token will provide the right to trigger the burn operations.
STN token can be burned 🔥to accelerate unstaking of liquid token from the validator nodes
STN token can be locked up to farm for more stBNB tokens.
Last updated 4 years ago
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