Another star blockchain project in Silicon Valley, STAR (Interstellar) is ready to go
Speaking of the hot sector of the blockchain in 2020 , DEFI (Decentralized Finance) does its part. According to statistics from DeFi Market Cap , the current total market value of DeFi projects has exceeded 7.4 billion US dollars, and two months ago, the total market value was less than 1 billion US dollars. In other words, in just over two months, the total market value of DeFi projects has skyrocketed by more than 700% . In addition, the lock-up funds on the DeFi project have also shown explosive growth, which has exceeded US$ 2.08 billion.
The STAR (Interstellar) team was established in 2018. The team predicted that the DEFI field will flourish two years ago, so at the beginning of its establishment, they chose the road of game public chain.
‘The DEFI is not only loans,but games is more suitable’,said Alger,the CTO of Interstellar.
When the game public chain is combined with DEFI, what kind of chemical reaction will it produce?
STAR innovative use of IGO (Initial Game Offering) economic model early token distribution, the image that can be interpreted as ‘ gaming is mining ‘ . The difference between IGO and ICO is that IGO is a gradual process, and the participation process is full of interactive links. While avoiding the ICO smashing at the opening of the market, it also allows participants to experience the true meaning of the blockchain.
The game process is one of the application scenarios of DEFI, because the game needs currency, and the currency in the game needs to circulate, store and even generate loans and other economic activities. Therefore, we can foresee that STAR’s game economic model will flourish in the future, and according to Interstellar’s white paper, it will be upgraded to a DPOS public chain in 2021. This move will continue to provide greater help to STAR’s circulation scenarios and circulation efficiency. .
According to Interstellar official website i-stellar.io, the project was established in 2018. After two years, it has become the hottest blockchain star project in Silicon Valley in 2020. It is currently in closed beta and is expected to be fficial beta in August, so stay tuned.