Hey All,
Its a immersive pleasurer to see and report when one of the project in which you are invested in is makes a trending move and is trading at a higher price then usual. I have been part of the Stargaze (STARS) - proof-of-stake Layer1 for NFTs built on Cosmos project for a long time. I got the $STAR tokens via the Airdrop and since then I have these tokens staked which is earning an APR of above 22% at the moment.
As you see from the above screenshot I have close to 1.8K+ $STARS tokens staked and the read to claim rewards of 83+ #STARS is available. The Stargaze NFTs project got my attention today when I saw its price pumped almost 30% today with drastic increase in the liquidity and trading volumes as well. $STARS are the native token for the Stargaze network. Its a basically a staking token, with utility as governance, staking rewards as I discussed currently are around 22% APR, and transaction token for the NFT use-case. Plans to buy STARS then they can be purchased on the Stargaze App itself Here leveraging the Swap feature.
So what made the price of #STAR skyrocket remains the main question now? Browsing through the internet and twitter feeds of #StargazeZone - I found out two main reasons that is resposible for the sudden increase of #STARS token::
Reason No.1
At present #Stargaze is almost a top 10 chain for NFT sales volume, whereby surpassing @arbitrum and @Ronin_Network. And the claim is that all this is achieved by zero wash trading involved.
Reason No.2 -
The NFT mint craze is back and this time we have music and animated pixerlart collections for grab here on Stargaze chain. At resent there are many presale and minting LIVE..the one gain more attention is the @The_Order_NFT - The #NFTs are accompanied by some epic music and gorgeous animated #pixelart. Also #Apelleons Unite with the Apelleons - titans and guardians of the azure expanse is LIVE too. And thee is much more to it.
Hence the demand for #STAR is on rise. People in rush to mint these unique NFT collections and be part of the project to earn royalties by just HOLDing the NFTs. In my case, I have no plans to buy or mint any of these new NFTs collection and will continue to HODL and stake my #STAR rewards.
Have Your Say on Stargaze (STARS) - proof-of-stake Layer1 for NFTs..
Did you hear about the Stargaze project earlier? Are you minting any NFTs on the Stargaze chain? Do you HODL any NFTs there? Stakaing Vs Selling you #STARS token? Would love to hear your thoughts around it in the comment box below? Cheers
Stargaze (STARS) - proof-of-stake Layer1 for NFTs built on Cosmos...
#stars #osmosis #nft #stargaze #mint
Image Credits:: app.stargaze, osmosis
Best Regards