We are preparing the DAO ecosystem, which requires upgrading the first token from STGZ into STGO. The upgrade will have bonus rewards.
When the Orion Expansion began, the vision was to create a secondary token that would be used for staking. STGZ would remain yield farming, and STGO would support the STGZ tokenomics, while forging forward new DAO frontier. Due to personal emergencies amongst the original team, development was forced to slow down.
Within a month we took immediate action, and expanded our team to include Stargaze’s most dedicated believers. Our team consists of a vibrant community of individuals, all who are personally invested in the future of Stargaze. After we sat together and outlined our goals for the future, we felt it was pertinent to make a very difficult choice, to upgrade the legacy token STGZ into STGO. In doing so we want to show our commitment to the expansion and to the future of the Stargaze Protocol.
This means we will be aggregating liquidity to prepare for the DAO ecosystem via a preferential bonus swap from STGZ to STGO, with a chance to get an NFT upon upgrading.
What’s in it for me?
The immediate benefit of swapping your STGZ for STGO is the up to 224% increase in value you get for your tokens, and the chance to get 1 of 50 NFTs as a bonus for the upgrade. You will then hold the STGO token to benefit from DAO launch.
- Announcement: March 9th, 2021
- Start date: March 10th, 2021 12pm GMT
- Upgrade period is 7 days, during which the STGZ token will be migrated to a temporary holding account for the DAO
- STGO will be vested for a period of 90 days
- NFT Contest within 14 days of the upgrade event, details to be announced
- Upgrade Link: https://app.stargazeprotocol.com
The end of the beginning!
This is just the first step in preparing this amazing ecosystem. There is so much more to come!
All points of action will be announced across our channels with plenty of notice, so no-one misses the opportunity. So keep your eyes peeled!
- Is this a pivot?
Absolutely not. It’s the evolution of the current ecosystem. STGO liquidity will be locked.
- Why is it happening?
It brings the project together in a way that makes it more functional, easier to market, and prepares it for further development of the greater ecosystem.
- How do I get an NFT when I upgrade my STGZ to STGO?
It’s a random chance when you complete the upgrade. Simple. Fair.
- Do I have to upgrade?
No. But STGZ will be swapped to STGO and the liquidity will migrated to the DAO. The bonus period is to incentivize you to run the upgrade sooner and not lose out on the STGO and DAO roadmap
Special thanks to Guybrush, Troubled Notes, and AL for this post.