One of the longest thread on #ct here 😇if you are one of the #LUNAtics and want to know how #STTsquadron will work, follow it and do RT $STT $LUNA #ToTheMoon 1/n 👇🌖👇
The purpose of creating #STTsquadrons is to allow holders of fewer STE (StarTerra Energy, where: 1STE - 1 $STT) points to participate in #IDO
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A #STTsquadron is represented by a #smartcontract. In the first iteration, the @StarTerra_io team will create squadron contracts assigned to each faction. For each subsequent #IDO, #StarTerra will initiate new squadron contracts
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The number of members comprising a #STTsquadron is limited and determined for each squadron #smartcontract during initialization #staking $STT
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A minimum - 250 $STT/STE and maximum - 2750 $STT/STE threshold for joining a #STTsquadron for a single user. These thresholds will be expressed in number of $STT/STE tokens
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The ability to join a #STTsquadron will be made available during the #IDO process within a closed timeframe
so be prepared and #stake your $STT
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Joining a #STTsquadron will be done by sending $STT tokens to the contract address of the squadron, these tokens will be automatically sent to the #staking contract address of the faction the squadron was assigned to during initialization by @StarTerra_io
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Within a #STTsquadron, points are calculated for each portfolio that is a member of the #squadron, which will determine the size of the share of the allocation received by the #squadron
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Within the defined time frame to join the #STTsquadron, a given address can add and withdraw tokens sent to $STT. It will only be possible to withdraw the entirety of the $STT tokens submitted which will reset the accumulated points within the squadron to zero
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Points will be calculated in proportion to the number of $STT tokens delivered to the #STTsquadron contract and the time during which $STT tokens are on the squadron contract
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Each member of the #STTsquadron will have a visible current number of points accumulated within the squadron $STT
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Once a squadron's allocation size has been allocated, its members will be able to send a certain number of $UST to the #STTsquadron#smartcontract
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The number of $UST required to be sent to the #squadron#smartcontract will be different for each user belonging to the squadron and will depend on the allocated allocation within the #STTsquadron dependent on points
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The #STTsquadron#smartcontract will have a provision within which the @StarTerra_io team will be able to make up the missing number of $UST within the allotted allocation if all required $UST are not collected
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The #STTsquadron#smartcontract will have a collateral to prevent large portfolios from deploying into smaller portfolios and joining the #STTsquadron. A fee will be added to the required $UST deposit
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The added fee will be a safety buffer in case not all #STTsquadron members send the number of $UST specified for them
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In case all #STTsquadron members send the number of $UST assigned to them and there is a surplus from the $UST, it will be used to buy $STT tokens from the market and #burn them
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Joining the #STTsquadron will oblige you to go through the #KYC procedure, #STTsquadron will exist only for the purpose of #IDO 18/n questions and thoughts 💡?
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❗️1. Pay attention to the mint() function, its implementation may allow to print tokens at any time.
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❗️2️. Liquidity Locked does not always guarantee security and safty, not all tokens that create liquidity can be locked, pay attention to using #UniCrypt. $UNC $UNCX
❗️3️. Lack of a temporary blockade for private sales, pre sales usually results in quick sales of tokens as soon as they appear on the exchange, read and ask if there is such a blockade.