Thread by @cryptoecons101

Crypto Fundamental Research: Stargaze

A thread on all you need to know about @StargazeZone and the Stars token. ✨🔭#STARS

@StargazeZone 1/ Some of the topics this thread will be covering

- Introduction to Stargaze
- Tokenomics
- Ecosystem
- Competitive Landscape
- Views Going Forward

2/ Introduction to Stargaze

Stargaze is a decentralized and community-driven Layer 1 for NFTs built using the Cosmos SDK.

stargaze.zone

3/ It is the first L1 built specifically for NFTs. Stargaze features a zero gas fee NFT Launchpad, where creators can sell their collections to the community, and an NFT Marketplace where users will be able to trade and stake their NFTs.

4/ Stargaze's native token is Stars which can be used for network fees, minting NFTs, voting on governance proposals and the securing of the network through staking.

5/ Stargaze, thanks to the interoperability provided by Cosmos IBC can interoperate with every Cosmos ecosystem blockchain. It also features compatibility with Ethereum via the Gravity Bridge.

6/ Stargaze was founded by the team at @publicawesome_ , which includes @JakeHartnell @shan3v @jhernandezb_ , the three Star Developers ✨

7/ Tokenomics

When Stargaze launched in October 2021, the genesis supply of 1 billion tokens were distributed accordingly:

- 25%, 250 million Stars: Airdrop to Atom and Osmo stakers as well as liquidity providers on Osmosis. Unclaimed airdrops go to the community pool.

8/ The rest of the distribution:

- 21.5%, 215 million Stars: Foundation
- 20%, 200 million Stars: Community Pool
- 16%, 160 million Stars: Seed Investors
- 10%, 100 million Stars: Founders
- 5%, 5 million Stars: Validators
- 2.5%, 25 million Stars: Advisors

9/ Emission Schedule

Stargaze has a thirding token release schedule, in which the issuance is reduced by one-third every year, starting from the second year. This is similar to the Osmosis schedule.

10/ The Stars distribution started with an initial supply of 1 billion Stars, that will be followed by an additional 1 billion Stars issued in the first year. After that, the issuance for the following year will be 667 million Stars, and so on.

11/ This geometric sequence will lead to a fixed asymptotic max supply of 4 billion Stars. The issuance per year formula is: y= initial supply x (2/3) ^t, with t =0 indicating the starting year of the project.

12/ The initial rewards breakdown per block has the following distribution:

- 45% NFT incentives (bidding and staking)
- 35% Stakers
- 15% Developers funds
- 5% Community Pool (Stargaze DAO) All chain parameters can be changed via governance vote.

13/ NFT Ecosystem

Stargaze has a vibrant NFT ecosystem, with many new projects launching on the platform.

Some notable projects include @AndromaverseLab which has spawned big NFT projects, namely @stargazepunks, @Andromapunks and @forgottenpunks for the @Andromaverse world 🚀

14/ Other popular projects include @badkidsart and @Hero_NFT_ which also have collections on the Terra and Solana ecosystems.

There are many more interesting projects that have/will launch on Stargaze so keep your eyes out on this space!

15/ Competitive Landscape

There are several issues that exist in NFT marketplaces today such as centralized curation, poor security and scams, limited flexibility, high transaction and gas fees, and lack of transparency in marketplace contracts.

16/ Stargaze provides unique solutions to the above issues.

Security – Stargaze is its own sovereign chain with 100 validators securing it. These validators verify transactions on Stargaze and can react quickly to upgrading the network to enhance the security of it.

17/ Flexibility – The Stargaze marketplace has built-in features that give NFT projects the flexibility to choose what type of launch they would like to have (e.g. first-come-first-served mint, auction over time periods, price, and etc.)

18/ Low transaction fees – Fees on Stargaze are negligible compared to what can be seen on Ethereum and even Solana, so the network is accessible to all types of users.

19/ Views Going Forward

Stargaze is the World’s first L1 for NFT that provides strong security, decentralization, transparency and flexibility. This differentiates it from all existing competition from centralized NFT marketplaces (e.g. Open Sea and Magic Eden).

20/ The potential of Stargaze could be enormous. When the NFT craze kick-starts again in the bull market, Stargaze’s value proposition to users could rise significantly.

21/ Armed with IBC and Ethereum compatibility, Stargaze is well positioned to attract new projects and users in a safe and flexible manner.

Stargaze will be the NFT Hub for the Cosmos ✨🔭⚛️