Academy > Supported Blockchains & Applications

XDEFI Wallet supports Stargaze (STARS)

What is Stargaze?

Stargaze is a decentralized and community-driven proof-of-stake Layer 1 for NFTs built on Cosmos. The protocol features a zero gas fee NFT Launchpad, where creators can sell their collections to the community, and an NFT Marketplace, set to launch on June 6, 2022, where users will be able to trade and stake their NFTs. STARS, Stargaze native token, can be used for network fees, minting NFTs, voting on governance proposals and helping secure the network through staking. Stargaze, thanks to the interoperability provided by Cosmos IBC and Gravity Bridge, can interoperate with every Cosmos ecosystem blockchain and with Ethereum and its Layer2s.

What are the core features of Stargaze?

  • Decentralization: Stargaze is a decentralized platform that allows users to create, buy, and sell NFTs without the need for intermediaries or centralized authorities.
  • Sustainable: Stargaze aims to reduce the carbon footprint associated with NFTs by using a Proof-of-Stake (PoS) consensus mechanism, which is more energy-efficient than traditional Proof-of-Work (PoW) mechanisms.
  • Low fees: Stargaze aims to provide low transaction fees for users, making it an attractive option for creators and collectors of NFTs.
  • Community-driven: Stargaze is designed to be a community-driven platform, where users can participate in governance and decision-making through a system of decentralized voting.
  • Interoperability: Stargaze is built on the Binance Smart Chain, which allows for interoperability with other blockchain networks and ecosystems.
  • Creative tools: Stargaze provides a range of creative tools for artists and creators to design and mint their own NFTs, including customizable templates and design tools.
  • Security: Stargaze uses advanced security measures, such as multi-signature wallets, to protect user funds and prevent unauthorized access to the platform.

What is the native token of Stargaze?

The STARS token is the Stargaze Protocol native token. Since Stagraze is a Cosmos-based blockchain, STARS will be cross-chain compatible via IBC.

The STARS token is used for:

  • Social interactions on the platform
  • Delegating and Staking
  • Voting on governance proposals
  • Minting and storing NFTs
  • Voting for membership in StargazeDAO

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