What is Stride?
Stride is a cryptocurrency platform that enables users to earn rewards for staking their cryptocurrency assets. Staking involves holding a certain amount of a particular cryptocurrency in a wallet for a specified period of time to support the security and operation of the network. In exchange for staking, users can earn rewards through additional cryptocurrency tokens. On the Stride platform, users can stake their cryptocurrency assets and earn rewards based on the amount and duration of their staking. The platform also allows users to participate in the governance of the ecosystem by voting on proposals and decisions that affect the platform. In addition, stride aims to provide decentralized finance (DeFi) features, such as lending and borrowing, to its users in the future. It also offers referral bonuses to users who refer others to join the platform.
What are the core features of Stride?
- Staking: Stride lets users stake their cryptocurrency assets to earn rewards. Users can stake various cryptocurrencies on the platform, and the rewards are paid out in the form of additional cryptocurrency tokens.
- Governance: Stride allows users to participate in the governance of the platform by voting on proposals and decisions that affect the ecosystem. This gives users a say in the future development and direction of the platform.
- Referral program: Stride offers a referral program that rewards users for referring others to join the platform. Users can earn bonuses based on the amount staked by their referrals.
- DeFi integration: Stride aims to provide decentralized finance (DeFi) features, such as lending and borrowing, to its users in the future. This would enable users to earn additional rewards by participating in DeFi activities on the platform.
What is the native token of Stride?
STRIDE is a cryptocurrency that runs on its own blockchain, called the Stride Chain. The project aims to provide a platform for decentralized applications (DApps) that individuals and businesses can use. As for the STRIDE token itself, it serves as the native cryptocurrency of the Stride platform. It can be used to pay transaction fees, access certain features of the platform, and as a store of value. According to the information available on the CoinMarketCap page, the total supply of STRIDE tokens is 100 million, with a circulating supply of approximately 3.3 million tokens. The project also has a proof-of-stake (PoS) consensus mechanism, which allows users to stake their tokens to help secure the network and earn rewards.