Star
STAR

0.9976
$
0.24 %
Change 24h
Market Cap
$ 3,001,732
Volume 24h
$ 5264.2
Circulating Supply
3,009,062
Total Supply
599,407
STAR
$
# Exchange Pair Price Volume 24h

Description

STAR is the stable coin used within Preon, and is an integral component of the Sphere Ecosystem. STAR is designed to be an over collateralized stable coin backed by its crypto collateral and incorporates a stability pool as a front-line defense of liquidations. STAR loans are secured by always having more value locked than the amount of debt given out. STAR, in conjunction with Preon, will also allow for 0% lending opportunities. Loans are created by submitting collateral in the form of crypto assets, and receive STAR, ensuring stability and flexibility in your borrowing. STAR can be used in many different ways including deposited into the stability pool. Once the user has made a full repayment of their STAR loan, they can retrieve 100% of their collateralized assets without incurring any interest charges, closing fees, or hidden penalties.
We Use Cookies
By continuing to use our site, you accept our use of cookies