What is Stargate Finance (STG)

1. Project Introduction
Stargate Finance is a cross-chain bridge protocol built on LayerZero, launched in March 2022 by LayerZero Labs. It simplifies the process of transferring assets between blockchains, eliminating the complexities of locking, minting, burning, and redeeming. Stargate aims to enable seamless asset transfers with a single transaction.
1. Team & Investment Info
Stargate Finance is the official cross-chain bridge launched by LayerZero Labs.
Bryan Pellegrino: Co-founder & CEO of LayerZero Labs. Previously co-founder of OpenToken, CEO of BuzzDraft, and co-founder/COO of Coder Den.
Ryan Zarick: Co-founder & CTO of LayerZero Labs. Graduated from the University of New Hampshire (UNH) with a Bachelor’s (2009) and Master’s (2011) in Computer Science. At UNH, Zarick co-founded software consultancy Coder Den with Pellegrino and Banister. Later, he served as CTO of BuzzDraft, co-founded 80Trill (a smart contract development and auditing company), and collaborated with Pellegrino on Minimal AI before co-founding LayerZero Labs in February 2021.
Caleb Banister: Co-founder of LayerZero Labs. Previously co-founder of Minimal AI, 80Trill, and Coder Den. He also worked as a software developer at UNH InterOperability Lab.
Funding: In March 2022, Stargate Finance successfully completed a public fundraising round, though the total amount raised was not disclosed.
3. Social Media URLs
X: https://x.com/StargateFinance
Telegram: https://t.me/joinchat/LEM0ELklmO1kODdh
Discord: https://discord.com/invite/EVZsHFS
Medium: https://medium.com/stargate-official
4. Token Info
Token Symbol: STG
Total Supply: 1,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: https://etherscan.io/token/0xaf5191b0de278c7286d6c7cc6ab6bb8a73ba2cd6
Token Distribution:
Core Contributors: 17.5% (1-year lock-up, 2-year linear release).
Investors: 17.5% (1-year lock-up, 2-year linear release).
Stargate Protocol Launch: 15%.
Bonding Curve: 15.95%.
Initial Emission Plan: 2.11%.
DEX Liquidity Supply: 1.55%.
Community: 30.39%.
5. Related Links
Official Website: https://stargate.finance/
White Paper:
https://stargateprotocol.gitbook.io/stargate/v/v2-developer-docs
Other Info:
https://www.rootdata.com/Projects/detail/Stargate%20Finance?k=MTA2NA%3D%3D