Stargaze: A Decentralized And Incentivized Social Protocol

Stargaze is a network for NFTs that is decentralized and community-owned. It is designed as a Cosmos proof-of-stake chain tailored for applications, running the Tendermint consensus engine. Its objective is to function similarly to OpenSea, but with community governance provided by a curation DAO and a protocol DAO.

Users will be able to trade, purchase, and sell NFTs using Stargaze. Additionally, it will permit NFT trading between chains that support IBC. Additionally, it will communicate with Ethereum via Gravity Bridge.

$STARS
Stargaze’s native staking token and governance token is STARS. STARS has several usage cases, some of which are:

Fees for keeping data and performing transactions
Utilizing staked STARS tokens to operate validator nodes on the network
voting for protocol upgrades and parameter changes in governance
Curating NFTs and funding creators through DAO voting Create and sell NFTs
Stargaze wants to be a completely user-owned and -governed decentralized NFT market. As a result, STARS must be distributed in an equitable, reachable, and extensive manner.

Stargaze has a genesis supply that distributes the bulk of the tokens to community members on day one, when it is decentralized.

The Foundation will keep a strategic reserve of tokens and promote protocol adoption through delegation to validators, creator onboarding, and grant funding for ecosystem growth.

About Stargaze
Stargaze is one of the first NFT markets to launch in the Cosmos ecosystem.

The Stargaze Protocol completely reinvents the social network from a crypto-native standpoint. Ownership of social tokens, their content, and profile avatars are all NFTs in the social network. The ecosystem’s curation and moderation are the responsibility of DAOs.

To learn more about the Stargaze project visit their official website.

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