STON.fi is an AMM DEX built and developed on the TON ecosystem that operates on the Request for Quote (RFQ) model and employs Hash Time Locked Contracts (HTLC). By removing third-party involvement, the platform enhances reliability and ensures transaction security. This project provides a straightforward, secure, and time-saving solution for exchanging assets across different blockchains.
The protocol of STON.fi doesn’t rely on assumptions. Instead, it carries out sequential and accurate verification steps to tackle challenges related to interoperability, security, risk mitigation, and transaction expenses within the DeFi sector. Moreover, STON.fi integrates various services into Telegram, enabling users to manage and execute asset transactions directly.
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A standard user flow for using STON.fi involves the following steps, similar to those of any DEX:
Users must connect two wallets to STON.fi to authorize transactions and access their token balances, unlike standard DEXs that only require one. They then select their desired trading pair for the exchange, even if the tokens are on different blockchains. After entering the amount of Token A to be swapped for Token B, the protocol calculates the exchange rate and displays the estimated received amount of Token B.
Users review the transaction details, including the exchange rate, fees, and estimated received amount. If all is satisfactory, they confirm the transaction through their wallet. Notably, STON.fi offers gasless transactions by deducting fees from the Token A amount, a feature that needs supportive infrastructure like wallets. STON.fi’s routing mechanism then processes the transaction. Upon completion, users receive confirmation and can view updated balances in their connected wallets.
When conducting a swap on STON.fi, users will be required to pay a 0.3% fee, with the breakdown as follows:
The distribution of the STON token is as follows:
STON is set to be released according to the following schedule:
STON holders can:
You can directly purchase STON at ston.fi
Currently, no information about the project team has been disclosed.
Currently, there is no specific information available about investors
Notable partners of the project include 1inch, Tonkeeper, and Tonstater.
Phase I:
Phase II:
Phase III:
Phase IV:
Phase V:
After reading this article, I trust you now have a good understanding of the STON.fi project. It is ranked as the number one DEX project on the TON ecosystem, offering users the flexibility to conduct cross-chain transactions swiftly and securely.
CoinCu rates this project as promising for long-term investment, particularly in attracting external funds to the TON ecosystem.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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