What Is AlgoStake (STKE)? Complete Guide & Review About AlgoStake

Lixu Web 3 years Ago

Last Updated: 23/06/2022

What Is AlgoStake (STKE)?

AlgoStake ASA(Algorand Standard Asset) #511484048 is a token built on the Algorand blockchain. The owns an application which allows the owners of any Algorand ASA’s to setup staking at a particular APY for their coin/token holders. The mission is to provide an easy self set up system for Algorand ASA owners. Every ASA owner should be able to offer this feature not just a select few. This feature will help people hodl their coin for future growth.

Along with the automated application for paying an holders of your coin they also plan to offer automated rewards for liquidity pool providers. Both of these features are an automated service which is greatly needed in the Algorand ASA ecosystem. They will be used as the payment for these two services. To set up staking for your coin you will supply both your token and They to escrow wallet through interface. They truly hope this gives the small coin owner help in expanding their ASAs. In addition AlgoStake will use it’s own platform to offer an APY to is holders.

Coin Basic	Information
Coin Name	AlgoStake
Short Name	STKE
Circulating Supply	145,360,063.36 STKE
Max Supply	1,000,000,000
Source Code	Click Here To View Source Code
Explorers	Click Here To View Explorers
Twitter Page	Click Here To Visit Twitter Group
Whitepaper	Click Here To View
Support	24/7
Official Project Website	Click Here To Visit Project Website

STKE Price Live Data

The live AlgoStake price today is $0.003494 USD with a 24-hour trading volume of $6,673.43 USD. They update STKE to USD price in real-time. This is up 1.26% in the last 24 hours. The current CoinMarketCap ranking is #5178, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000,000 STKE coins.

If you would like to know where to buy AlgoStake at the current rate, the top cryptocurrency exchange for trading in stock is currently Tinyman. You can find others listed on our crypto exchanges page.

Why AlgoStake?

Currently, the only way to provide staking to your Algorand ASA holders is through Yieldly. We are the new alternative. Using AlgoStake ($STKE) app, you can create a staking plan for your coin and be up and running within a few minutes.

Mission

To enable other ASA coin owners on Algorand the ability to provide staking and liquidity ownership rewards to grow their communities.

Token distribution

250 million coins reserved for liquidity pools, starting with 75 million in Tinyman
250 million for the team(over min of 5 year period)
200 million coins reserved for staking rewards for our coin holders who stake
100 million for expenses – transaction fees, website …
50 million coins reserved for liquidity pool provider rewards
50 million coins for marketing
50 million coins for promotions and give aways
50 million coins reserved for supporters

How Does AlgoStake Work?

With the AlgoStake Coin app, anyone can set up a staking percentage to be awarded to the holders of any ASA coin. Connect your wallet, set up your stake amount, and fund the stake with whatever coin you are awarding through. To take part in staking, your coin holders must visit our application, connect their wallet, and opt-in to the stake, though the coins will remain in their wallet. We take random snapshots nightly of the asset holders (at different times), and will credit users who have opted into the stake. Holders who do not opt-in won’t get allocated staking rewards. Users who have opted in can return to site to claim their rewards without ever giving us control of their holdings.

Uses

AlgoStake main use as a token will be as gas for AlgoStake’s services. The application’s uses are to allow Algorand ASA owners to provide their customers a benefit to holding their token and providing liquidity through automated rewards system(staking). The application gives the owner complete control of APY, min token hold, and length of time.

How to get AlgoStake

AlgoStake can be purchased from Tinyman as they are providing tokens in the Algo/AlgoStake liquidity pool. Other liquidity pools will be created in Tinyman and other exchanges as they become available. once you own tokens they are using our own service to offer a high yield APY of xx% that you can claim at app.algostake.org .