THESTANDARD
Standard Token
Standard Token
THESTANDARD
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Standard Token Informasi
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Tentang Standard Token
The Standard Token (TST) is integral to The Standard Protocol, facilitating governance, staking rewards, and various platform utilities within the DeFi ecosystem.
TST serves as the governance token within The Standard Protocol ecosystem, allowing holders to participate in decision-making processes that shape the platform's future. The total supply of TST is fixed at 1 billion tokens.
TST has several key functions within The Standard Protocol:
Governance Participation: Holders can propose upgrades, vote on protocol parameters, and influence the evolution of the platform.
Staking Rewards: By staking TST, users can earn a share of fees generated from borrowing activities, collateral used in yield pools, and other protocol revenues.
Protocol Utility: TST is utilised in various platform functionalities, including collateral alarms, trading locked collateral, and enabling the sale of smart vaults as NFTs. These utility-driven features contribute to the burning of TST, enhancing its scarcity and long-term value.
The Standard Protocol was developed by The Standard DAO, a decentralised autonomous organisation focused on creating a stablecoin protocol that allows users to lock up assets and mint stablecoins at 0% interest.
Although 'TST' was the ticker assigned at the deployment of the Kitty Inu Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'THESTANDARD' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.
