What Technology is Stonk Coin (How is STRK Coin)?
What technology does Stonk Coin have? According to Coindesk, Stonk Coin is a typ
What technology does Stonk Coin have? According to Coindesk, Stonk Coin is a type of cryptocurrency based on blockchain technology, with two main features. One is a fully decentralized, permissionless technology similar to other cryptocurrencies. The other is an upgrade through the introduction of a new mechanism and a new protocol called “STONK” (supported by a native smart contract). These two new features correspond to an automated market maker model and a halving of transaction fees. Additionally, this system has some unique aspects: “Stoke,” which removes all transaction fees from block producers, and allocates transaction income to participating node operators (such as network service companies) to cover costs.
Therefore, in this case, it is necessary to initially hard code Stonk Coin similar to Bitcoin, then bundle it into the entire chain and issue it in a certain quantity as a liquidity supply pool. To ensure the smooth execution of this process and obtain sufficient collateral, the code requires users to hold a large amount of STX to maintain network security. If nobody uses any collateral, they won’t be able to mint more STT or sell these collateral assets.
How is STRK Coin?
According to official sources, how is STRK coin? What is the price? STRKT is an ERC20 token based on the Ethereum blockchain. By combining this protocol with the ERC721 standard, an unpermissioned network application and decentralized social media platform can be created. Users can utilize it to create content, services, or economic incentives. With its tools, you can publish updates and related information about this project on various websites.
Recently, it has been reported that the U.S. regulatory agency, the Financial Crimes Enforcement Network (FinCEN), has started investigating whether STKS tokens are being used for money laundering activities. Currently, over 600,000 investors have registered with the company.
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