“Stone Temple Binance is a DeFi platform that takes user benefits to the next level. Stone Temple Binance has two proprietary tokens: STB and PLUSH!”
Andrew (BSC.News)
Hello everyone and welcome to the AMA with Stone Temple!
Kurt Cobain (Darkside.finance)
Andrew (BSC.News)
Today we have the legendary Kurt Cobain and Wojack Horseman joining us today to talk about their amazing new project!
Kurt Cobain (Darkside.finance),
Before we get started, for those of you who don’t like to read, and i know thats most of you lol, check that video above 🙂
Yes and let me watch that briefly as well
And our full link dump is:
🌐 Website
💬 Telegram
📚 Medium
📽 YouTube
STONE TEMPLE BINANCE
STB is The DeFi platform that you can own!
🎸 Stone Temple Binance will be the only user-owned DeFi platform and yield farm on the Binance Smart Chain! All farms and pools emit two tokens!
💵Ownership token (STB) stakers receive BUSD dividends:
-75% of deposit fees
-50% of other platform revenue
💵Yield token (PLUSH) price support receives:
-25% of deposit fees
-50% of other platform revenue!
📈 Stone Temple Binance will be BSC release of Sugandese Tokens’ highly successful system on Polygon Network. We had two previous cash presales totaling $900,000, which both sold out within 2 minutes. After that, we distributed over $900,000 in USDC dividends within a few weeks! Our NFT Sales, Lootbox, and OTC contracts have generated over $70,000 profit within a couple of weeks after release. At its peak, our Polygon system reached $33m TVL and $14m native market cap!
🎰Profit-generating Contracts:
-On-chain over-the-counter (OTC) trading engine
-Loot Box contract: Pay for three chances to win coins or rare NFTs!
-NFT sales: Your chance to own a piece of a company that sells NFTs
-NFT staking: Staking pools for NFTs, NFT sales to generate revenue
-Gambling: Slot Machine preliminary audit received
-Poker in early development
🎫 The Stone Temple Binance presale accepts BUSD! Participants in the BUSD presale will also receive 1/3 of the public tokens for our next release on Fantom blockchain! That means you get FOUR tokens for contributing BUSD: ownership and yield tokens on two blockchains!
🎉 To participate in the presale, head to:
📷 Presale pitch deck:
⏰ The presale swap period ends October 7 at 2030 GMT! ()
and this right here is key guys
dont forget to read this last thing
even if you just TLDR’ed the rest
start reading right here
💵All presale participants receive:
-A fixed ratio of STB (ownership token) and PLUSH (yield token)
-A fixed ratio of ownership token and yield token on SoundGraveyard, our debut on the Fantom blockchain, to be released soon
-Yes, that’s right, you get FOUR tokens for contributing BUSD in the presale
thats right guys
this is the first cash presale ever to yield FOUR tokens
when you participate in our presale, you get ownership and farming tokens on two blockchains: BSC and Fantom
the Fantom release will be soon (TM)
anyway i believe we have some prepared questions too!
Andrew, take it away
Andrew (BSC.News)
Awesome thank you! Loving that energy
Kurt Cobain (Darkside.finance)
We are high on life. And hash oil
Aren’t we Wojak?
Andrew (BSC.News)
So how this will work is, the AMA will consist of two rounds. The first round will be us going through the questions that I had prepared for you before hand. And then the second round will be a community round where I will open up the room to allow questions to come in. The second round is also where we will select the two winners of our giveaway
WojakHorseman
YES WE ARE
Well just water for me
Kurt Cobain (Darkside.finance)
Great!
Andrew (BSC.News)
Well glad that you guys are here for this AMA! I can promise you our community has the same energy as well that you will see during the community round
So first off
1. Please introduce yourself and the team behind Stone Temple.
Kurt Cobain (Darkside.finance)
Well I’m Kurt Cobain of PolyWantsACracker, Stadium Arcadium, Darkside Finance, and now Stone Temple Binance, and this is Wojak, our lead engineer
WojakHorseman
Hi there, I’m the lead dev here at Stone Temple Binance.
I love everything blockchain and have over 11 years in commercial software development and graduated 🎓 from a top Russel Group university over here in the UK.
Together with Kurt, this will be our 4th farm launch now and we are eager to bring our great dapps to you guys over on BSC! We like to think we do things a bit different to other farms, with fair tokenomics and multiple revenue streams to reward our holders!
I love this space and enjoy getting up every day to serve our community 🙂
would you like to say more about yourself and the team Wojak?
Any other words about other team members?
we do have a team page
we try to be very transparent about who we are, where we came from, and what we do
we have shown everyone lots of what we are developing too!
Also I’ve been KYCed 5 times now
once by RugDoc for each platform release and once by BSC News
We also have some great people around us who help write some of our contracts and do some of our UI and animation and do a fantastic job
id like to congratulate BSC news on being a very thorough organization btw
Kurt Cobain (Darkside.finance)
i was asked to KYC just for this ama which means that the team of bsc news truly cares about its community
and i really like to see that, i was more than happy to do it
so we are very up front about our identities when asked actually
ive also sent off doxx for various things
anyway i think that about wraps up that q
andrew next question?
Andrew (BSC.News)
Yes of course, it is just a procedure that we do to ensure that our community only receives the best projects possible
Kurt Cobain (Darkside.finance)
Andrew (BSC.News)
So the next question is one that I’m sure the community is here for
Kurt Cobain (Darkside.finance)
That is absolutely a good decision because community assurance is always an issue
Andrew (BSC.News)
Which is
2. What is Stone Temple Binance?
Kurt Cobain (Darkside.finance)
Sure! Stone temple binance is our dual token DeFi platform
we are having a presale for it
all pools and farms will emit two tokens
and we will have lots of convenient deposit options including lots of favorite coins that dont have many pools elsewhere
such as ltc, xrp
and we will also have pools for our two native tokens
our single token STB pool will emit 75% of the deposit fees and 50% of all other platform reevenue as BUSD dividends
wait a minute
what the ****?
yes thats right
75% of all deposit fees
and 50% of all other dApp platform revenue
will be distributed to these token stakers
💵Ownership token (STB) stakers receive BUSD dividends:
-75% of deposit fees
-50% of other platform revenue
💵Yield token (PLUSH) price support receives:
-25% of deposit fees
-50% of other platform revenue!
and the rest of all the revenue goes to AMM support of our farming token
which is called PLUSH (haha)
so we dont even have a fee wallet
the creators are working for the same dividends you are
and actually the creators are not the majority holders
if you count the public together, the public will get more than the creators, infrastructure, combined lol
so what we have here is really a true tokenized corporation
pretty much everybody else relies on a fee wallet in some way but we dont
we have completely revampled masterchef in order to accomplish this
but our tokenized dividend system on polygon has distributed over 900k in usdc dividends this way
and we only raised 900k in cash
so we have out-dividended our raise
and i think we did that the fastest out of any company ever. within 3 weeks.
we also have income-producing dapps:
🎰Profit-generating Contracts:
-On-chain over-the-counter (OTC) trading engine
-Loot Box contract: Pay for three chances to win coins or rare NFTs!
-NFT sales: Your chance to own a piece of a company that sells NFTs
-NFT staking: Staking pools for NFTs, NFT sales to generate revenue
-Gambling: Slot Machine preliminary audit received
-Poker in early development
we have sold out 8 decks of our lootbox contract, which is an innovative way of distributing NFTs and rare tokens, and its a form of gambling
so we can use that as a marketing tool to distribute ours and others’ NFTs, which we have done
we also have an OTC engine
which is working and you can see it here:
so what that does is allow you to trade any ERC20 token
even ones with no liquidity
so you can put in an individual order for something like a presale token and sell it for a stablecoin that way
and its peer to peer which means token communities can rally around it to avoid their coins hitting AMMs
this generates a 0.24% volume fee which is auto liquidated and split between busd dividends and plush amm support
some links on that:
our lootcrate:
🌐 Website
💬 Telegram
📚 Medium
📽 YouTube
and our docs have a very thorough description of what else we’re developing
we have a slot machine contract in audit.
we have received preliminary audit, will be done and released soon
the UI is basically done
so it turns out that online poker is super popular
but poker players often lack good outlets
their sites keep getting shut down
and the ones that dont tend to charge very high fees
and if you dont believe me, go here
average is over 4 percent. so we can actually make a lot of money by chargine 3%
and that is surprising!
so we feel that gambling will produce a lot of revenue for divs and support.
Andrew (BSC.News)
Okay wow, thank you for all that information ! I can see how passionate you are about Stone Temple
Kurt Cobain (Darkside.finance)
high on life and hash oil’
Andrew (BSC.News)
But just to unpack, and go more in depth
3. What does it mean when you say that you offer “user-owned yield farms”? How is it different than other yield farms from DApps on BSC?
Kurt Cobain (Darkside.finance)
this is the bottom line:
💵Ownership token (STB) stakers receive BUSD dividends:
-75% of deposit fees
-50% of other platform revenue
💵Yield token (PLUSH) price support receives:
-25% of deposit fees
-50% of other platform revenue!
that accounts for 100%
haha
there is no other money!
we dont have a fee wallet
the creators get paid by the same method users do: by harvesting those sweet BUSD dividends
so the incentives are totally aligned between me, wojak, and the users
wojak even thinks im an ******* but he doesn’t care because incentives!
jk lol
seriously though
WojakHorseman
Hahahahaha
Kurt Cobain (Darkside.finance)
everybody makes money the same way
the users truly do own the farm in that they are hard wired to receive their share of the profits
there are only 100,000 stb that will ever exist and a big chunk of it is up for grabs in our presale
but that is literally the only way to make the farm’s profits, to have those tokens. thats what user owned means
pretty much nobody else can say that because all others have a centralized fee wallet somehow.
🎉 To participate in the presale, head to:
📷 Presale pitch deck:
⏰ The presale swap period ends October 7 at 2030 GMT!
💵All presale participants receive:
-A fixed ratio of STB (ownership token) and PLUSH (yield token)
-A fixed ratio of ownership token and yield token on SoundGraveyard, our debut on the Fantom blockchain, to be released soon
-Yes, that’s right, you get FOUR tokens for contributing BUSD in the presale
Kurt Cobain (Darkside.finance)
Andrew (BSC.News)
Okay great!
So I know you touched upon it earlier
but
4. What is $STB and how is it used on your platform?
Kurt Cobain (Darkside.finance)
Right so stb is the ownership dividend token
it is emitted through pools and farms, but your only chance officially to buy it in bulk is right here, at the presale link above, at the time of the presale
the majority of the STB that will ever be released to the public will go during this presale period! so dont miss it!
stb can be staked in regular LP pools, it can be used as a regular yield farming token actually, we have pools for it if you want to use it that way
but that sink basically takes tokens out of the dividend pool
and only the dividend pool gets the 75% of deposit fees and 50% of other platform income
so when you stake STB, you get an extra large share because others are using it to LP
at any rate, STB is the key to receiving platform dividends
and 22,500 STB (22.5% of the total supply) is for sale in the upcoming BUSD presale
the creators get less than that lol.
so the way we have set this thing up is pretty generous to the presale participants, they have a chance to literally own the farm and also they get 1/3 of the fantom network public tokens as bonus tokens
Kurt Cobain (Darkside.finance)
next question
Andrew (BSC.News)
Okay yeah that’s super cool how owners of your token on BSC can also be exposed to Fantom Network as well
Kurt Cobain (Darkside.finance)
Kind of like being exposed to coronavirus but less likely to end up dead
Andrew (BSC.News)
So this next one is one that we discussed previously but I wanted to make sure that our community heard your answer as well
And yes exactly lol
5. How is it possible to offer such large multipliers in your pool? What are the pros and cons of this?
Kurt Cobain (Darkside.finance)
So multipliers are a way of dividing up the emissions
the overall emission rate is separate from the multiplier
so the multiplier is just what relative share of the overall emissions each pool gets
our STB and PLUSH emissions will be controlled by separate patterns which you can see in their respective sections in our docs:
so the multipliers just determine how each pool splits up the overall emissoin
and i believe our lowest multiplier is currently 3-5x. so we could have divided all by that number and it would not have effected emissions
so why make them large?
because people enjoy getting large multipliers lol
if you were in a pool, would you rather get 1x or 10x? 10x of course, even if you actually receive the same number of coins
anyway, just a fun exercise in consumer psychology
Andrew (BSC.News)
Great, thank you for that answer!
Like I said, we spoke of this yesterday but it was such a great explanation that I wanted you to reiterate for our community here
6. Can you tell us more about your NFT staking feature and how users benefit from this?
Kurt Cobain (Darkside.finance)
Oh yes. We are the only platform that allows true NFT staking
we have a whole extra Chef file called the NFT chef!
and wojak can fill in on extra details if he wants
but more or less, we have replicated all staking functionality for NFTs
and it has proven very popular proportionally for the NFTs for which it;’s been enabled on polygon
basically we even have an emergency withdraw feature
we have a feature that shows which token IDs are staked
Kurt Cobain (Darkside.finance)
you can stake for a flat fee in BNB per set
WojakHorseman
The NFT chef works in a very similar way to MasterChef, but is erc721 enabled. It also has a view function to allow you to display the nfts you have staked at any given time. A feature our users seem to appreciate!
Kurt Cobain (Darkside.finance)
and we have opened pools for 4 popular series to start
Thanks Wojak, and yes, we feel that this serves as a very strong promotional feature especially in conjunction with our NFT sales and lootbox
of course, the NFTs we sell are also stakeable
and of course, the NFT business is the most lucrative segment of crypto right now
because youre planning to consider investing in OWNING the business, i can tell you this
NFT sellers make a lot of money lol!
we have made over 40,000 matic selling them on polygon and polygon is considered a relatively weak market for nfts
so if you are considering investing in a crypto company, you want that company to be selling NFTs
it makes a lot of money thats why everyone is doing it. and this is really your only chance to own a piece of a corporation thats focusing on it.
anyway NFT staking provides our tokens
STB and PLUSH
our token utility is gonna be great by the way
so for NFT staking you get tokens that will reward you with the ability to buy loot packs
you will be able to play a PLUSH slot machine
you will get dividends
there will be a poker table for it
so youll get lots of utility for those tokens, they are not just some garbage like so many others
anyway we also plan to set up promotions with other NFT makers and hopefully get paid to open pools
just like we are planning to white label our OTC and have a major exchange use it (advanced stage of talks), we can set up lootboxes for other people’s NFTs or put them in our own lootboxes
and all those NFTs could be staked, reveaeling the synergy between all these parts
so nft staking is really a key thing that brings together various elements
next question
WojakHorseman
As well as having 3rd party sponsored nfts in some of our loot crates
Andrew (BSC.News)
Okay very nice!
7. What is the PLUSH token and can you explain the “Mirror to the Moon” emission pattern?
Kurt Cobain (Darkside.finance)
Yeah the PLUSH token is the platform’s designated yield token
it has no maxx supply like STB does
the reason we need another token is because only so much STB can ever exist
its not a true dividend token if you keep diluting it
that is what the experiment of Augury Finance proved if you’re familiar with their history
they had dividends, but it was all one token, which was also a yield token. that didnt work so we have two tokens, one that conveys ownership and the other whose emission we fully control
we have auto emission evolution based on gradients we set, and several of those gradients make up the mirror to the moon.
i can explain that more.
The mirror to the moon emission pattern is all documented at:
If you look at the bottom of the page you can see the exact mathematics of how it’s set up
we initially start out with very high emission
and the goal of this is to give non-native depositors a good experience
we want to try to pay non-native deposits back within the first day or so (although we cant guarantee results of course)
so using that pattern shown
we can give people a satisfying emission up front while then tapering it down later
so we believe that it’s tuned for both immediate satisfaction and longevity
we have learned from all of our experiences and we are not emitting PLUSH too slowly
we are averaging emission of 15% of the initial PLUSH supply per day over the first 2 weeks
So high APR seekers will not be disappointed
and of course, the deposits fuel dividends
so we feel that this has the potential to create a positive feedback loop in terms of token value, we hope we can use this to maintain deposits for the whole two weeks
anyway thats the mirror to the moon! initial emission rate 69.420, very scientifically determined
Andrew (BSC.News)
8. Are you audited? What mechanisms are in place to ensure users that their funds are safe?
Kurt Cobain (Darkside.finance)
Yes sir, we have completed our audit with Paladin:
we have actually had our side contracts audited through them too
WojakHorseman
Every farm we have launched has been audited by Paladin. The best in the industry we think.
Kurt Cobain (Darkside.finance)
and paladin is great because they really take user experience into account too
we cant overemphasize enough how good they are
WojakHorseman
Our dividends code has now been triple audited
Kurt Cobain (Darkside.finance)
they have done stuff like extra reviews of our contracts after they were supposed to be completely done with the job
they have continually surprised us with how good an auditor can be
so all of our stuff so far has been audited by them
also
i personally have been KYCed 5 times now
4 times by RugDoc and once by BSC News HAHA
that’s our Low-Risk KYC review on RugDoc
so this is a form of assurance we take so very seriously
guys, we know about the rugs
we hear about them all the time
but we have been here for 3 launches so far and we havent run yet
we have handled 900k in customer funds and distributed more than that in dividends
and we have been extremely generous in terms of things like the percentages we put into public liquidity
and we always lock liquidity, in this case for at least 60 days
WojakHorseman
Also as we have no fee wallet we can’t rug the funds destined for our fellow owners wallets, even if we wanted to.
Kurt Cobain (Darkside.finance)
we have a paladin provided locker contract and so the liquidity is very safu
and yes as wojak is saying, our system’s architecture is hard wired to distribute all profits
we literally have no fee wallet
thats another “wait what the ****” statement
but its true
wojak and i and the infrastructure wallet all get paid the same way users do
by harvesting BUSD dividends based on STB deposits
we just have our share and thats it
the public gets more!
So its really hard to call a system “rugproof”
because who knows what somebody could do, you know? And people have forked our polygon L1 code and done bad things with it so we dont want to make promises on behalf of others.
but we feel that we do more than anybody else out there to hard program in the fact that money goes to the community
Andrew (BSC.News)
Okay great! Thank you for that amazing explanation as always
So last but not least
9. Any exciting news you would like to announce today?
Kurt Cobain (Darkside.finance)
well yes
we actually had a chainlink co-promoted post the other day
in 3 languages
lmao
So a top 15 crypto company is promoting our Lootbox adoption in English, Chinese, and Spanish
we have a Chinese speaking team member who is now setting up a chinese language AMA on their telegram or wechat
we have also had an educational article of ours published on rugdoc and actually id really recommend that everyone read it
also if you check out our youtube
🌐 Website
💬 Telegram
📚 Medium
📽 YouTube
you can check some of our podcasts
on our podcast episode 2 we had the directors of mandala exchange
who expressed interest in licensing our OTC
and mandala
actually has a great publicity deal
they have engaged one of those publicity teams that costs 6 figures and gets them articles in like yahoo finance and cointelegraph
so we have some promotions going that actually are hard to get, took a long time, but are now coming to fruitiion
and that is a lot more than you usually get with like shallow VC stuff
this chainlink thing is a real featured technical collaboration
and thats what you want, not meaningless puff pieces
🎫 The Stone Temple Binance presale accepts BUSD! Participants in the BUSD presale will also receive 1/3 of the public tokens for our next release on Fantom blockchain! That means you get FOUR tokens for contributing BUSD: ownership and yield tokens on two blockchains!
🎉 To participate in the presale, head to: stonetemple.finance/presale/
📷 Presale pitch deck:
⏰ The presale swap period ends October 7 at 2030 GMT!
💵All presale participants receive:
-A fixed ratio of STB (ownership token) and PLUSH (yield token)
-A fixed ratio of ownership token and yield token on SoundGraveyard, our debut on the Fantom blockchain, to be released soon
-Yes, that’s right, you get FOUR tokens for contributing BUSD in the presale
STB is The DeFi platform that you can own!
🎸 Stone Temple Binance will be the only user-owned DeFi platform and yield farm on the Binance Smart Chain! All farms and pools emit two tokens!
💵Ownership token (STB) stakers receive BUSD dividends:
-75% of deposit fees
-50% of other platform revenue
💵Yield token (PLUSH) price support receives:
-25% of deposit fees
-50% of other platform revenue!
and i think that wraps up that! any other words from wojak? otherwise next questions
WojakHorseman
Not particularly except excited to get this show on the road!
Kurt Cobain (Darkside.finance)
Alright! Looks like we’re ready to go next
Andrew (BSC.News)
Okay great! Make sure you all go and check out Stone Temple Binance, super passionate team looking to bring tons of utilities and optimized yield farming to BSC :)This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Source : bsc.news
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