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What is Starfish Finance (SEAN)?
Starfish Finance is a multi-chain DeFi x NFT-Fi hub incubated by the Astar Builders program. It is based on Balancer V2 and allows users to create liquidity pools with up to eight assets, yield farm, and swap stablecoins & tokens on the Starfish decentralized exchange (DEX). In addition to its DeFi suite, Starfish also enables $DOT liquid staking, allowing users to unlock liquidity potentials while earning $DOT staking rewards.
Starfish also offers peer-to-pool NFT financing with cross-chain collateralization support. Through integration with Celer Networks IM Framework, users can stake NFTs on the native chain as collateral to borrow assets from the Starfish Reserve Vault. Lenders can provide liquidity in the form of stablecoins and other assets to the Reserve Vault and earn interest.
SEAN is the native utility token used for:
- Sharing platform fees in stablecoin
- Gaining access to liquidated NFT auctions for discounted purchases
- Participating in governance votes for key protocol decision-making
Who Are the Founders of SEAN?
Starfish Finance was founded by Moon Pilot, a pseudonymous developer with experience in leading and co-founding successful DeFi protocols and NFT projects. Moon Pilot previously worked as a product lead at a blockchain unicorn and holds a degree in Computer Science from a top North American university.
Other core members of the Starfish Finance team include Earth Lieutenant, Mars Captain, Jupiter Colonel, Mercury Major, Pluto Admiral, Neptune Marshal, and Uranus Commander. The team brings together expertise in business, product, partnership, and technical development in various Web3 and NFT domains.
How Many SEAN Tokens Are There in Circulation?
The native token of Starfish Finance, SEAN, was issued through a token sale on Tokensoft. The maximum supply of SEAN tokens is capped at 1,000,000,000. Upon listing, 37,300,000 SEAN tokens (3.73% of the max supply) were initially issued.
The distribution of SEAN tokens is as follows:
- Seed sale: 4%
- Private sale: 2.4%
- Public sale: 4.6%
- Liquidity: 10%
- Reserve: 10%
- Community Growth: 15%
- Ecosystem: 40%
- Team: 10%
- Advisor: 4%
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