Why STATS Token Is Essential To The ChainStats Ecosystem

The STATS token is the foundation of what allows us to “Unleash The Data” at scale & allow users, businesses & institutions to begin leveraging on-chain data to its fullest potential!

Introduction

The STATS token serves as the native token within the ChainStats ecosystem, providing access to on-chain data for participants regardless of their size or level of engagement. As a utility token, STATS plays a crucial role in the ChainStats ecosystem, catering to developers, entrepreneurs, enterprises, and market participants.

It is important to note that STATS should not be viewed as an investment or equity in ChainStats, Inc., but solely as a means of executing operations and facilitating payment for products and services within the ecosystem.

Token Purpose

From user subscriptions, access to data from the Node Portal, validator compensation, to even voting for what you want to see added into our ecosystem. Utilizing STATS, allows users to fully leverage every part of our ecosystem. Whether you’re looking to use the premium features of our application, validate multi-chain data, purchase multi-chain data, or simply request certain networks and functions be integrated. The STATS token will provide the utility you need.

Additionally, users can eventually obtain discounts on clothing and accessories in the ChainStats Swag Portal, purchase services like data extraction and integration from our Node Portal, and acquire virtual assets in the ChainStats Digital Marketplace.

The STATS token serves as the driving force behind all operations in the ChainStats ecosystem, including subscriptions, services, fees, application utilities, and the implementation of a decentralized voting system that fosters the ongoing progress of ChainStats.

STATS plays a fundamental role in facilitating operations and enabling payment for products and services within the ecosystem to allow all operations to run seamlessly.

Token Distribution

The total supply of STATS tokens is set at 100,000,000, and these tokens are allocated across various categories.

This includes reserves for ChainGuardian & MasterGuardian validators, tokens for the core team and advisors, a treasury for funding business expansions, tokens for exchange listings and liquidity, and tokens for distribution to the public.

Allocations

Ecosystem Token Allocation:

• Chain Guardians: 15,000,000 STATS (15%)
  These tokens are reserved for users who hold a Chain Guardian NFT and are required to validate data within the ChainStats ecosystem.
• Validator Rewards: 10,000,000 STATS (10%)
  These tokens serve as rewards for users who contribute to the validation of data on the platform.
• Platform: 10,000,000 STATS (10%)
  These tokens are used as a means of payment for various services provided within the ChainStats platform.

Business Token Allocation:

• Team: 10,000,000 STATS (10%)
  These tokens are reserved for the core team of ChainStats.
• Advisors: 3,000,000 STATS (3%)
  These tokens are reserved for advisors of ChainStats.
• Treasury: 12,000,000 STATS (12%)
  These tokens are reserved for funding specific business expansions, such as network integrations and feature expansions.
• Master Guardians: 5,000,000 STATS (5%)
  These tokens are reserved for the ChainStats Foundation to run MasterGuardian validators for throughput

Community Token Allocation:

• Exchange: 12,500,000 STATS (15%)
  These tokens are reserved for exchange listings and liquidity.
• Public: 22,500,000 STATS (22.5%)
  These tokens are intended for distribution to the public, including potential contest prizes, bounties, sales and other community programs.

Token Distribution: The public will receive 22.5% (22,500,000 STATS) of the total supply, distributed in a fair and transparent manner. The team and advisor tokens will have a 3-month vesting schedule, and the Chain Guardians will have a 1-year vesting schedule, although the rewards are immediately usable. Validator rewards will be distributed over a 10-year period, with 1,000,000 STATS distributed annually. The team tokens will be unvested after 3 months from the Token Generation Event (TGE).

Initial subscriptions, products, and services will be conducted in STATS using Platform Tokens. As the ecosystem progresses, appropriate measures will be taken to replenish validator and platform operation pools in the most suitable situations.

Evolution

It’s important to keep in mind that as the ChainStats ecosystem continues to evolve, the STATS token will be no different.

As the community votes on the forward progression of our ecosystem, the STATS token will eventually be bound to change and adapt to best fit the utilities and needs of how STATS can be best positioned for users to continue fully leveraging the capabilities of our platform.

Coming Up

As ChainGuardians & MasterGuardians play an essential role within the ChainStats ecosystem and tie in directly with the utilities of STATS token. Our next coverage will be a thorough, detailed explanation of how exactly ChainGuardians & MasterGuardians are fulfilling this massive role of validating multi-chain data in our ecosystem.

ChainGuardians and MasterGuardians are the foundation of what allows the data validation in ChainStats to be properly secured & decentralized for trustless utilization of multi-chain consensus. To learn more or register for ChainGuardians, visit this link.

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About ChainStats

ChainStats is an on-chain data ecosystem built for analytics, data aggregation and multi-chain consensus in blockchain data to enable utilization of on-chain data for industry purposes, ranging from analysis to leveraging the validated data through third party applications. Founded in 2022 by Brian Jun and Joshua Milbers in Delaware, US.

They are one of the early pioneers in building a platform to allow enterprise purposed on-chain data to enhance and build new business workflows through decentralized multi-DLT validation. For more information, visit the company website.