Stargaze is a cryptocurrency network that focuses on non-fungible tokens (NFTs) and operates in a decentralized manner, owned by the community. It is created on the Cosmos Proof-of-Stake chain, utilizing the Tendermint consensus engine. Its main objective is to become similar to OpenSea, but with governance by the community through a curation DAO and a protocol DAO.
Stargaze allows users to engage in buying, selling, and trading NFTs. Additionally, it enables the trading of NFTs across other IBC-enabled chains and interoperates with Ethereum via the Gravity Bridge.
The native staking token of Stargaze is called STARS, which serves various purposes such as paying for transaction processing fees and data storage. It is also used for staking by nodes that validate transactions on the network. STARS tokens are utilized for participating in governance activities such as voting for protocol upgrades and parameter changes. Furthermore, STARS can be used to vote in the DAO to curate NFTs and support creators. Additionally, STARS tokens can be used for minting and bidding on NFTs.
Stargaze offers a range of tools including Stargaze node software, which allows users to run validators, maintain full nodes, and perform command-line operations.
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