What is the token of Steemit (STAFI token)?

What is the token of Steemit? Editor’s note: This article comes from BlockBeats (ID: blockbeats) and is authorized to be reproduced by Odaily Star Daily.

In the bull market of 2017, the emergence of a large number of bitcoins caused a 1000-fold increase in price. As the price of bitcoin continues to rise, many retail investors have started to sell bitcoin. However, this situation has not changed. To some extent, this kind of market can be anticipated, because the rise of bitcoin has also led to many hedge funds and investment institutions buying and hoarding bitcoin. But this does not mean that no one will speculate on it in the market. On the contrary, they are just selling their bitcoins to the market to buy other currencies in order to hold them for a long time and make a profit. Therefore, some believe that this is possible, but in fact, it is not the case, and this view is problematic. If Bitcoin is really accepted by mainstream society as we say, its value will definitely be recognized and followed by more and more people. The same goes for those who do not understand Bitcoin. The issuance of Bitcoin is actually a good method. It can be a currency, a commodity, or a security asset. However, Bitcoin is not real digital gold. It guarantees its security and the tamper-proof transaction characteristics through blockchain technology, and also uses smart contracts to record the activity data of each participant in the entire network, including account balances, transfer times, and other information. Currently, the most popular token of Bitcoin Cash is Dash. According to the DSh research report, the average daily amount of bitcoins sold by Dash is about $100 million. On June 19, 2018, a researcher from the US crypto community posted a question about whether Bitcoin Cash should be used as a means of payment instead of a medium of exchange. At that time, some people said that Bitcoin Cash could not be used for daily expenses or commercial purposes, so Bitcoin Cash would not be a payment option for anything and was unlikely to replace fiat currency. However, there were rumors that Bitcoin Cash would replace stablecoins such as the US dollar, because Bitcoin has high volatility and speculation, so people generally regard it as a hedging tool. Although the value of Bitcoin has always been low, it also has certain potential. The price of Bitcoin often exceeds $100,000 or even more, and some altcoins also emerge above this level, just like Litecoin. When Bitcoin drops to a few cents, people will feel that their coins are not good enough and cannot be exchanged for fiat currency. This is a dangerous signal, indicating that many people do not know if Bitcoin really exists. However, Bitcoin is still the only truly decentralized virtual economy in the world-the first place with unlimited Internet connection in the world, which is the world computer, and of course, there are many factors that make Bitcoin very important. “Do you think your phone can allow people from all over the world to enter this field? I know you can do it well.” But the question is why Bitcoin needs to develop its own “super node”?

STAFI token

According to official sources, STAFI token holders can receive STAFI rewards and governance tokens. The voting rights can be generated by staking stkAMM in the protocol contract for proposal voting with returns; governance tokens will be locked in the staking pool in the protocol for voting, staking, and other purposes (such as liquidity mining).

According to previous reports, StaFi has completed a round of financing led by Polychain Capital, with investors including Distributed Capital, Dragonfly Capital, and other institutional investors. Participants also include Coinbase Ventures founding partner Paul Veradittakit, Distributed Global CEO Brian Brooks, FTX founder SBF, and a16z general partner Chris Blec.