Stargaze (STARS)

Network and Transactions

Stargaze is a decentralized, community-owned blockchain network focused on NFTs and digital assets. The STARS token is used to pay transaction fees and mint NFTs on the platform.

Staking and Rewards

Users can stake STARS tokens by delegating them to validators to help secure the network and earn staking rewards. Stargaze also offers "Real Yield," which are rewards from protocol fees.

Governance

STARS holders can participate in governance by voting on protocol upgrades and changes, helping shape the future of the Stargaze network.

NFT Marketplace and Launchpad

Stargaze provides a platform to buy, sell, and trade NFTs. It features a zero gas fee NFT Launchpad where creators can sell their collections, and enforces royalties onchain to support creators.

Social and DeFi Features

Stargaze supports a crypto-native social graph that is open and decentralized, allowing users to build social networks and leverage social tokens. It also integrates with DeFi protocols for yield farming, lending, and earning passive income.

Additional Utilities

STARS tokens are used in various apps within the Stargaze ecosystem, including a decentralized exchange (STARDEX) and name registration services for personalized identities on the platform.

Advantages

• Decentralized and community-owned network, providing transparency and security.
• Built as a Proof-of-Stake Cosmos zone, offering scalability and compatibility.
• Zero gas fees for launching NFT collections, making it cost-effective for creators.
• Supports advanced trading tools and smart contracts with CosmWasm, allowing flexibility and developer royalties.
• Interoperable with other blockchains via IBC and Gravity Bridge.
• Offers staking rewards (~13.03%) and governance participation.
• Carbon neutral due to Proof-of-Stake consensus.
• User-friendly for beginners to mint NFTs and also supports advanced traders.
• Active community and ongoing development with governance-driven updates.

Disadvantages

• Currently has a relatively small market cap and trading volume compared to bigger crypto projects.
• Some users report a lack of high-quality projects, with many NFTs being AI-generated and less valuable.
• Price volatility and underperformance compared to some other smart contract platforms.
• The NFT marketplace and ecosystem are still growing, so some features and projects are in early stages.
• Some users experienced losses during bear markets due to NFT value drops and fees paid.

Founders of Stargaze

Stargaze was founded by Shane Vitarana, Jorge Hernandez, and Jake Hartnell. They all have strong backgrounds in software engineering. Shane and Jorge met while working at TruStory, a project built with the Cosmos SDK. Jake met Shane three years ago, and they have worked together for over two years. Shane Vitarana has nearly 30 years of programming experience and has contributed to popular projects like the Ruby on Rails framework.

Investors in Stargaze

Some of the known investors in Stargaze include A41, Alves Ventures, CSP DAO, Draft Ventures, and Figment Capital. These are part of a total of 11 investors who have supported Stargaze since its founding in 2021.

Halal Status of Stargaze

• General Principle: Investing in crypto is halal if the project itself complies with Islamic finance principles, meaning it avoids interest (riba), gambling (maysir), and excessive uncertainty (gharar).
• Project Evaluation: Stargaze would need to be assessed for its compliance with these principles, including its use case, transparency, and whether it supports ethical and Shariah-compliant activities.
• No Specific Listing: There is no direct information confirming Stargaze as halal or haram in the provided data.
• Conclusion: Without explicit Shariah certification or detailed compliance information, a definitive yes or no cannot be given. However, if Stargaze meets the criteria of being free from interest, gambling, and excessive uncertainty, it could be considered halal.