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Token Utility (Coming Soon)
Stellar Art is an innovative project that utilizes an ERC-20 token, called $STAI, to bring enhanced utility to its users. By integrating the $STAI token into its platform, Stellar Art offers a versatile and user-friendly experience that empowers creators, collectors, and enthusiasts to generate images, access NFT subscriptions, and pay platform fees in a seamless and efficient manner.
- 1.Image Generation: The first utility of the $STAI token is its ability to facilitate image generation on the Stellar Art platform. Users can leverage their $STAI tokens to access the platform's AI-powered features, such as "Text to Image" and "Image to Image," and create unique, high-quality digital artwork. By offering a dedicated token for image generation, Stellar Art streamlines the process and makes it easier for users to unlock the platform's full potential.
- 2.NFT Subscriptions: The second utility of the $STAI token lies in its capacity to purchase NFT subscriptions of varying durations, including 7 days, 30 days, 3 months, and 12 months. Users can acquire these time-limited NFTs using their $STAI tokens, granting them access to exclusive platform features, content, and privileges. As these NFT subscriptions expire, users can choose to renew their access by purchasing new subscriptions with their $STAI tokens, ensuring ongoing engagement and utility.
- 3.Platform Fees: The third utility of the $STAI token pertains to its use as a payment method for platform fees. When users mint an image as an NFT on Stellar Art, they have the option to pay the associated platform fees either in $STAI tokens or ETH. This flexibility allows users to choose the most convenient and cost-effective payment method, enhancing the overall user experience and fostering a more inclusive ecosystem for creators and collectors alike.
By integrating the $STAI token into its core functionalities, Stellar Art offers a comprehensive and versatile platform that caters to the diverse needs of its users. The token's utility not only streamlines transactions and access but also promotes a thriving and sustainable community where artistic expression, innovation, and value creation can flourish.
$STAI's deflationary nature adds another layer of value to the token and its utility within the Stellar Art ecosystem. As a deflationary token, 5% of the $STAI tokens are burnt every time they are used for minting an NFT, generating an image, or purchasing subscription NFTs. This mechanism reduces the overall token supply, creating scarcity and potentially increasing the token's value over time.
The deflationary aspect of $STAI encourages long-term holding and fosters a sense of exclusivity within the platform. As the token supply decreases, users who hold $STAI tokens may benefit from increased demand and appreciation in value, making the token an attractive asset for both creators and collectors.
Moreover, the deflationary nature of the $STAI token aligns with the platform's focus on sustainability and value creation. By gradually reducing the token supply, Stellar Art ensures that the utility and worth of $STAI tokens remain high, promoting a thriving ecosystem where artistic expression and innovation can flourish.
In summary, the deflationary characteristic of $STAI enhances the token's overall utility within the Stellar Art platform, promoting long-term value and fostering a sustainable and exclusive community for users to engage with digital art, NFTs, and AI-powered content generation.