Stride (STRD) Price

Name: Stride
Brand: Cryptocurrency
SKU: STRD
Price: 0.586629 USD
Availability: InStock
Rating: 4,4 (9 reviews)

STRD

Stride

4,4

★

$0.586629

2.98%

Today's Current Price in US Dollar

Market cap

53,845,488.0

Total volume

170,071

Circulating supply

91,788,031

Total supply

91,788,031

Buy / Long

Sell / Short

STRD stands as the cornerstone governance token within the Stride blockchain ecosystem, playing an essential role in its governance framework. Possessors of STRD are granted the opportunity to stake their tokens, receiving rewards that include not only STRD but also earnings from liquid staked tokens. This empowers users to actively partake in on-chain governance activities, such as casting votes on key decisions like the appointment of validators and the implementation of blockchain enhancements.

Even as Stride integrates Interchain Security (ICS), the fundamental functionalities of STRD remain unaffected. Owners of STRD can persist in staking their assets to garner rewards, comprising both STRD and proceeds from liquid staked tokens. This involvement facilitates their contribution to crucial on-chain deliberations and voting endeavors, affecting determinations surrounding validator selection and blockchain updates.

To promote long-term viability, the issuance of STRD as staking incentives was cut by 50% from its original tokenomics plan. Additionally, 15% of the staking rewards are distributed to the Cosmos Hub, encouraging a synergistic relationship between both ecosystems. The STRD token continues to be vital, acting as a linchpin for governance influence and staking privileges within the dynamic environment of Stride.

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