STG tokens

According to reports, according to the latest announcement of Coin On, Coin On has completed the exchange of new STG tokens for AVAX C Chain, Arbitrum One, BNB Smart Chain (BEP20), Ethereum (ERC20), Fantom, and Polygon blockchains with the original STG tokens. The original STG tokens will be reused as the transaction code on the Coin On platform, and STG deposits and withdrawals are now open; The revoked STG token will use STGOLD as the transaction code. STGOLD recharging is now open and will no longer support STGOLD token withdrawals. Coin security reminds users who extract STGOLD after the initial exchange is completed to re deposit STGOLD on the Deposit Crypto page because STGOLD has no value, and can continue to convert STGOLD tokens into STG through the conversion function. Coin security: STG has completed the contract swap in blockchains such as Ethereum, Arbitrum One, and Polygon Analysis based on this information:The announcement from Coin On reveals that they have…

On March 13, Stargate, a cross-chain liquidity agreement based on LayerZero, tweeted that the Stargate Foundation recommended DAO not to reissue STG tokens. After the bankruptcy of FTX last year, the FTX/Alameda wallet suffered from key leakage or internal problems, and was attacked by hackers and lost about $500 million. The FTX liquidator will eventually transfer all assets to the new wallet, and the key will not be leaked to hackers. Stargate DAO believes that the key of the wallet is likely to be leaked and shared between FTX liquidator/Alameda and hackers, and proposes to reissue STG tokens to transfer these funds out of the wallet. The Stargate Foundation advised the DAO not to reissue STG tokens, and the FTX liquidator may seek compensation Analysis based on this information:Stargate, a cross-chain liquidity agreement based on LayerZero, recently tweeted that the Stargate Foundation recommended against reissuing its STG tokens. This decision is based on the belief that the key to the…