Stobox L2 is an Ethereum parachain proof-of-stake (POS) consensus mechanism network which is optimised for operations with digital securities as well as with traditional crypto. Stobox L2 implements two native coins: STBU
and ETH, where STBU is mineable. The mining economy will be published later this year before the release of the dev net in December 2021 (est.).
Transactions on Stobox L2 can be of two types: non-published and published, where publishing means storing records of L2 transactions on third-party blockchains like Ethereum or Polychain. Publishing is an important tool to keep transparency and integrity of the ledger even with the small number of POS miners.
All transactions with security tokens ought to be published on sufficiently decentralized chains, whereas transactions with crypto may only be done on Stobox L2. In terms of transaction fees, gas is measured in Gwei and will be fixed for most types of transactions and will be announced later this year.
Stobox L2 is optimised for DeFi operations with security tokens as well as with traditional crypto assets. It also allows common users to create liquidity pools and other DeFi operations as on Ethereum, BSC, Solana or others. Stobox L2 has low transaction commissions along with embedded functionality of anchoring transactions on other blockchains.Swaps of security tokens will only be available on the Stobox L2 network.
There are multiple advantages to such an approach. Firstly, Stobox STO clients
are then able to keep the registry of their securities just by holding the node. Regulations in some countries require it. Secondly, the embedded regulatory layer makes sure security tokens are bought and sold only with respect to international securities laws and regulations. Thirdly, Stobox L2 miners will be able to earn STBU and participate in the long-term development of the network. Finally, low costs of transactions will boost operations with security tokens the same way it occurred with traditional crypto assets.
STBU becomes mineable on the Stobox L2 network. Current STBU supply on both Ethereum and Binance Smart Chain may be decreased according to an updated tokenomics, which will be published later in Q4 2021.The launch of the mainnet is planned for Q1 2022.Contact us
if you plan to become a Stobox L2 node holder and mine STBU coin.