bemo staked TON price 

StTON

The bemo protocol, comprising a set of smart contracts on the TON blockchain, oversees TON deposits, the minting and burning stTON tokens, and validator transactions. It is also responsible for calculating and distributing staking fees and determining the stTON vs TON exchange rate.

Users stake TON tokens and, in return, receive stTON tokens, symbolizing their share in the TON pool. The quantity of stTON allocated is determined by the amount of TON staked and the current stTON/TON rate.

Validators, essential in facilitating transaction validations on the TON network, receive TON tokens. After deducting service fees, the rewards they earn increase the bemo TON pool's value and, consequently, the value of stTON.

Users can unstake stTON at any time, leading to a cooldown period lasting between 36 to 72 hours. After this period, stTON is converted back to TON based on the prevailing exchange rate, allowing users to claim their TON tokens.

stTON is a liquid token representing your share of the total TON pool deposited into bemo.

Its design as a value-accruing token means that its price appreciates due to staking rewards while the quantity of tokens stays unchanged. Over time, your deposited TONs earn staking rewards, and the value of your stTON appreciates.

As TONs deposited in bemo earn staking rewards, the value of each stTON token increases correspondingly. The price of stTON relative to TON is determined by a smart contract after each validation round. This calculation involves adding the total TONs deposited and the staking rewards, subtracting any applicable fees, and then dividing by the total minted stTONs. This method ensures accurate valuation without the need for external oracles, as both the staked asset and rewards are in TONs.

bemo was developed by a diverse and skilled team comprising professionals from traditional finance, blockchain experts, and software developers. United by the goal of creating investment products that add value for all users, whether they are new to blockchain or seasoned veterans.

The bemo smart contracts were crafted by the team responsible for launching the first retail project on TON - Fanzee, an innovative platform for sports fan engagement. This technical team boasts seven years of experience developing blockchain platforms and applications.