Stellar Blockchain
About Stellar Blockchain
Last updated
About Stellar Blockchain
Last updated
The Stellar blockchain serves as the foundation of the Gethar: Meet & Earn ecosystem, ensuring its technological reliability, economic efficiency, and global interoperability. The choice of Stellar as the core protocol is driven by its ability to support fast, low-cost, and transparent transactions, which perfectly aligns with our mission of creating an accessible meet-to-earn platform. This section outlines how Stellar is integrated into Gethar, enabling the issuance of the GTH token, NFT tokenization, and interaction with the broader blockchain network. By leveraging Stellar’s advantages—ranging from high transaction throughput to built-in asset management mechanisms—we provide users with a secure, convenient, and scalable experience.
Below are the key aspects of Stellar’s integration into Gethar: Meet & Earn, including:
The issuance of the GTH token as a custom asset
The tokenization of in-game NFTs
Compatibility with wallets and exchanges
The role of Soroban smart contracts
These elements make Gethar not just an isolated platform but an integral part of the global Web3 ecosystem, enhancing user trust and increasing the liquidity of our assets.
The Gethar Token (GTH) is issued on the Stellar network as a native custom asset, ensuring full integration with the blockchain ecosystem.
Fast and Low-Cost Transactions: Thanks to Stellar's architecture, GTH transfers between users are completed within 3–5 seconds with a transaction fee of approximately 0.00001 XLM (less than $0.000001 at the current exchange rate).
Transparency: Every GTH transaction is recorded in Stellar’s public ledger, which can be verified through the Stellar Explorer.
Example: A user sends 100 GTH to a friend to participate in a shared room. The transfer is completed instantly with minimal fees.
In-game assets within Gethar, such as NFT characters and decorative objects, are tokenized as unique assets on the Stellar network, ensuring authentic ownership and security.
Uniqueness: Each NFT is linked to a distinct token on the blockchain, with metadata verifying its rarity, level, and ownership history.
Storage and Transfer: Stellar provides built-in mechanisms for digital asset management, allowing users to securely store and transfer NFTs.
Example: The legendary "Trophy of the Month" NFT decor is issued as a Stellar asset with a unique identifier, which can be verified on the blockchain.
Stellar ensures wide accessibility for GTH and Gethar NFTs through compatibility with popular ecosystem tools.
Wallets: Users can store GTH and NFTs in any Stellar-supported wallets, such as Lobstr, Solar, or Freighter, maintaining full control over their assets.
Stellar DEX (SDEX): Stellar's built-in decentralized exchange (SDEX) allows users to trade GTH for XLM or other assets without intermediaries, ensuring liquidity.
Example: A user exchanges 500 GTH for 20 XLM via SDEX or stores their epic NFT character in Lobstr wallet for staking participation.
The Stellar trustline mechanism enhances the security and recognition of Gethar assets within the network.
Trustlines: To own GTH or NFTs, users must set up a trustline to the Gethar token issuer, confirming the authenticity of assets and protecting against counterfeits.
Network Recognition: Trustlines ensure that every issued GTH or NFT is recognized by the entire Stellar ecosystem, preventing unauthorized duplicates.
Example: A new user activates a trustline for GTH via the Freighter wallet to receive their first tokens from an airdrop.
Soroban, Stellar’s smart contract platform, enhances Gethar’s functionality by automating key processes.
Automation: Soroban manages staking rewards distribution, DAO voting, and token-burning mechanisms, ensuring transparency and immutable rules.
Scalability: Soroban’s high-performance engine enables the processing of complex operations (e.g., vote counting in Showcase) without network congestion.
Example: A Soroban smart contract automatically distributes 250,000 GTH to the Showcase winner on the 1st of the month, recording the result on the blockchain.
The integration with the Stellar blockchain makes Gethar: Meet & Earn a technologically advanced platform that combines speed, accessibility, and security.
The issuance of GTH as a custom asset and NFT tokenization on Stellar provide users with authentic ownership and instant transactions with minimal costs.
Wallet and SDEX compatibility, trustline support, and the use of Soroban smart contracts enhance the liquidity, trust, and functionality of the ecosystem.
Powered by Stellar, Gethar goes beyond being an isolated project, becoming part of the global Web3 network, where users can freely interact with assets and enjoy the benefits of decentralization.