The Stenix Network team plans to fully launch its blockchain platform in autumn 2025. The network is being developed on the Substrate framework using the Rust programming language, project representatives told ForkLog.
According to the light paper, one of Stenix’s features is “consensus agnosticism”—the ability to change the network’s consensus algorithm following approval by Stenix DAO. This allows the blockchain to implement new technological developments without a hard fork.
“Stenix aims to accelerate innovation in the blockchain industry by offering a platform for testing new features,” the project’s documentation notes.
Stenix Network supports:
- full compatibility with Ethereum through EVM integration;
- unified accounts for access to multiple networks;
- transaction fees in dollar equivalent;
- simplified one-click token creation;
- a delegated staking mechanism with yields up to 50% per annum.
The Stenix Network ecosystem will include: a farming platform with yields of 20-100% per annum, a decentralized exchange and lending protocol, a crowdfunding platform, decentralized governance mechanisms, GameFi applications, and an NFT marketplace.
The native token Stenix Network (STEN) has a fixed supply of 1 billion units, distributed as follows:
- staking — 25%;
- marketing — 15%;
- ecosystem products — 10%;
- liquidity — 10%;
- presale — 10%;
- team — 7%;
- partners — 5%;
- activity rewards — 5%;
- IDO — 5%;
- reserve — 5%;
- airdrop — 2%;
- bonuses — 1%.
The initial price of STEN will be $0.05. It will be available for purchase at a reduced price during the early stage before the platform launch. There is also a plan for a free token distribution through an airdrop of 20 million STEN for activity within the ecosystem.
Currently, the project team is focused on expanding the network’s functionality and attracting active participants—validators, nominators, and promoters. Additionally, beta testing of the Stenix Network mobile wallet is underway.
Earlier, ForkLog examined the new economic model for the development of the Polkadot blockchain, whose team is behind the creation of Substrate.