Business Description
This redemption decision was complex due to the diverse origins of our token holders, from airdrop recipients to those who bought tokens at various market prices over the five years of our project. We have done our best to satisfy all holders, but we must prioritize particular groups.To manage this, we've developed specific assumptions for the redemption process:
Different treatment for each group or holder based on their purchase price
Preferential redemption rates for STC Launchpad participants
The high rewards for tokens acquired through the Premium Holder Program
STC Wallet users will be given priority
At STC Wallet the "Aggregated Redemption Price" for all tokens will be calculated based on each user's history and activity level
The redemption process will occur simultaneously across STC Wallet and open-market sale at KuCoin, Uniswap, OTC deals, and other exchanges
The unused funds from STC Wallet will be redirected for open-market liquidity after the end of the redemption process at STC Wallet
The 5.1 billion $STC Tokens currently held by Student Coin, will not be redeemed but instead will be immediately burned
The graph illustrates the $STC Token price history across various holder groups and their acquisition periods. Given the vast price range from $0.0005 to $0.06599, equating to a difference of over 13,000%, a logarithmic scale is employed to make the early pricing data (2019/2020) visible.
