Stader Labs is launching its coin today and everyone is wondering what the Stader coin rate will be. CEX trading is set to start at 13:00 UTC. In its ICO stage, the value was $4.5 with a total volume of 3 million tokens.
Stader (SD) token is the native governance token for Stader protocol. SD token is a native ERC-20 token. All CEXs will list SD as an ERC-20 token. And anyone can bridge it to Terra via Wormhole. The SD token on Terra is whSD. The total supply of Stader tokens will be limited to 150 million.
From Stader Labs, they express their excitement over the Stader coin launch and say that the distribution of Stader tokens is planned to incentivize the users and key stakeholders to actively participate in the network. They will also reserve a sensible portion of Stader tokens to incentivize third parties to build on the Stader platform.