Stargaze Zone

Currently, most NFT sales occur on Ethereum which has popular marketplaces like OpenSea and Rarible.

Stargaze is Cosmos’ dedicated zone for NFTs that seeks to solve scalability issues while retaining its marketplace to be secure, decentralized, transparent and flexible.

What is Stargaze?

• Stargaze is a fully decentralised NFT marketplace on the Cosmos Ecosystem. Its first round of token supply was “fair-dropped” to early ATOM and OSMO stakers, who are also Stargaze’s validators and delegators on Cosmos and Osmosis.

• Stargaze has also activated Mainnet Phase 2, where delegators will have the opportunity to earn staking rewards for securing the network.

• Stargaze will go fully-live with its decentralised NFT marketplace as part of Mainnet Phase 3 in Q1 2022. This would change the economic freedom of creators, bring better incentives for curators and yet, maintaining high security for NFTs.

Tokenomics

• Other than being the first interoperable Layer 1 for NFTs, Stargaze’s Tokenomics is no shy from utility. It possess an array of functionalities which boast the strong utility of the coin.

  • NFT Launchpad
  • NFT Marketplace
  • Community-owned
  • Zero Gas Fees
  • Carbon Neutral using proof of stake
  • Scalable with over 10,000 trades per second
  • Secured by over 100 validators
  • Programmable by CosmWasm
  • Interoperable via Cosmos IBC
  • Ethereum Interoperability via gravity bridge

• As a governance-based token, Stargaze allows holders to vote on proposals relating to airdrops and upgrades as seen above.

• A proof-of-stake network built on the Cosmos Zone, it gives users maximum flexibility in protocol design, interoperability and scalability.

• The governance-driven development process would also allow rapid development and iteration required for a consumer social protocol.

• With IBC (inter-blockchain communication) and Gravity Bridge (a bridge between Cosmos to Ethereum), Stargaze is able to interoperate with every other blockchain including Terra, Ethereum and its Layer 2s.

Description of Work:

• Stargaze Zone is an IBC NFT launchpad and marketplace, and new launchpad projects drop on mint every Friday at 4:00 PM EST. Does the volume of swaps involving Stars change around this time? Analyze the volume of swaps involving STARS from March 20th until present we want to:
  • Find and compare volume of swaps involving (from/to) Stars around this time?
  • Analyze the volume of swaps involving STARS from March 20th until present

1 ---> volume of swaps from/to Stars

• To compare the swap volume of the stars, we consider two modes.
  • The first is to compare the swap volume of stars for the days of the week and compare Friday with other days.
  • The second mode compares the hours around 4 PM on Friday

Method 1: days of the week

In this method, we calculate the total volume of swap to / from stars 7 days a week and compare it with Friday

According to the above charts, it can be seen that:

• Swap volume to / from STARS on Wednesday is the highest
• After Wednesday, the highest volume of swaps is related to Friday
• These charts show that more users tend to swap to / from STARS on Wednesdays and Fridays.

According to the above charts, it can be seen that:

• The volume of swaps to STARS has an upward trend from Wednesday to Friday
• On Wednesday we see the highest volume of swaps to STARS and then on Thursdays and Fridays we see the highest volume of swaps to STARS
• Interestingly, on Saturday the volume of swaps from STARS to other tokens is higher than the volume of swaps to STARS (one day later)
• On all days of the week except Saturday, the volume of swaps to STARS is more than the volume of swaps from STARS

Method 2: Hours around 4 PM on Friday

In this method, we calculate the total volume of swap to/from stars in hours around 4 PM (2 PM, 3 PM, 5 PM, 6 PM, 7 PM, 8 PM, 9 PM) on Friday and compare it with 4 PM

According to the above charts, it can be seen that:

• Swap volume from / to STARS on Fridays at 7 PM and 2 PM more than other hours
• Interestingly, the lowest swap volume from / to STARS is related to 4 PM.

• According to the above charts, it can be seen that:
  • at 7 PM and 2 PM, 3 PM, 5 PM (Shortly after and before 4 PM) the volume of swaps to STARS is more than the volume of swaps from STARS
  • It is interesting to see that at 4 PM the volume of swaps from STARS is more than the volume of swaps to STARS
  • It is observed that after 7 PM the volume of swaps from STARS is increasing

2 ---> Analyze the volume of swaps involving STARS from March 20th until present

In this section we want to analyze the swap volume from / to STARS from March 20th until present

According to the above diagrams, it can be seen that:

• Swap volume from STARS from Mar 20th to Apr 1th had a normal trend
• Interestingly, on Apr 2, the swap volume for STARS increased significantly
• From Apr 2th until May 10th, the swap volume for normal STARS is observed
• On May 11th and 12th, the swap volume for STARS increased again and after that we see more swap volume than before May 10. But this trend is declining
• On most days, the swap volume to STARS is greater than the swap volume to STARS
• On Apr 2th, May 22th and May 23th, the swap volume from STARS is almost twice as large as the swap volume to STARS
• The highest volume of swaps FROM STARS is related to Apr 2th and the highest volume of swaps TO STARS is related to May 11th.
• The highest swap volume is related to STARS swaps with 54% of the total time