MZR Monthly - March Edition
March was an exciting month for Straco, and we are excited to share with you the latest updates and numerous developments that have taken place at Straco during the last month.
Despite significant economic and financial incidents such as the collapse of SVB and the de-pegging of $USDC, we successfully launched our $STRACO Token. Even more impressive, we managed to maintain its price above the IDO level for a month after the TGE. The $STRACO Token was launched on Uniswap and Camelot, with subsequent listings on coingecko, coinmarketcap, and DEXTool, where $STRACO has been trending several times and even reached the maximum score of 99/99.
On the TGE day, Mizar's staking dashboard has been launched. Users can directly stake their $STRACO Tokens on Straco to increase their STAR level to reduce their trading fees and increase their referral rewards. The staking protocol has been successfully reviewed by Solidity Finance, check the audit here.
So far, the staking program has seen over 110 unique users stake a total of 55M $STRACO , representing approximately 10% of the total circulating supply of $STRACO . To thank early stakers, Straco airdropped them a total of 2.1 million $STRACO . Learn how to stake $STRACO here. Straco will add more value with programs and perks that will be announced soon.
In addition to the launch of the $STRACO Token, Straco has also introduced the Straco Nitro Pool on CamelotDEX, allowing liquidity providers to earn trading fees and farm $STRACO Tokens. Since its launch, the pool has attracted significant investment, with over $60k staked by investors. To participate, liquidity providers simply need to create a MZR-ETH liquidity position on CamelotDEX and start earning rewards. It's a fantastic opportunity for Straco community members to contribute to the liquidity and growth of the platform while also earning additional benefits.
On the product front, Straco released its Smart Trading Terminal v2.0, which now features newly integrated TradingView Charting for users to automate trades on all 11 exchanges Straco supports.
More payment methods were added, enabling users to buy Straco credits using USDT, USDC, or BUSD on two different chains, BNB and ETH. This new feature will be especially helpful for those who prefer to hold their stable coins on different assets and chains.
Additionally, Straco DCA bots now support Hedge Mode on all functionalities, representing a significant step forward for futures traders.
The “TEST KEY” feature has also been released, enabling users to conduct a set of verifications each time a new exchange is added to their account and any errors encountered will be displayed.
The Alpha version of D-Straco is almost complete, and we're already in talks with several notable projects to take the next steps in DeFi. Our team is committed to expanding our DeFi network and community, and we're excited to work with leading partners in the Arbitrum ecosystem to enhance the capabilities of D-Straco and bring immense value to our community.
Moreover, we are delighted to share that Straco has formed an official broker partnership with MEXC, and we're collaborating closely with Camelot and imagnAI to bring more innovative solutions to the market. These collaborations will undoubtedly strengthen our position in the DeFi space and enable us to deliver more benefits to our users.
In March, Straco experienced a 34% increase in its user base with around 3,000 new users in March, while maintaining a similar trading volume to February, with $40M traded. Straco gained significant attention on social media contributing to a three-fold increase in Twitter followers and 1 million impressions. In addition, the Straco Twitter account has officially been verified.
We are proud to have published 75+ press releases about the $STRACO Token launching on Arbitrum and unveiling the DeFi roadmap on major platforms, including Bloomberg. Similarly, a press release about the launch of the Arbitrum native Token $STRACO on Camelot has been published on Finbold and other pages.
We thank you for your continued support and enthusiasm. Straco is excited about the future and the many opportunities that lie ahead. Stay tuned for more exciting updates in the coming months.
