Coinbase announced that it added the Stader (SD) token to the list, and immediately after, SD entered the Bitget exchange. 🚀 The value of SD rose rapidly and reached a peak of 0.8877 USDT. Currently, the trading price remains stable at 0.78 USDT and has increased by more than 98% in the last 24 hours. 😱

In May, Stader announced a plan to restart a token economy that would reduce the number of tokens in circulation by destroying 20% ​​of the total supply, i.e. 30 million SD. 👀

Stader will also use 20% of its revenue each quarter to buy back SD tokens and adjust the reward mechanism to encourage rapid growth of total locked value (TVL).

Improving the economic structure of the SD token seems to have yielded very good results, judging by its market performance. However, it is still unclear how the entire ecosystem will develop and whether the long-term value of SD can be expected. 🤔

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