GEMSTON $GEMSTON

GEMSTON is a unique cryptocurrency project that is primarily a zero-trust cross-chain DEX and also a leading AMM DEX on the TON blockchain. GEMSTON, with its innovative STON.fi platform, is not only setting new standards in security and liquidity in cryptocurrency trading but also pioneering in the use of Hashed Timelock Contracts (HTLC) for cross-chain swaps.

About GEMSTON

STON.fi, the driving force behind GEMSTON, is a Request For Quote (RFQ)-based cross-chain exchange that employs HTLC to perform cross-chain swaps atomically. This way of operation significantly removes the requirement for any additional trust entities. Furthermore, it combines the deep liquidity and price stability typically associated with RFQ-based exchanges with the uncompromising security common to intrachain DEXs. As such, STON.fi describes it as a Zero-Trust Cross-Chain DEX.

History of GEMSTON

STON.fi, the origin of the GEMSTON project, was established in May 2022. Subsequently, on November 20, the AMM DEX on TON was launched, marking a significant milestone in the project's journey.

Future of GEMSTON

The GEMSTON project holds a promising future with plans for cross-chain swaps starting with TON-TRON swaps. Following this would be swaps with EVM-compatible chains. The future also holds the introduction of DAO Governance and a Telegram Web application for the project.

Utility of the GEMSTON Token

The GEMSTON token functions as an engagement token, incentivizing active participation in the STON.fi protocol. The GEMSTON tokens are transferred into the staker's wallet as fungible tokens on the TON Blockchain. The tokens can then be freely traded, transferred, or held at the staker’s discretion.