Is Starlink a Cryptocurrency?

A blockchain-based interactive metaverse for gaming, socializing, and commerce is called Starlink (STARL). With the help of Starlink, users will be able to discover opportunities in the virtual world that match their interests. The website aims to function as a 3D social environment where users can communicate for a variety of purposes, including exchanging artistic works, playing games, etc.

The whitepaper (V.2) states that Starlink wants to host games that are focused on learning, action, and adventure. For instance, the Starlink gaming platform offers simulations of space flight, interplanetary racing, and space travel.

The network intends to harness decentralization to build several hubs where users may play, meet, and interact. The games’ play-to-earn approach allows users to earn tokens as rewards. Users can exchange their prizes for game assets such as game accessories. Starlink also intends to employ the STARL token to conduct metaverse operations.

Is Starlink a Cryptocurrency?

The network’s native coin, STARL, is an ERC20 token. Starlink aims to use STARL tokens in both the NFT market and game-related metaverses. 100% of STARL will be used by the network as initial liquidity. The platform plans to use STARL tokens to exchange assets in NFTs to buy gaming accessories like tools, fuel, and weaponry, according to the website.

Users of the STARL token will have the option to vote on any modifications to the metaverse as part of Starlink’s development as a DAO.