The native token $STAY of the Web3 travel platform Staynex will be launched on KuCoin and LBank today at 20:00

Web3 travel platform Staynex announced that its native token $STAY will officially launch on KuCoin and LBank exchanges today at 20:00 (HKT). This is the first round of listings, and the platform claims it will also be listed on more mainstream exchanges in the future.

According to official disclosures, the total supply of $STAY is 100 billion tokens, with an initial circulation of 3% at TGE, and the launch price is $0.00035 (corresponding to an FDV of $35 million). The project has no VC institutional investment, no private placement rounds, and the team tokens will have zero release during the TGE phase.

In terms of token economics and application scenarios, $STAY is tied to real consumption scenarios on the platform, allowing holders to enjoy up to a 25% discount on travel passes, 15% staking rewards, and access to airport lounges based on their level. Additionally, Staynex plans to use 20% of the platform's total revenue to buy back $STAY and has set a long-term goal of burning 70% of the total supply.

Public information shows that Staynex previously acquired the European Web3 travel platform Sleap and has established partnerships with Gate Travel, Coinbase, and others. It currently has over 40 ecological partners and nearly 200,000 users.