StakeStone MiCAR White Paper

Summary

This summary should be read as an introduction to the crypto-asset white paper. The prospective holder should base any decision to purchase this crypto-asset on the content of the crypto-asset white paper as a whole and not on the summary alone. The offer to the public of this crypto-asset does not constitute an offer or solicitation to purchase financial instruments and any such offer or solicitation can be made only by means of a prospectus or other offer documents pursuant to the applicable national law. This crypto-asset white paper does not constitute a prospectus as referred to in Regulation (EU) 2017/1129 of the European Parliament and of the Council (36) or any other offer document pursuant to Union or national law.

Characteristics of the Crypto-Asset The STO token is the core governance and utility token of the StakeStone protocol, a decentralized omnichain liquidity infrastructure. STO grants holders the right to participate in protocol governance by locking tokens into vote-escrowed STO (veSTO). Holding veSTO enables users to influence protocol emissions, access boosted yield opportunities, and receive bribe rewards. STO facilitates access to StakeStone's features but is not pegged to any currency or asset and does not aim for stable value. Rights and obligations are exercised via the protocol's on-chain mechanisms and can be modified through decentralized governance votes by veSTO holders.
Key Information About the Admission to Trading Admission to trading for the STO token is being sought to enhance token accessibility, increase participation in the StakeStone ecosystem, and support liquidity. Initial admission is planned for several trading platforms, potentially including Binance, Bitvavo, OKX, Bybit, BitGet, Bithumb, Backpack, HashKey Global, Gate, Kucoin, and MEXC. The specific terms, technical requirements for purchase, custody, and transfer will be determined by each respective trading platform where STO is listed.

Information about the Person Seeking Admission to Trading
Information about the Crypto-Asset Project
Information about the Admission to Trading
Information about the Crypto-Asset
Rights and Obligations
Information on the Underlying Technology
Information on Risks
Information on Sustainability Indicators

Regulatory Disclosures

Statement in accordance with Article 6(5), points (a), (b), (c):

The crypto-asset referred to in this white paper may lose its value in part or in full, may not always be transferable and may not be liquid.

Statement in accordance with Article 6(5), points (e) and (f):

The crypto-asset referred to in this white paper is not covered by the investor compensation schemes under Directive 97/9/EC of the European Parliament and of the Council. The crypto-asset referred to in this white paper is not covered by the deposit guarantee schemes under Directive 2014/49/EU of the European Parliament and of the Council.

1. Information about the Person Seeking Admission to Trading

Name: StoneBit Ltd.
Legal Form: BST2
Registered address: Asia Leading Corporate Services (BVI) Limited of Asia Leading Chambers, Road Town, Tortola , VG1110, VG
Registration Date: 2024-01-19
Legal entity identifier: 2140624
Another identifier required pursuant to applicable national law: 2140624
Contact telephone number: +65 8172 9756
E-mail address: [email protected]
Response Time (Days): 007
Members of the Management body:

Name	Business Function	Business Address
Charles Kang	CEO & Founder	Asia Leading Corporate Services (BVI) Limited of Asia Leading Chambers, Road Town, Tortola VG1110, British Virgin Islands

Business Activity: StoneBit Ltd. is an entity engaged in the development of decentralized finance infrastructure, specifically focused on omnichain liquidity solutions. It is responsible for the design and advancement of the StakeStone protocol, including products such as STONE, SBTC, STONEBTC, and LiquidityPad. StoneBit Ltd. is also the issuer of the STO token.
Newly Established: true
Financial condition since registration: StoneBit Ltd. was incorporated in 2024 and has operated with a lean organizational structure, currently employing a small core team. Since its inception, it has primarily relied on external funding from strategic investors and ecosystem partners to support its development and operations. The company continues to maintain a focused financial strategy aimed at sustainable protocol growth and long-term value creation

2. Information about the Crypto-Asset Project

Crypto-asset project name: StakeStone
Crypto-assets name: STO
Abbreviation: STO
Crypto-asset project description: StakeStone is a decentralized omnichain liquidity infrastructure protocol designed to streamline cross-chain liquidity provisioning and unlock sustainable yield across blockchain ecosystems. Through its core suite of products—STONE, SBTC, STONEBTC, and LiquidityPad—StakeStone addresses key challenges such as liquidity fragmentation, inefficient yield deployment, and limited user accessibility. Powered by the STO token, the protocol enables seamless liquidity access, customizable vault strategies, and decentralized governance. With a modular architecture and deep cross-ecosystem integrations, StakeStone aims to become the foundational layer for efficient omnichain liquidity distribution in the blockchain space.
Details of all natural or legal persons involved in the implementation of the crypto-asset project:

Name	Business Function	Business Address
StoneBit Ltd.	Protocol, Foundation & Asset Issuer	Asia Leading Corporate Services (BVI) Limited of Asia Leading Chambers, Road Town, Tortola VG1110,British Virgin Islands.

Utility Token Classification: false
Plans for the token: StakeStone launched its mainnet in 2024 and quickly scaled to become a foundational layer for omnichain liquidity. The protocol introduced yield-bearing assets such as STONE, SBTC, and STONEBTC and reached a major milestone in early 2025 with the launch of LiquidityPad—its infrastructure for customizable liquidity vaults targeting diverse ecosystem needs. StakeStone aims to expand omnichain liquidity provisioning to high-performance chains and real-world asset networks, while also driving broader adoption through the development of payment-focused products tailored to individual economies.
Resource Allocation: Substantial resources have been allocated to the development and growth of the StakeStone protocol. These resources support protocol development, omnichain infrastructure, security audits, and ecosystem expansion initiatives. The project is backed by a team of experienced engineers, DeFi architects, and advisors with deep expertise in blockchain interoperability, liquidity infrastructure, and tokenomics design. Furthermore, ecosystem incentive programs and liquidity bootstrapping initiatives are actively deployed to attract and drive protocol adoption.
Planned Use of Collected Funds or Crypto-Assets: StakeStone plans to allocate collected funds toward protocol development, ecosystem expansion, and operational sustainability. This includes enhancing its omnichain liquidity infrastructure, incentivizing adoption through ecosystem integrations, maintaining robust security standards, and supporting day-to-day operations and compliance.

3. Information about the Admission to Trading

Public Offering or Admission to trading: ATTR
Reasons for Public Offer or Admission to trading: The admission to trading of the STO token aims to expand participation in the StakeStone ecosystem by increasing token accessibility and visibility among users, developers, and ecosystem partners. Broader token availability is intended to drive adoption of StakeStone's omnichain liquidity infrastructure and strengthen its governance participation base. The specific terms and technical requirements related to the purchase, custody, and transfer of STO will be defined by the individual exchange platforms that list the token. Initial admission to trading is expected to be pursued on centralized exchanges including [Hashkey Global], [BitGet], and [Gate], with future potential additions in alignment with StakeStone's strategic growth.
Total Number of Offered/Traded Crypto- Assets: 1000000000
Targeted Holders: ALL
Holder restrictions: There are no specific restrictions on holders of the STO token, aside from compliance with applicable laws and regulations in jurisdictions where the token is offered or traded.
Payment Methods for Crypto-Asset Purchase: These are to be determined by the exchange platform where the crypto-asset is made available for purchase.
Transfer of Purchased Crypto-Assets: These are to be determined by the exchange platform where the crypto-asset is made available for purchase.
Purchaser's Technical Requirements: These are to be determined by the exchange platform where the crypto-asset is made available for purchase.
Trading Platforms name: Potential trading platforms include Binance, Bitvavo, OKX, Bybit, BitGet, BitVavo, Bithumb, Backpack, HashKey Global, Gate, Kucoin, MEXC and other potential future platforms.
Trading Platforms Market Identifier Code (MIC): n/a
Trading Platforms Access: This is determined by the exchange platform where the crypto-asset is made available for purchase.
Involved costs: This is determined by the exchange platform where the crypto-asset is made available for purchase.
Conflicts of Interest: No conflicts of interest have been identified to date in connection with the issuance or admission to trading of STO tokens. StakeStone may establish arrangements with service providers, including third-party market makers, to support the liquidity needs of trading platforms where STO is listed.
Competent court: BVI

4. Information about the Crypto-Asset

Crypto-Asset Type: The STO token serves as the governance token of the StakeStone protocol, enabling key functionalities such as decentralized governance, yield optimization, and protocol incentive alignment. STO is not pegged to any fiat currency or asset and does not claim to maintain a stable value. Instead, it facilitates access to StakeStone's omnichain liquidity infrastructure, including participation in veSTO-based voting, yield boosting, bribe rewards, and Swap & Burn mechanisms, while supporting the decentralized coordination and evolution of the StakeStone ecosystem.
Crypto-Asset Functionality: The STO token enables key functionalities, including decentralized governance, protocol emissions allocation, and liquidity incentive coordination.
Planned Application of Functionalities: The functionalities of STO will be made available immediately upon launch of the STO token.
Type of white paper: OTHR
The type of submission: NEWT
Crypto-Asset Characteristics: STO is a fungible crypto-asset. It serves as the governance token for the StakeStone protocol, underpinning core functionalities such as protocol governance, emission allocation, yield boosting, and bribe-based incentive coordination. Users can convert and lock STO into vote-escrowed contracts (veSTO) to participate in on-chain governance, direct liquidity incentives across StakeStone's products, and access enhanced yield opportunities. STO is not pegged to any fiat currency or other asset and does not aim to maintain a stable value.
Commercial name or trading name: StakeStone
Website of the issuer: stakestone.io
Starting date of offer to the public or admission to trading: 2025-04-03
Publication date: 2025-03-30
Any other services provided by the issuer: n/a
Identifier of operator of the trading platform: n/a
Language or languages of the white paper: English
Digital Token Identifier Code used to uniquely identify the crypto-asset or each of the several crypto assets to which the white paper relates, where available: n/a
Functionally Fungible Group Digital Token Identifier, where available: n/a
Voluntary data flag: true
Personal data flag: true
LEI eligibility: true
Home Member State: NL
Host Member States: NL

5. Rights and Obligations

Purchaser Rights and Obligations: Acquiring STO tokens grants holders access to the StakeStone protocol's governance and functionality, including participation in decentralized governance through veSTO voting, access to boosted yield incentives, bribe rewards, and contribution to protocol direction and emissions allocation. Purchasers must comply with all applicable laws and regulations, including those related to anti-money laundering and consumer protection, and are required to adhere to the terms and conditions of any trading platforms facilitating the exchange of STO.
Exercise of Rights and obligations: There are no specific restrictions on holders of the STO token beyond compliance with applicable laws and regulations in jurisdictions where the token is available or traded. Rights such as governance participation, emission allocation voting, and access to yield-enhancing features are exercised through the StakeStone protocol's on-chain mechanisms, requiring users to convert and lock STO as veSTO in accordance with the protocol's standard procedures.
Conditions for modifications of rights and obligations: The rights and obligations of STO token holders may be modified exclusively through decentralized governance processes. Changes are enacted based on on-chain proposals and consensus reached by veSTO holders, ensuring community-driven decision-making within the StakeStone protocol.
Future Public Offers: There are currently no plans or contemplated future public offerings for the STO token.
Issuer Retained Crypto-Assets: 746666667
Utility Token Classification: false
Non-Trading request: true
Crypto-Assets Transfer Restrictions: The transferability of STO tokens is subject to a public vesting schedule. At launch, 253,333,333 will be made transferable, while the remainder, 746,666,667, is subject to transfer restrictions and will be gradually unlocked over a 60-month period in accordance with StakeStone's publicly disclosed tokenomics and vesting plan.
Supply Adjustment Protocols: false
Token Value Protection Schemes: false
Compensation Schemes: false
Applicable law: BVI
Competent court: BVI

6. Information on the Underlying Technology

Distributed ledger technology: StakeStone is built on the Ethereum network and leverages its widely adopted Proof-of-Stake (PoS) consensus mechanism to ensure secure, decentralized, and energy-efficient operations. Utilizing Ethereum's EVM-compatible infrastructure allows StakeStone to integrate seamlessly with a wide range of DeFi protocols and smart contracts. The protocol employs standardized smart contract development frameworks and advanced cryptographic techniques—including elliptic curve cryptography (ECC)—to ensure secure key management and transaction execution. StakeStone's omnichain functionality is enabled through LayerZero's interoperability protocol, supporting secure and scalable liquidity provisioning across multiple blockchains.
Protocols and technical standards: StakeStone utilizes a combination of Ethereum-based and omnichain protocols to ensure secure, efficient, and scalable liquidity distribution across blockchain ecosystems. The governance token, STO, is implemented as a standard ERC-20 token, ensuring compatibility with Ethereum and its DeFi protocols. The core product, STONE, is an Omnichain Fungible Token (OFT) built using LayerZero's interoperability protocol, enabling seamless cross-chain transfers and unified liquidity across multiple networks. StakeStone also adheres to widely accepted cryptographic standards for transaction integrity, while smart contracts are developed using standardized Ethereum frameworks to ensure interoperability, reliability, and security.
Technology Used: StakeStone utilizes Gnosis Safe as its primary infrastructure for holding, storing, and transferring crypto-assets. Gnosis Safe is a widely adopted smart contract-based multisignature wallet that ensures secure asset management through role-based access control and multi-approval mechanisms. This setup enhances the security of treasury operations and protocol-managed funds, offering robust protection against unauthorized access, single points of failure, and operational risks.
Consensus Mechanism: n/a
Incentive Mechanisms and Applicable Fees: StakeStone employs a vote-escrowed (veToken) incentive mechanism, where users convert and lock STO tokens to receive veSTO, which confers governance rights and corresponding economic benefits. veSTO holders can vote on protocol emissions, earn bribe rewards, and boost their yield in StakeStone's liquidity pools and vaults. Platform fees—such as withdrawal or exit fees—are directed to the StakeStone Treasury.
Use of Distributed Ledger Technology: false
Audit: true
Audit outcome: The smart contracts underlying the StakeStone protocol have successfully undergone multiple security audits conducted by reputable firms, including CoinStamp and SlowMist. All identified vulnerabilities were reviewed, validated, and resolved according to their severity prior to deployment. The results of these audits are publicly accessible via StakeStone's documentation.

7. Information on Risks

Offer-Related Risks: The offer or admission to trading of the STO token involves risks, including those related to market volatility, evolving regulatory frameworks, and liquidity constraints. Like other crypto-assets, STO may experience significant price fluctuations based on market dynamics, potentially impacting holders' ability to buy or sell at desired values. Regulatory developments or jurisdiction-specific restrictions could influence the availability or legality of trading, while limited access to secondary markets may affect liquidity and tradability.
Crypto-Assets-related Risks: Crypto-assets such as the STO token are exposed to various inherent risks, including extreme price volatility, custodial vulnerabilities, and reputational concerns. Factors like market sentiment, technological disruptions, and shifts in regulatory environments can significantly influence token value. Risks related to custody—such as private key loss, smart contract bugs, or security breaches on wallets and exchanges—may lead to permanent asset loss. Additionally, any negative perception or association with illicit activity could undermine the token's credibility and hinder broader adoption within the ecosystem.
Project Implementation-Related Risks: Project implementation risks for StakeStone include potential delays in protocol development, failure to meet key milestones, or insufficient funding to support long-term operations. The project may encounter unforeseen technical, regulatory, or operational hurdles that could affect its roadmap or hinder adoption. Dependence on third-party infrastructure, strategic partnerships, or key contributors adds further complexity, while evolving legal frameworks or adverse market conditions may impact the pace and scope of StakeStone's ecosystem growth.
Technology-Related Risks: The StakeStone protocol, like other decentralized protocols, is exposed to technological risks including potential software bugs, vulnerabilities in smart contracts, and malicious network activity that could disrupt functionality or compromise assets. As StakeStone operates across multiple blockchains through its omnichain infrastructure, risks related to cross-chain interoperability, consensus coordination, and protocol compatibility may arise. Additionally, reliance on third-party infrastructure or evolving cryptographic standards may introduce long-term challenges in scalability, maintenance, or adaptability to new technologies.
Mitigation measures: To mitigate technology-related risks, StakeStone implements a comprehensive security framework that includes independent third-party audits of smart contracts, rigorous internal testing, and continuous protocol monitoring. The protocol adheres to industry-leading cryptographic and operational security standards to safeguard user assets and ensure transaction integrity. Redundancies are built into critical infrastructure to address potential disruptions or consensus issues, while StakeStone's omnichain architecture is regularly reviewed.

8. Information on Sustainability Indicators

Beginning of the period to which the disclosure relates: 2024-01-01
End of the period to which the disclosure relates: 2024-12-31
Energy consumption: 0
Energy consumption sources and methodologies: As StakeStone operates as a decentralized asset issuance and liquidity infrastructure protocol, rather than a Layer-1 blockchain network, it does not maintain a validator network or consensus layer. Therefore, StakeStone does not directly consume any measurable kilowatt-hours (kWh) in maintaining blockchain infrastructure. The protocol leverages existing Layer-1 networks such as Ethereum and employs smart contracts for asset issuance and liquidity coordination. As a result, the energy consumption attributable to StakeStone's operations is effectively zero, and no specific calculation methodology is required.