Introducing STX
Setonix ($STX) is Ethereum based ERC-20 token named after Quokka, small animal based on Rottnest island in Western Australia.
Quokoin is the smallest (base) unit of Setonix. It is like what wei is to ehter, cents are to the dollar or satoshi are to bitcoin. Quokoin is named after Quokka animal, while Setonix Brachyurus is the latin name of Quokka.
Purpose of Setonix is to serve as a digital currency on upcoming Gaming platform. One will be able to purchase game assets with Setonixs, earn Setonixs while playing the game, or take a DeFi Loan in order to borrow some amount of Setonixs in exchange for proper amount of Ether.
Comparing of units
Setonix token has 18 decimals. As mentioned, Quokoin is the base unit of Setonix. There is 21 million Setonix mined, following Bitcoin standard. Here is the table of all units in existence.
1 Setonix = 1 000 000 000 Rottnests = 1 000 000 000 000 000 000 Quokoins
Where the names came from? 🇦🇺
Quokoin, KQuokka, MQuokka, GQuokka are kinda obvious.
Setonix Brachyurus is Latin name of quokka.
Quokkas only occupy a few portions of Australia. On the mainland, most live in the Two Peoples Bay Nature Reserve, which is a protected area. The rest can be found on Rottnest Island and on Bald Island.
In 1658, Dutch sailor Samuel Volckertzoon became the first European to land on Rottnest Island, and thought that quokkas were a species of wild cat. The following year, the Dutch sea captain, Willem Hesselsz de Vlamingh, set foot on the island and thought that quokkas were actually giant rats.
A word about Blockchain…
Setonix is decentralized. No one controls it.
Setonix is permissionless. Anyone can use it.
Setonix is secure. Anyone can verify execution.
And some Quokka Facts
Quokkas are extremely sociable animals who are curious, fearless, playful, and generally very cute to humans; especially since some actually appear to smile. They have absolutely no fear of human beings whatsoever.
Although many people find quokkas cute and adorable, it is absolutely illegal to make pets out of them. You can, however, get in trouble for touching one. Violators can be fined up to Aus$2,000 and face prosecution.
The name “quokka” actually comes from the Aboriginal language of the local Nyungar (also called Noongar) people. The Nyungars called the creatures “gwaga”. Since the early European settlers were unfamiliar with the Nyungar language, what they actually heard was “quokka”, generally pronounced as two syllables (KWOH-kuh), some pronounce it as three (ku-WO-kuh).
