CoinYQ Dossier

STAU put gold behind another token and left the legal bridge unwritten

The STAU contract records a fixed utility token, not bullion. Gold appears one step later as CHOS and another step later as a shop purchase, while custody, reserve evidence and the legal obligor remain outside the chain.

Ten billion units arrived before the gold architecture

On October 15, 2024, the deployer created all 10 billion STAU in one Polygon transaction. The verified contract has no later mint, proxy upgrade, tax or pause. Minutes later, ownership moved to 0x4a0867…e07d. The ledger established a transferable supply; it did not identify a gram of gold for each unit.

The whitepaper placed the gram inside CHOS

The 2025 paper separates three instruments. STAU supplies utility and a route into CHOS; CHOS is described as reflecting one gram of gold; S-Point is an internal one-dollar unit for purchases. This sequence makes STAU neither gold-stable nor directly redeemable. It also makes the missing CHOS contract, custodian, bar inventory and attestation central evidence gaps.

An address lock existed for twenty-five days

The launch code let the owner lock senders for 7,450,000 blocks and automatically lock recipients of owner distributions. After several unlock calls, the owner invoked disableLockFeature on November 9, 2024. That flag is permanent in code. The same address still owns the contract, but its remaining ownership functions cannot recreate freezes or mint supply.

Tokenomics describes releases that the token cannot enforce

The paper divides supply among ecosystem, foundation, private investors, marketing, team and advisers, then schedules monthly releases into 2033 and 2034. Yet the constructor had already minted every unit and the contract contains no vesting schedule. Whether allocations were held, escrowed or released as promised depends on wallets and offchain administration, not this token's rules.

The DAO chapter and disclaimer cancel each other's certainty

One chapter says balances carry proportional votes over protocol and rewards. The disclaimer later says project coins grant no voting rights, offers no profit sharing, and is not legally binding. Without a disclosed DAO contract or terms that resolve the clash, STAU governance remains a project description rather than an enforceable holder power. The same evidence cannot turn a partner name into an issuer or gold custodian.

How the project changed

  1. 2024-10-15
    STAU contract creates the full supply

    The constructor mints 10 billion STAU to the deployer on Polygon.

  2. 2024-10-15
    Ownership moves to a second address

    The deployer transfers contract ownership to 0x4a086719…e07d minutes after creation.

  3. 2024-11-09
    Address locking is permanently disabled

    The owner calls disableLockFeature; the one-way flag remains active at review.

  4. 2025-07-30
    Whitepaper version 1.1.4 is produced

    It formalizes the STAU–CHOS–S-Point model, allocations and conflicting governance language.

Evidence and primary sources

Last evidence review: 2026-09-05

What is STAU?

STAU is the ERC-20 token at 0x37C5eBfaE4E4dA225e9D8042B05063c4A2c94bb6 on Polygon. The verified StauProject contract created 10 billion STAU for the deployer on October 15, 2024. It is a fixed-supply utility token with ordinary transfer and holder-authorized burn functions, not a stablecoin or a tokenized gram of gold. This contract fixes the identity against unrelated assets with the same name.

The project describes a three-part route: STAU would swap into CHOS, CHOS is described as tracking one gram of gold, and CHOS would convert to an internal one-dollar S-Point used to buy physical gold. Therefore, any gold backing or product-delivery promise belongs to CHOS, S-Point and the offchain STARRY GOLD service. Holding STAU alone does not identify allocated bullion, a custodian account, or a redemption claim.

What problem does STAU solve?

The project tries to join a freely traded utility token to a physical-gold shop. That bridge has three distinct obligations: an onchain STAU transfer, a CHOS price or reserve mechanism, and an offchain seller that accepts S-Point and delivers a product. The STAU contract implements only the first.

The July 2025 whitepaper calls CHOS gold-backed and says it reflects one gram of gold, but it does not disclose a CHOS contract, named vault custodian, bar list, reserve account, audit or attestation. It names Starry Group as a commercial partner and the current website names STARRYCHO HOLDINGS PTE. LTD. as a partner; neither source clearly identifies the legal issuer or obligor for STAU or CHOS. A Polygon token balance cannot fill those missing contractual links.

How does STAU work?

The non-proxy contract minted the full 10 billion supply once in its constructor. It has no public mint, fee, tax, pause, blacklist or upgrade function. Holders can burn their own balance, or an approved spender can burn within allowance. The whitepaper allocates 40% to ecosystem, 30% foundation, 10% private investment, 10% marketing, 5% team and 5% advisers, with release plans running from August 2025 or August 2026 through 2033 or 2034. Those schedules are not enforced by vesting functions in the token contract.

At deployment, the owner could lock an address for 7,450,000 Polygon blocks, and transfers made from the owner automatically locked recipients. Ownership moved from the deployer to 0x4a0867191c0842e7c48658bfb451677dde50e07d minutes after deployment. On November 9, 2024, that owner successfully called disableLockFeature; the stored flag is now true and the code makes this disablement irreversible. The owner remains recorded but can now only change the unused lock period, transfer ownership or renounce it; the live token has no remaining freeze route.

Governance is internally contradictory. The main whitepaper says STAU balances receive proportional DAO votes over updates, policy and rewards. Its disclaimer says no voting rights attach to any project coin or token and the paper is not legally binding. No DAO contract, proposal registry or binding vote executor was disclosed in the reviewed sources. Governance should therefore be treated as an unverified product plan, not a current holder right.

The same disclaimer denies profit sharing, guaranteed profit and binding status, permits the project to reject some purchase requests, and restricts participation where token transactions are prohibited. No reviewed document grants STAU holders title to gold, direct mint or redemption against reserves, company equity, revenue, or a claim against a named custodian.

Key facts

  • STAU is the Polygon contract 0x37C5eBfaE4E4dA225e9D8042B05063c4A2c94bb6, deployed October 15, 2024.
  • The constructor minted all 10 billion STAU to the deployer; the contract exposes no later mint function.
  • STAU is a utility token whose market price floats; the whitepaper assigns the one-gram gold reference to separate CHOS.
  • No CHOS contract, custodian, bar list, reserve account, audit or attestation was disclosed in reviewed official materials.
  • The token is not upgradeable and has no transfer fee, pause or blacklist function.
  • An owner-controlled address lock existed at launch but was permanently disabled on November 9, 2024.
  • Whitepaper allocations are 40% ecosystem, 30% foundation, 10% private, 10% marketing, 5% team and 5% advisers; its release plan is not enforced by this contract.
  • The whitepaper both promises proportional DAO voting and later denies voting rights, so a binding STAU vote is not established.

Official links

Categories

Related coins

Frequently asked questions

Is STAU backed by one gram of gold?

No such right is documented for STAU. The whitepaper assigns the one-gram reference to a separate asset called CHOS; STAU has a floating market price and no reserve logic in its contract.

Can STAU be redeemed directly for physical gold?

No direct redemption is documented. The proposed route is STAU to CHOS to S-Point and then a purchase from STARRY GOLD, with offchain terms and availability still required.

Who holds the gold reserves?

Reviewed official materials do not name a vault custodian, reserve account or bar list and provide no reserve attestation. Starry entities are described as partners, not clearly as the legal reserve obligor.

Can more STAU be minted?

The verified contract minted 10 billion in the constructor and has no callable mint function. Holder-authorized burns can only reduce that total.

Can the owner freeze transfers?

The contract originally allowed temporary address locks. The owner permanently disabled that feature on November 9, 2024, and the code provides no way to restore it.

Does STAU provide a DAO vote?

It is unresolved. The whitepaper's governance chapter promises proportional votes, while its disclaimer denies voting rights; no binding DAO executor was disclosed.

Who issued STAU?

The deployer address created the supply and the site names STARRYCHO HOLDINGS PTE. LTD. as a partner, but reviewed materials do not clearly name a legal token issuer or holder counterparty.

External trackers

Choose a tracking site for STAU: