What is the issue volume of STX coins? One article to introduce the application scenarios of STX coins

The Stacks blockchain's native token, STX, has a total issuance volume of 1,818,098,943 coins and serves various purposes within the ecosystem, including staking, DeFi operations, smart contract execution, network governance, exchange of value, and access to dApps.

Oct 09, 2024 at 06:53 pm

What is the Issuance Volume of STX Coins?

STX, the native token of the Stacks blockchain, has a total issuance volume of 1,818,098,943 coins.

Application Scenarios of STX Coins

STX coins play several crucial roles within the Stacks ecosystem:

1. Proof-of-Transfer (PoX):
STX holders can earn rewards by "stacking" their coins, where they lock them for a certain period to secure the network and validate transactions.

2. DeFi Operations:
STX is used as collateral for lending and borrowing on decentralized finance (DeFi) platforms built on Stacks.

3. Smart Contract Execution:
STX is the gas token used to pay for the execution of smart contracts on Stacks.

4. Network Governance:
STX holders have the right to participate in the network's governance by voting on proposals and making decisions about its future development.

5. Exchange of Value:
STX can be bought, sold, and traded on cryptocurrency exchanges. It serves as a medium of exchange for transactions within the Stacks ecosystem.

6. Access to dApps and Projects:
Certain decentralized applications (dApps) and projects built on Stacks require STX as a form of payment or as a utility token.

7. Development Incentives:
Stacks provides grants and rewards to developers who build and contribute to the ecosystem, often in the form of STX coins.

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