What is STX? Detailed introduction to the trading platform and total amount of STX coins

The total supply of Stacks (STX) coins is 1,818,040,740, with 60% allocated to the Stacks Foundation, 25% to investors, and 15% to the Stacks Core Team.

Oct 08, 2024 at 10:42 am

What is STX: A Comprehensive Guide to the Trading Platform and Token Supply

1. Overview of STX

Stacks (STX) is a decentralized blockchain network and smart contract platform that allows developers to build decentralized applications (dApps) on the Bitcoin (BTC) blockchain. It aims to enhance the functionality and security of Bitcoin by leveraging smart contracts and providing compatibility with existing Bitcoin wallets and exchanges.

2. Trading Platform: Stacks Wallet

The Stacks Wallet is the official trading platform for STX. It is a non-custodial wallet that allows users to store, send, and receive STX. The wallet also provides staking functionality, enabling users to earn rewards for holding and delegating their STX tokens.

3. Total Supply of STX Coins

The total supply of STX coins is 1,818,040,740. This was determined during the initial coin offering (ICO) in 2019.

4. Distribution of STX Coins

The initial distribution of STX coins was as follows:

60% allocated to the Stacks Foundation.
25% allocated to investors.
15% allocated to the Stacks Core Team.
5. Current Market Cap and Value

As of [date], the market cap of STX is approximately [value]. The current price of STX is [value]. The price can fluctuate based on market conditions.

6. Notable Partnerships and Projects

Stacks has established partnerships with several organizations, including:

BlockFi: Allows users to earn interest on STX holdings through staking.
Coinbase: Facilitates the trading and custody of STX.
Hiro Systems: Provides a Bitcoin-powered micropayments solution.

7. Future Plans and Development

The Stacks team is actively working on several projects, including:

Improving smart contract functionality.
Expanding the Stacks Wallet ecosystem.
Integrating decentralized identity (DID) solutions.

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