What is the issuance and circulation of Stacks (STX) coins?

The Stacks (STX) blockchain boasts a circulating supply of approximately 1,187,000,000 tokens, a figure that has increased gradually due to the mining and staking of new STX.

Dec 08, 2024 at 08:20 pm

Issuance and Circulation of Stacks (STX) Coins

Stacks (STX) is a layer-1 blockchain that aims to bring smart contracts and decentralized applications (dApps) to the Bitcoin network. The STX token is the native cryptocurrency of the Stacks blockchain and is used for paying transaction fees, staking, and governance.

Issuance

The total supply of STX is 1,818,204,036 tokens. The initial distribution of STX tokens was as follows:

40% to the Stacks Foundation
20% to Stacks venture funds
20% to Stacks team members and advisors
20% to the public through a token sale

The Stacks Foundation is responsible for the development and governance of the Stacks blockchain. The venture funds will be used to invest in projects that build on the Stacks blockchain. The team members and advisors will receive their tokens over a four-year period.

Circulation

The circulating supply of STX is approximately 1,187,000,000 tokens. The remaining tokens are held by the Stacks Foundation, venture funds, and team members and advisors.

The circulating supply of STX has been increasing gradually over time. This is because new STX tokens are being minted to reward miners and stakers. The issuance rate of STX is determined by the Stacks Foundation and is currently set at 2.5% per year.

Use Cases

STX tokens have a number of use cases, including:

Transaction fees: STX tokens are used to pay transaction fees on the Stacks blockchain. The transaction fee is determined by the size and complexity of the transaction.
Staking: STX tokens can be staked to earn rewards. Staking helps to secure the Stacks blockchain and process transactions.
Governance: STX token holders can participate in the governance of the Stacks blockchain. They can vote on proposals to change the protocol and elect members of the Stacks Foundation.

Conclusion

The Stacks blockchain is a promising new platform for smart contracts and dApps. The STX token is the native cryptocurrency of the Stacks blockchain and has a number of use cases. The total supply of STX is 1,818,204,036 tokens, and the circulating supply is approximately 1,187,000,000 tokens.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

TST

$0.1323

63.48%

Trade Now
AVAIL

$0.1212

53.84%

Trade Now
SWARMS

$0.0712

52.81%

Trade Now
SKI

$0.0770

45.71%

Trade Now
ARC

$0.2601

24.45%

Trade Now
VEE

$0.0387

22.85%

Trade Now

Latest Crypto News

'America Will Be the Crypto Capital,' Trump Says at Summit
2025-02-23 17:05:26
Mutuum Finance (MUTM) Presale Surpasses $1 Million, Poised to Disrupt CoinMarketCap Rankings
2025-02-23 17:00:26
Shiba Inu (SHIB) vs. DTX Exchange (DTX) – Which One Could Be the Next 1000% Breakout?
2025-02-23 17:00:26
AltVest Capital Adds Bitcoin to Treasury Reserves, Reflecting Growing Acceptance of Cryptocurrency in Africa
2025-02-23 17:00:26
Rollblock (RBLK) Doubles Down With Startling 50% Token Bonus
2025-02-23 17:00:26
Can Ripple's XRP Reach New Heights? Key Factors and Forecasts You Need to Know
2025-02-23 17:00:26

Related knowledge

What are the long-term investment risks of Bitcoin?

Feb 22,2025 at 05:30pm

Key PointsVolatility and price fluctuationsRegulatory uncertaintySecurity risksCompetition from altcoinsMarket manipulation and scamsTransaction feesEnvironmental concernsLong-Term Investment Risks of BitcoinVolatility and Price FluctuationsBitcoin's high volatility is a double-edged sword. While it has the potential to generate substantial returns, it ...

What are the main contents of Bitcoin's "white paper"?

Feb 21,2025 at 04:36am

Key Points:Understanding Bitcoin's Genesis: The White Paper's IntroductionA Decentralized Digital Currency: Bitcoin's Core ConceptBlockchain Technology: The Foundation of Bitcoin's Immutable LedgerProof-of-Work: Securing Bitcoin's NetworkThe Design of Bitcoin's Currency: Issuance, Scarcity, and DivisibilityBitcoin's Potential Applications and Future Pro...

How does Bitcoin's distributed ledger ensure consistency?

Feb 22,2025 at 10:06pm

Key Points:Bitcoin employs a distributed ledger, also known as a blockchain, to maintain a tamper-proof and consistent record of transactions.The blockchain is a decentralized network of computers that collectively validate and store transaction data.Bitcoin's distributed ledger ensures consistency through consensus mechanisms and cryptographic algorith...

What does the Cryptographic Fundamentals of Bitcoin consist of?

Feb 21,2025 at 12:06pm

Key PointsUnderstanding the cryptographic algorithms used in BitcoinFamiliarization with the Bitcoin blockchain and its underlying mechanicsExamination of the security measures that protect Bitcoin from attackAnalysis of the decentralized nature of Bitcoin and its implicationsDiscussion of the scalability and transaction fee issues associated with Bitco...

What is Bitcoin's relationship with blockchain technology?

Feb 22,2025 at 07:00pm

Bitcoin's Intertwined Relationship with Blockchain TechnologyKey Points:Definition of blockchain technology and its decentralized natureBitcoin's utilization of blockchain for secure and immutable transactionsThe role of blockchain in verifying and confirming transactionsEvolution of blockchain technology beyond Bitcoin's cryptocurrency applicationsUnde...

How is Bitcoin's "double-spending" problem solved?

Feb 23,2025 at 02:54am

Key Points:The double-spending problem refers to the potential for a digital currency transaction to be reversed, allowing the same funds to be spent multiple times.Bitcoin solves this problem through the use of a decentralized blockchain, a public ledger that records all transactions permanently and securely.The immutability and transparency of the blo...