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What is the issuance price of Stacks (STX) coins?
The issuance price of Stacks (STX) coins, introduced in 2019 on the Bitcoin blockchain for smart contract creation, was set at $0.30 USD.
Dec 13, 2024 at 02:29 pm
What is the Issuance Price of Stacks (STX) Coins?
Stacks (STX) is a cryptocurrency that enables the creation of smart contracts and decentralized applications (dApps) on the Bitcoin blockchain. It was launched in 2019 with an initial supply of 1,186,347,283 STX coins. The issuance price of STX coins was $0.30 USD.
Issuance Price
The issuance price of a cryptocurrency is the price at which it is first offered to the public through a public sale or initial coin offering (ICO). In the case of STX, the issuance price was $0.30 USD per coin.
Distribution of STX Coins
The initial distribution of STX coins was as follows:
- Seed sale: 15% (177,952,066 STX)
- Private sale: 40% (474,538,913 STX)
- Public sale: 30% (355,904,132 STX)
- Developer fund: 10% (118,634,728 STX)
- Ecosystem fund: 5% (59,317,364 STX)
Performance of STX Coins
Since its launch in 2019, the price of STX coins has fluctuated significantly. It reached an all-time high of $2.79 USD in January 2021, before falling to a low of $0.11 USD in June 2022. As of July 2023, the price of STX is approximately $0.40 USD.
Factors Affecting the Price of STX Coins
Several factors can affect the price of STX coins, including:
- Supply and demand: The price of STX coins is influenced by the supply of and demand for the coin.
- Competition: There are a number of other cryptocurrencies that compete with STX, which can affect its price.
- Adoption: The adoption of STX by developers and users can help to increase its price.
- News and events: News and events related to STX or the broader cryptocurrency market can also affect its price.
Where to Buy STX Coins
STX coins can be purchased on a variety of cryptocurrency exchanges, including:
- Binance
- Coinbase
- FTX
- Kraken
- Gemini
Conclusion
The issuance price of STX coins was $0.30 USD. The initial distribution of STX coins was as follows: seed sale (15%), private sale (40%), public sale (30%), developer fund (10%), and ecosystem fund (5%). The price of STX coins has fluctuated significantly since its launch, reaching an all-time high of $2.79 USD in January 2021 and falling to a low of $0.11 USD in June 2022. As of July 2023, the price of STX is approximately $0.40 USD.
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