Hi Flitpay Fam,
One of your most requested tokens, Stacks (STX) listed on Flitpay. You can buy, trade, and invest in the STX/INR pair in India and join it in your crypto journey.
This coin is listed under Flitpay’s Instant Listing Programme. To know what this program means to you, visit Learn.
What is Stacks (STX)?
STX is the powering token of the Stacks blockchain that brings NFTs, DeFi, and dApps to the Bitcoin blockchain. Stacks make it possible to build dApps and smart contracts integrated with Bitcoin security, extending Bitcoin functionality beyond a peer-to-peer transaction of value.
It builds a one-of-a-kind consensus algorithm called Proof of Transfer (PoX) between Stacks and Bitcoin blockchain. POX uses the PoW (Proof of Work) based cryptocurrency (bitcoin) to provide security to another blockchain. Under this approach, the miners must first spend a small amount of Bitcoin by sending it to a specified address as proof of willingness to participate in the Stack Mining process. The Stack blockchain then randomly chooses a miner through its fair Verifiable Random Function (VRF) for minting new STX blocks. The selected miner mints the Stack block and earns a fee and STX tokens as a reward. The bitcoins that the miners send to random addresses for participating in PoX consensus go into rewarding the STX token holders who lock their STX holding for a specific time.
STX is the acceptable currency for developing dApps and NFTs projects on the Stacks platform. STX holders can also lock their STX in pools or individually to earn rewards in Bitcoin. The maximum limit of STX is 1,818,000,000 tokens.
Stacks Token Statistics
Launched Year: October 2019
Stacks (STX) Price in INR: ₹51.6
Circulating Supply: 1,380,335,360.21 STX
Total Supply: 1,352,464,600 STX
Market Rank: 53
*Above data is from Coinmarketcap as of 16th May 2023*
More coin listings are coming soon.
Till then, Happy Trading!
