Coins with long-term potential 🥳🥳

$STX

Stacks (STX) is a Layer-1 blockchain project built on top of the Bitcoin blockchain. Its goal is to bring functions such as smart contracts, decentralized applications (dApps), DeFi and NFTs to Bitcoin by using Bitcoin's security and capital. STX Token Usage Areas

Smart Contract Fees: STX is used to run smart contracts and perform transactions on the Stacks network.

Bitcoin Earnings with Stacking: STX holders can contribute to the security of the network by locking their tokens (stacking) and earn Bitcoin rewards in return. 

Mining and Network Security: STX is used in mining activities and to ensure the security of the network within the scope of the PoX mechanism. 

History and Development

The Stacks project was started in 2013 by Muneeb Ali and Ryan Shea under the name Blockstack. In 2019, the STX token became the first token offering to be approved by the U.S. Securities and Exchange Commission (SEC). In 2020, Blockstack rebranded as Stacks, and in 2021, the Stacks 2.0 network was launched.

Application Ecosystem

A variety of applications and protocols have been developed on the Stacks network: 

• Zest Protocol: A lending protocol built for Bitcoin.

• STX20: A new protocol for creating and sharing digital assets on the Stacks blockchain.

• Stacking DAO: Provides liquidity for tokens locked on the Stacks network.

• Hermetica: A yielding synthetic dollar protocol backed by Bitcoin.

• Asigna: A multi-signature wallet for Bitcoin, Ordinals, BRC20, and Stacks. 

• Velar: A full-featured DeFi application with Bitcoin finality.

#stx #BinanceAlphaAlert #AltcoinETFsPostponed #Trump100Days