$STX
📊 Project overview
• Core objective: The Stacks network functions as a smart layer (Layer) built on top of the Bitcoin network, enabling smart contracts and decentralized applications (dApps) to run without changing the underlying Bitcoin protocol.
• Consensus mechanism: It relies on a unique mechanism called Proof of Transfer (PoX), which ties the network’s security directly to the strength of Bitcoin mining.
• Returns (Stacking): It allows investors to lock (Stake) their STX tokens to earn rewards that are paid directly in Bitcoin (BTC)
💡 Market performance and trading information
• Current price: ~$0.36 USD
• Circulating supply: About 1.81 billion STX out of an approximately total supply.
• Daily trading volume: Roughly $34.9 million over the past 24 hours.
📊 Project overview
• Core objective: The Stacks network functions as a smart layer (Layer) built on top of the Bitcoin network, enabling smart contracts and decentralized applications (dApps) to run without changing the underlying Bitcoin protocol.
• Consensus mechanism: It relies on a unique mechanism called Proof of Transfer (PoX), which ties the network’s security directly to the strength of Bitcoin mining.
• Returns (Stacking): It allows investors to lock (Stake) their STX tokens to earn rewards that are paid directly in Bitcoin (BTC)
💡 Market performance and trading information
• Current price: ~$0.36 USD
• Circulating supply: About 1.81 billion STX out of an approximately total supply.
• Daily trading volume: Roughly $34.9 million over the past 24 hours.