List of STX coin issuance and listing trading platforms

The Stacks (STX) network, a layer-1 blockchain leveraging Bitcoin, issued 1,549,625,249 STX tokens in its initial public sale on October 14, 2020.

Oct 01, 2024 at 03:47 am

STX Coin Issuance and Listing Trading Platforms

The Stacks (STX) network is a layer-1 blockchain that leverages the Bitcoin Network to provide smart contract functionality and decentralized applications (dApps) to the Bitcoin ecosystem. The native coin of the Stacks network is STX, which plays a crucial role in securing the network, enabling transactions, and powering smart contracts. Here's an overview of STX coin issuance and listing trading platforms:

1. STX Coin Issuance

The initial STX coin issuance occurred on October 14, 2020, through a public sale (ICO). The ICO raised approximately $27 million and distributed 1,549,625,249 STX tokens to participants.

2. Listing Trading Platforms

After the initial issuance, STX was gradually listed on various cryptocurrency exchanges and trading platforms, expanding its accessibility to a wider audience. Below is a list of prominent platforms where STX is currently traded:

• Binance
• Coinbase
• FTX
• Gemini
• Kraken
• KuCoin
• Huobi Global
• OKX
• Bithumb
• Bittrex

3. STX Issuance and Distribution Timeline

November 11, 2021: Stacks Foundation announced the distribution of 4.6 billion STX tokens to miners of the Stacks network over four years.

July 28, 2022: An additional 300 million STX tokens were distributed through a grant to provide funding for Ecosystem projects.

4. Conclusion

The issuance and listing of STX have played a significant role in establishing Stacks as a viable platform for developers and users within the Bitcoin ecosystem. The token's availability on reputable trading platforms has enhanced its accessibility, while the ongoing distribution and issuance initiatives aim to support the growth and sustainability of the Stacks network.