When was STX coin issued? Learn about the origin of STX coin in one article

The innovative STX coin, the native token of the Stacks Protocol, originated in 2017 and was launched in 2020, bridging the gap between Bitcoin and smart contracts.

Oct 01, 2024 at 01:59 pm

1. Unveiling the Origins of STX Coin: A Comprehensive Overview2. Inception: Birth of the Stacks Protocol

The genesis of the STX coin lies in the inception of the Stacks Protocol in 2017.
Founded by Muneeb Ali, it aimed to bridge the gap between Bitcoin and smart contracts.

3. 2019: Pre-Launch Primer Sale

In February 2019, Stacks conducted a pre-launch primer sale, raising $25 million to fund its development and adoption.
This sale attracted early investors and enthusiasts who believed in the potential of the Stacks Protocol.

4. 2020: STX Coin Launch

On November 12, 2020, Stacks launched the STX coin, the native token of the Stacks Protocol.
STX coins provide rewards to network participants for securing the protocol through Proof-of-Transfer (PoX).

5. STX Coin's Role in the Stacks Ecosystem

STX coins are essential for the functionality of the Stacks Protocol:
- Securing the Proof-of-Transfer consensus mechanism.
- Providing rewards to miners and validators.
- Facilitating transactions and smart contract execution.

6. Conclusion

The STX coin has its roots in the innovative Stacks Protocol, bridging the worlds of Bitcoin and smart contracts. Its launch in 2020 marked a significant milestone in the evolution of the blockchain landscape, enabling a seamless transition between the two major technologies.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

RAIN

$0.007852

113.00%

Trade Now
PIPPIN

$0.06097

51.96%

Trade Now
PARTI

$0.1396

42.04%

Trade Now
WAVES

$0.9141

41.69%

Trade Now
ARC

$0.04302

35.73%

Trade Now
HONEY

$0.01029

21.80%

Trade Now

Latest Crypto News

Blockchains, Crypto Tokens, Launching: Enterprise Solutions & Real Utility Steal the Spotlight
2026-01-31 12:30:02
Crypto Market Rollercoaster: Bitcoin Crash Recovers Slightly Amidst Altcoin Slump and Lingering Fear
2026-01-31 13:10:01
Solana's Stumble and APEMARS' Rise: Crypto Investors Navigate Volatile Markets
2026-01-31 13:05:01
Bitcoin Options Delta Skew Skyrockets, Signaling Intense Market Fear Amidst Volatility
2026-01-31 13:00:02
Cardano Secures Tier-One Stablecoin: USDCX Arrives Amidst Global Regulatory Push
2026-01-31 13:00:02
A Shining Tribute: Oneida Woman, Washington's Army, and the New $1 Coin
2026-01-31 12:55:01

Related knowledge

What is Ethereum’s Slashing mechanism and how to punish malicious behavior?

Feb 20,2025 at 03:08am

Key PointsOverview of slashingDifferent types of slashing in EthereumIncentives and consequences of slashingIdentifying and reporting slashed validato...

What is the verifier node of Ethereum and how to become a verifier?

Feb 19,2025 at 06:00pm

The Verifier Node of Ethereum: A Comprehensive GuideKey Points:What is a Verifier Node?How to Become a Verifier NodeResponsibilities and Rewards of a ...

What is Ethereum’s staking, and how to participate and earn money?

Feb 19,2025 at 04:37pm

Key Points:Understanding Ethereum's Staking MechanismSteps to Participate in StakingBenefits and Rewards of StakingSecurity and Risk ConsiderationsTec...

What is Ethereum’s DAO (Decentralized Autonomous Organization) and how does it work?

Feb 20,2025 at 03:12am

Key PointsDefinition and Structure of a DAOGovernance and Decision-Making in DAOsBenefits and Use Cases of DAOsChallenges and Limitations of DAOsWhat ...

What is Ethereum's multi-signature wallet and how to improve security?

Feb 20,2025 at 02:18pm

Key Points:Understanding the Concept of a Multi-Signature WalletBenefits and Drawbacks of Multisig WalletsRequirements for Setting Up a Multisig Walle...

What is Ethereum's oracle and how to provide data for smart contracts?

Feb 21,2025 at 01:30am

Key Points:Understanding the concept of oracles in EthereumExploring different types of oraclesDetailed guide on how to provide data for smart contrac...