CoinList’s mission is to accelerate the advancement and adoption of crypto. We’ve worked with top projects to power their token sales, connect them to developers and validators, secure their networks through staking, and provide them with a trustworthy market for trading.
One of the most common requests we receive from our community is to provide trading and wallet support for more high-quality assets. Today, we are excited to announce the next asset available for trading on CoinList will be Stacks (STX).
Our relationship with the Stacks Ecosystem goes back to Blockstack PBC’s 2017 STX token sale (the 2nd token sale we ever ran and the highest registered offering that year) and its 2019 Reg A token offering, the first-ever SEC-qualified token offering in the United States. We're thrilled to be completing this one-of-a-kind journey with them and to have STX as a full blown member of the CoinList family!
Stacks: Unleashing Bitcoin
STX is the native token of the Stacks network, which aims to enable DeFi, NFTs, apps, and smart contracts for Bitcoin. Stacks looks to take what makes Bitcoin so powerful and extend it with additional functionality, without needing to fork or change the original Bitcoin blockchain. It does this by connecting directly with the Bitcoin blockchain through its proof-of-transfer (PoX) consensus mechanism, which requires miners pay in BTC to mint new Stacks (STX) tokens. STX is used to pay transaction fees and can be stacked (locked) directly on the network to earn BTC rewards.
As the Stacks community continues to unleash Bitcoin's potential as a programmable base layer and it’s token economy continues to grow, CoinList users now have a full-featured and trustworthy trading solution to participate in this network.
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