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Stacks(STX)

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$1.6655
(-2.21%)
0.00002734 BTC
Market Cap (Rank#38)
$2,485,967,566
40,809 BTC
Vol 24h
$37,626,037
617.653 BTC
Circulating Supply
1,492,597,680.74
Max Supply
1,818,000,000
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About Stacks?

The live price of Stacks (STX) today is 1.6655 USD, and with the current circulating supply of Stacks at 1,492,597,680.74 STX, its market capitalization stands at 2,485,967,566 USD. In the last 24 hours STX price has moved -0.0806 USD or -0.05% while 33,649,776 USD worth of STX has been traded on various exchanges. The current valuation of STX puts it at #38 in cryptocurrency rankings based on market capitalization.

Learn more about the Stacks blockchain network and how it works or follow the price of its native cryptocurrency STX and the broader market with our unique COIN360 cryptocurrency heatmap.

Should I invest in Stacks?

Reasons for investing in Stacks (STX)    Reasons against investing in Stacks (STX)  
Safety: Stacks users leverage the security and immutability of BitcoinCompetition: Stacks is competing against different smart contracts projects across the cryptocurrency space
Rewards: Stacks rewards users for staking their tokensAdoption: Stacks is far behind market leaders like Ethereum (ETH), although this also means the project is likely to grow
Accreditation: STX was the first cryptocurrency to receive SEC (the Securities and Exchange Commission) qualification for a sale in the United StatesReliance on BTC: Stacks is built on the BTC network so it is tied to the continued success of Bitcoin.


What is Stacks (STX)?

Stacks (STX) is a unique cryptocurrency that aims to bring smart contracts and decentralized applications (dApps) to the Bitcoin network, as a Bitcoin layer 2. Unlike many other cryptocurrencies that operate on their own independent blockchains, Stacks leverages the security and stability of the Bitcoin blockchain while adding functionality through its own layer. This combination allows developers to build and deploy smart contracts and dApps on Bitcoin without altering the core Bitcoin protocol.

STX is the native token of the Stacks network and plays a crucial role in the ecosystem. It is used to fuel the execution of smart contracts, process transactions, and register digital assets on the Stacks blockchain. By integrating with Bitcoin, Stacks provides enhanced security and a robust foundation for building decentralized applications.


Who are the founders of Stacks?

Stacks was founded by Muneeb Ali and Ryan Shea. The project began as an open-source initiative in 2013 under the name Blockstack, aiming to create a decentralized internet where users have control over their data and identities. Muneeb Ali, who holds a Ph.D. in computer science from Princeton University, has been a prominent advocate for internet decentralization and blockchain technology. Ryan Shea, an entrepreneur and engineer, co-founded the project and played a significant role in its early development.

The Stacks project has evolved over the years, gaining support from notable investors and the broader blockchain community. The team behind Stacks has been dedicated to ensuring the project's success through continuous innovation and development, contributing significantly to its growth and adoption.


What makes Stacks unique?

Stacks stands out in the crowded cryptocurrency space due to its unique approach of bringing smart contract functionality to Bitcoin while ensuring the network is secure. Here are some key features that make Stacks unique:

  1. Bitcoin Integration: Stacks enhances Bitcoin by enabling smart contracts and dApps, leveraging Bitcoin’s security and widespread adoption. This integration allows developers to build on Bitcoin without compromising its stability and security.

  2. Clarity Smart Contract Language: Stacks uses a new programming language called Clarity, designed to be predictable and secure. Clarity is a decidable language, meaning developers can predict contract behavior with certainty, reducing the risk of unforeseen bugs and vulnerabilities.

  3. Proof of Transfer (PoX): Stacks introduces an innovative consensus mechanism called Proof of Transfer (PoX). PoX anchors Stacks' blockchain to Bitcoin, ensuring that Stacks transactions benefit from Bitcoin’s security. This mechanism also enables STX holders to earn Bitcoin by participating in the network.

  4. User-Owned Internet: Stacks aims to create a user-owned internet where users have control over their data and digital identities. This vision aligns with the broader goals of decentralization and privacy.


How many Stacks (STX) coins are there in circulation?

As of now, there are approximately 1.5 billion STX tokens in circulation. The total supply of STX is capped at 1.818 billion, which is expected to be fully mined in 2050. The distribution of STX tokens includes allocations for early investors, the founding team, and future development efforts.

The controlled supply and transparent distribution model aim to ensure the long-term sustainability of the Stacks network while incentivizing participants and developers to contribute to its growth.


Where can I buy Stacks (STX)?

STX tokens are available for purchase on various cryptocurrency exchanges. The right exchange depends on where you live and the level of financial tools required. Some of the popular exchanges where you can buy STX include:

  1. Binance: One of the largest and most reputable cryptocurrency exchanges, Binance offers STX trading pairs with various cryptocurrencies and fiat currencies.

  2. OKX: Another major exchange, OKX supports STX trading and provides a secure platform for buying and selling STX tokens.

  3. KuCoin: Known for its wide range of supported cryptocurrencies, KuCoin also lists STX and offers trading pairs with different assets.

  4. Crypto.com: A user-friendly platform that provides easy access to STX tokens along with other cryptocurrencies.

  5. Coinbase: A popular exchange for beginners, Coinbase supports STX trading and offers a seamless buying experience.

When buying STX, it's important to choose a reputable exchange and ensure that you have a secure wallet for storing your tokens. The Stacks Wallet, available on the official Stacks website, is a recommended option for securely managing your STX holdings.

Stacks (STX) represents a significant advancement in the cryptocurrency space by bringing smart contract functionality to the Bitcoin network. With its innovative approach, strong security model, and vision of a user-owned internet, Stacks offers unique advantages for developers and investors alike. While investing in STX comes with its risks, as with any cryptocurrency, its potential for growth and integration with Bitcoin makes it an attractive option for those looking to diversify their crypto portfolio.

By understanding what makes Stacks unique, how it is secured, and where to buy STX, investors can make informed decisions about whether this cryptocurrency aligns with their investment goals. To use Stacks dApps, you will need a Stacks Wallet.

Stacks Price1.6655 USD
Market Rank#38
Market Cap2,485,967,566 USD
24h Volume37,626,037 USD
Circulating Supply1,492,597,680.74 STX
Max Supply1,818,000,000 STX
Yesterday's Market Cap2,466,399,232 USD
Yesterday's Open / Close1.733 USD / 1.6524 USD
Yesterday's High / Low1.7534 USD / 1.6417 USD
Yesterday's Change
-0.05% ( 0.0806 USD )
Yesterday's Volume33,649,776 USD
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