What is Blockstack STX (STX)?

STX is Blockstack’s native cryptocurrency token. It is burned to register digital assets including user identities and smart contracts to the Blockstack blockchain. However, inflation is used to pay miners on the network, meaning STX is inflationary and does not have a fixed supply. At genesis, STX had a total supply of 1.32 billion tokens.

What is stacks token (STX)?

Stacks token (STX) is the cryptocurrency of the decentralized computing platform Blockstack. Blockstack is a project that utilizes blockchain technology to expand the functionalities of bitcoin by serving as a second layer protocol.

What is Blockstack (block)?

The Blockstack network supports tokens, like bitcoin, and other cryptocurrencies and is available for peer-to-peer (P2P) transfer or charging for downloads, subscriptions, and more. In a still largely unregulated cryptocurrency market, Blockstack received the first-ever approval by the SEC to sell bitcoin-like tokens in an initial public offering.

How much did Blockstack sell?

Blockstack has held multiple public and private sales of its STX token. Their initial 2018 and 2019 ICOs sold slightly more 1/3 rd of the initial supply of 1.32 million tokens at a price of 12 cents USD per STX. If you include early investor sales, this accounts for around 50% of the initial supply.