Stacks
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Stacks, previously known as Blockstack, is a decentralized platform that allows smart contracts and decentralized applications (DApps) to operate on Bitcoin. It aims to extend the functionalities of Bitcoin without altering its core, leveraging the security and stability of the world's most robust blockchain.
Stacks employs the Clarity smart contract language, which is designed for predictability and security. Unlike other smart contract languages, Clarity's behavior is "decidable", allowing developers to know exactly how a contract will act before it's executed.
The project was developed by Blockstack PBC, co-founded by Muneeb Ali and Ryan Shea. It originated from academic research and has evolved into a wider ecosystem.
In terms of key milestones:
In 2017, the Blockstack browser was launched, providing access to DApps on the network.
In 2019, Blockstack conducted a regulated token offering under the U.S. Securities and Exchange Commission's Regulation A+ framework, marking one of the first such offerings.
2021 witnessed the release of Stacks 2.0, introducing mechanisms like Proof-of-Transfer (PoX) that links Stacks' consensus to Bitcoin and the Clarity smart contract language.
Recently, the launch of Stacks 2.0 stands out as a significant achievement, enabling native smart contracts on Bitcoin and promoting the idea of a user-owned internet. The ecosystem has grown with the development of DApps, DeFi platforms, NFTs, and other decentralized technologies built on Stacks.
Above are only for introduction, not intended as investment advice.
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Q&A about Stacks Tokenomics
Explore the tokenomics of Stacks (STX) and review the project details below.
What is the allocation for Stacks (STX)?
Stacks issued 1.32 billion STX in the genesis block. STX was distributed through several offerings in 2017 and 2019. 2017 issued STX at $0.12, 2019 issued Reg S at $0.25, and 2019 issued SEC compliance at $0.30.
The initial distribution of STX is as follows:
- 14.2% is allocated to Hiro PBC
- 7.4% is allocated to Stacks Foundation
- 4.1% is allocated to Independent entity
- 6.6% is allocated to Liberated Software LLC
- 3.8% is allocated to Colleges and universities
- 6.6% is allocated to Muneeb Ali
- 7.9% is allocated to Team
- 8.0% is allocated to Equity investor
- 29.2% is allocated to Token sales in 2017
- 8.9% is allocated to Token sales in 2019
- 2.4% is allocated to Blockchain.com
In addition, miners bid for their BTC through Proof-of-Transfer (PoX) for the chance to write blocks on the Stacks blockchain, thereby earning STX rewards and collecting transaction fees.
What is the supply schedule for Stacks (STX)?
1)The maximum supply of STX is capped at 1,818,000,000 with the declining mining reward over time.
The reward amounts are:
- 1000 STX per block are released in the first 4 years of mining
- 500 STX per block are released during the following 4 years
- 250 STX per block are released during the following 4 years
- 125 STX per block are released from then on indefinitely
2)The Stacks cryptocurrency has a predetermined future supply that will reach about 1.818 billion by 2050 (a reduction from the previous 2.04 billion. By the end of January 2021, 1.006 billion STX of the approximately 1.32 billion STX in the genesis block will be liquid, and the rest will be unlocked on a monthly basis according to various unlocking schemes.
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Stacks, previously known as Blockstack, is a decentralized platform that allows smart contracts and decentralized applications (DApps) to operate on Bitcoin. It aims to extend the functionalities of Bitcoin without altering its core, leveraging the security and stability of the world's most robust blockchain.
Stacks employs the Clarity smart contract language, which is designed for predictability and security. Unlike other smart contract languages, Clarity's behavior is "decidable", allowing developers to know exactly how a contract will act before it's executed.
The project was developed by Blockstack PBC, co-founded by Muneeb Ali and Ryan Shea. It originated from academic research and has evolved into a wider ecosystem.
In terms of key milestones:
In 2017, the Blockstack browser was launched, providing access to DApps on the network.
In 2019, Blockstack conducted a regulated token offering under the U.S. Securities and Exchange Commission's Regulation A+ framework, marking one of the first such offerings.
2021 witnessed the release of Stacks 2.0, introducing mechanisms like Proof-of-Transfer (PoX) that links Stacks' consensus to Bitcoin and the Clarity smart contract language.
Recently, the launch of Stacks 2.0 stands out as a significant achievement, enabling native smart contracts on Bitcoin and promoting the idea of a user-owned internet. The ecosystem has grown with the development of DApps, DeFi platforms, NFTs, and other decentralized technologies built on Stacks.
Above are only for introduction, not intended as investment advice.