Stacks (STX) is a pioneering cryptocurrency project that aims to enhance the capabilities of the Bitcoin blockchain by integrating smart contracts and decentralized applications (dApps) directly into Bitcoin's ecosystem. Originating as Blockstack before rebranding to Stacks in 2020, it stands as a layer-1 solution that employs Bitcoin as its foundational layer. The Stacks platform is energized by its native token, STX, which is instrumental in the execution of smart contracts, transaction processing, and the registration of digital assets. The live Stacks to EUR conversion is € 1.88.
At its core, Stacks is driven by a vision to decentralize the internet further, challenging the dominance of major corporations over online interactions. This vision is encapsulated in the motto "can't be evil," a direct critique of the centralized power structures embodied by giants such as Google and Facebook. By leveraging Bitcoin's secure and stable nature, Stacks ensures that its dApps maintain these attributes, fostering an ecosystem where development is both open and collaborative.
The operational dynamics of Stacks revolve around a unique consensus mechanism known as Proof of Transfer (PoX). This system distinguishes itself by not requiring miners to mine in the traditional sense. Instead, miners contribute already mined Bitcoin to the network as a chance to earn STX tokens. This process is regulated by specific rules that ensure the integrity and security of transactions within the Stacks ecosystem.
One of the standout features of Stacks is its commitment to innovation. Unlike many cryptocurrency projects that rush to market, Stacks underwent an extensive eight-year development phase that included rigorous peer review. This process has resulted in a platform that not only extends Bitcoin's functionality without the need for hard forks but also introduces a new smart contract language, Clarity, designed for ease of use and security.
Stacks also introduces Gaia, a storage solution that allows users to choose between cloud storage providers or their own storage solutions, addressing concerns around data sovereignty and security. Additionally, the platform features an integrated naming service, enhancing user interaction with digital assets.
Stacks crypto has achieved significant regulatory milestones, including receiving funding from the US government and becoming the first blockchain token to receive backing from the SEC for its initial coin offering (ICO). This regulatory endorsement underscores the platform's commitment to compliance and security.
The value proposition of Stacks is multifaceted. Beyond its innovative integration with Bitcoin, the STX crypto token holders can engage in 'stacking,' a process akin to staking, to earn Bitcoin rewards. This mechanism, along with the platform's scalable transaction capabilities and robust security measures, underscores the intrinsic value of the STX token. The current price of 1 STX in EUR is € 1.88.
Stacks represents a forward-thinking approach to leveraging Bitcoin's foundational strengths while expanding its utility through smart contracts and decentralized applications. With its unique consensus mechanism, innovative storage solutions, and regulatory achievements, Stacks is positioned as a key player in the ongoing evolution of blockchain technology.
The fastest, most convenient way to purchase Stacks is to purchase it on ICONOMI. We check Stacks live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Stacks by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Stacks is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Stacks, we recommend you read the next section, as copying might be a better approach.
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Stacks in their structure.
Here you can read and comment on all posts made by Strategists about Stacks STX. See all Stacks price predictions in real time and make the best use of their crypto knowledge.
🤟 Rebalancing Info 01.05.2024 🤟
Strategy Performance April: -29% 📉
Winner April: $TRX +0,2% 🆗
Loser April: $APT -49% 😱
Every month I rebalance the strategy back to 4% each of the Top25 crypto coins without Stablecoins or wrapped Token.
There has been 3 changes in the Top25:
22x Rebalanced
Everything is rebalanced back to 4% each.
🤟 www.crypto-index-25.de 🤟
1/4
These are the buy and hold returns from April 1 to the present.
I provide this information to help you see the extent of the decline resulting from the black swan event last night and the night before and compare its impact from the opening of the month.
You can evaluate this discounts in relation to your investment as this is an appropriate opportunity to buy discounts as in Mid of last March.
It is always better to invest in a passive index with objective rules and no survival bias.
You can review the components that my indexes possess periodically and compare your performance with my indexes that objectively organize the cryptocurrency market according to the method of your investment, or use them to form your own strategies or customize your investment and increase your understanding of developments in the crypto market.
I'm a momentum investor, I buy winners and sell losers here.
The winner remains a winner and the loser remains a loser.
But you can benefit from this information according to your strategy if you are buying dips.
Blockchain Infrastructure sector ex-$ETH
We have rebalanced BLX according to our pre-set structure.
Injective Protocol $INJ, VeChain $VET, and Lido DAO $LDO have fallen out of our structure parameters, while Arbitrum $ARB, Cronos $CRO, Maker $MKR, Render Token $RNDR , Stacks $STX, The Graph $GRT have been added with 0.36%, 0.34%, 0.29%, 0.32%, 0.44% and 0.3% weight, respectively.
Among existing assets, the main changes were on $BNB and $SOL, with 0.67% and 0.73%, respectively.
⭐ Wisdom DeFi structure has been readjusted and rebalanced.
📈Wisdom DeFi is a strategy with high volatility in DeFi Decentralised finance sector. In Q1 2024 Wisdom DeFi consistently appears as a 7 days Top Performer and is one of the best performed strategy on the platform - 6M return (Q4 2023+Q1 2024) was +233,36%, whilst benchmarked $BTC in the same period was +154,98%.
ℹ️ For more info write to: [email protected].
💊Stack sats $BTC
⭐ Wisdom Collectibles structure has been readjusted and rebalanced.
📈Wisdom Collectibles is a strategy with high volatility. In Q1 2024 Wisdom Collectibles consistently appears as a 7 days Top Performer and is one of the best performed strategy on the platform - 6M return (Q4 2023+Q1 2024) was +211,88%, whilst benchmarked $BTC in the same period was +154,98%
ℹ️ For more info write to: [email protected].
💊Stack sats $BTC
