Today, August 24th, VNDC officially adds Stacks Token (STX) on VNDC Wallet. Soon after STX is available, users can perform the following functions with STX:

Off-chain transactions: Send, receive STX with other users on the same system.
Exchange: Swap from VNDC to STX and vice versa.

About Stacks

Stacks was launched on October 25, 2019, and developed by Blockstack PBC, headquartered in New York. Stacks is a decentralized network using blockchain technology that creates the infrastructure and provides the tools for developers to deploy their applications efficiently. Stacks is designed to be a platform focused on ease of use, scalability, privacy, and user data security, allowing users to be in control of their data and identity.

The platform allows users to control their information thanks to code stored on the blockchain system by operating directly on the user’s device and independently storing information. This code is meant to provide the ability to hold individual data in the media of the user’s choosing, transfer data from one application to another within the ecosystem, and remove the need to log in personal data through the password as before.

Website: https://www.stacks.co/

What is STX token?

Stacks token (STX) is a utility token belonging to the Stacks ecosystem and is used for the following purposes:

Used to pay registration fees, create accounts and pay for services within the Stacks network.
Used to pay for accessing the dApp and downloading applications from the dApp to the device.
Used to publish the smart contract and execute its functions on the network.
Used as a reward for miners who mine a new block.

Specifications:

Name: Stacks Token
Symbol: STX
Platform: Stacks blockchain
Type: Utility Token

Stacks Token (STX) Price Data

Until today, STX has been listed on some of the largest cryptocurrency exchanges like Binance, KuCoin, Gate.io,… At the time of writing, STX is ranked #68 on CoinMarketCap: