Stacks
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Stacks (formerly Blockstack) is a decentralized platform that enables smart contracts and decentralized applications (DApps) to run on Bitcoin, extending Bitcoin's functionality without altering its core features. By leveraging Bitcoin's security and stability, Stacks allows developers to build on the world’s most secure blockchain. The platform uses the Clarity smart contract language, known for its predictability and security, distinguishing itself from other contract languages by ensuring developers know the exact behavior of their contracts before execution.
Originally developed by Blockstack PBC and co-founded by Muneeb Ali and Ryan Shea, the project was born from academic research and evolved into a broader ecosystem. Key milestones include the launch of the Blockstack browser in 2017, which provided early access to DApps, and a regulated token offering under SEC Regulation A+ in 2019, making Blockstack one of the first blockchain projects to conduct such an offering.
In 2021, Stacks 2.0 introduced major advancements like Proof-of-Transfer (PoX), connecting Stacks’ consensus directly to Bitcoin while enabling smart contracts via Clarity.
By 2024, Stacks had implemented the Nakamoto upgrade, a significant advancement aimed at improving transaction speeds and finality guarantees. This upgrade also introduced sBTC, a trustless, Bitcoin-backed asset, unlocking new opportunities for decentralized finance (DeFi) applications built on Bitcoin. The Nakamoto upgrade has further cemented Stacks' role as a leading Layer 2 solution for Bitcoin, enabling smart contract functionality and transforming BTC into a fully programmable asset.
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.
Stacks Token Allocation
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Stacks (formerly Blockstack) is a decentralized platform that enables smart contracts and decentralized applications (DApps) to run on Bitcoin, extending Bitcoin's functionality without altering its core features. By leveraging Bitcoin's security and stability, Stacks allows developers to build on the world’s most secure blockchain. The platform uses the Clarity smart contract language, known for its predictability and security, distinguishing itself from other contract languages by ensuring developers know the exact behavior of their contracts before execution.
Originally developed by Blockstack PBC and co-founded by Muneeb Ali and Ryan Shea, the project was born from academic research and evolved into a broader ecosystem. Key milestones include the launch of the Blockstack browser in 2017, which provided early access to DApps, and a regulated token offering under SEC Regulation A+ in 2019, making Blockstack one of the first blockchain projects to conduct such an offering.
In 2021, Stacks 2.0 introduced major advancements like Proof-of-Transfer (PoX), connecting Stacks’ consensus directly to Bitcoin while enabling smart contracts via Clarity.
By 2024, Stacks had implemented the Nakamoto upgrade, a significant advancement aimed at improving transaction speeds and finality guarantees. This upgrade also introduced sBTC, a trustless, Bitcoin-backed asset, unlocking new opportunities for decentralized finance (DeFi) applications built on Bitcoin. The Nakamoto upgrade has further cemented Stacks' role as a leading Layer 2 solution for Bitcoin, enabling smart contract functionality and transforming BTC into a fully programmable asset.
Above are only for introduction, not intended as investment advice.