STX is the native cryptocurrency of the Stacks network. It’s used to fuel smart contracts for Bitcoin, to reward miners on the open Stacks network, and enables holders to earn bitcoin by Stacking.
When you use apps, you’ll pay a small fee in STX to the network. This fee is the reward for miners to maintain and update the state of the network.
When you lock your STX to the network, you support Stacks' consensus. As a reward you can earn up to 10% APY, paid in bitcoin. This is called 'Stacking', a key part of Stacks unique consensus mechanism, Proof of Transfer that binds Stacks to Bitcoin for settlement.
You can use your STX in applications across the Stacks Ecosystem including NFT marketplaces, DeFi applications, name registrars, and more.
Hold and temporarily lock STX, Stacks’ native currency, and support the network’s security and consensus. As a reward, you’ll earn BTC.
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