BinaryX has rebranded to Four, uniting GameFi, IGOs, and MemeFi under one ecosystem. With BNX now FORM, Four continues to innovate in blockchain gaming."

Having launched in May 2021, BinaryX, which started out as a 

 (DeFi) platform, has continued to evolve and adapt to the rapidly changing blockchain landscape. However, in the spirit of adaptability and innovation, the platform switched to 

, focusing its attention on play-to-earn (P2E) games.

As a GameFi platform, BinaryX has also created an 

 (IGO) launchpad from which developers can launch GameFi projects.

Now, BinaryX has rebranded to Four in order to align with the mission of its 

 product, a launch platform for the meme coin ecosystem.

Let's learn more about BinaryX and the way it continues to shape the crypto market with innovative products and adaptable business models.

 hub for the development of GameFi projects, includes an IGO launchpad to facilitate developers in launching games. 

BinaryX began in 2021 as a decentralized derivative trading system that featured the use of 

. But in 2022, the BinaryX team gradually evolved its project into a GameFi platform in order to adapt to the increased demand for P2E games. Its aim is to make web3 games more accessible and approachable to the vast community of gamers.

BinaryX also developed an IGO launchpad to serve as a comprehensive hub for gaming developers to launch their GameFi projects, and for investors to receive early access to promising new play-to-earn games. Furthermore, the BinaryX team announced the incorporation of a 

 (DAO) into its GameFi ecosystem so that its community of token holders could participate in voting on governance matters.

In February 2025, BinaryX rebranded to Four in order to align with its latest product, Four.meme, which was launched in July 2024. Following the rebrand, its native token, BNX, would now become FORM to reflect the project's commitment to innovation and adaptability.

As one of the top web3 platforms on BNB Chain, BinaryX has continued to innovate and experiment with different business models to adapt to the blockchain landscape's fast-paced nature. To this end, BinaryX has the following diverse products under its wing.

BinaryX launched its Initial Game Offering (IGO) launchpad in May 2022 as a dedicated platform to support blockchain gaming projects. The launchpad helps game developers secure funding for decentralized video games. They also get a platform on which to build communities and accelerate their web3 game development.

By leveraging BinaryX’s expertise in GameFi and its existing user base, projects gain exposure to a vast community of crypto gamers. The platform offers early access to promising blockchain games, allowing investors to participate in token sales and 

 presales. BNX holders can use their tokens to vote for games' listings on the BinaryX platform, and they also receive rewards, such as game tokens and NFT 

Some notable games launched on the BinaryX IGO launchpad include 

. These games showcase BinaryX’s commitment to innovation in GameFi, integrating play-to-earn mechanics, NFTs and decentralized governance to help create immersive gaming ecosystems.

BinaryX's GameFi trading platform is a marketplace designed for seamlessly trading blockchain gaming assets, including NFTs, in-game tokens and virtual items. Launched to support the growing GameFi ecosystem, the platform enables gamers and investors to buy, sell, trade and auction assets from BinaryX-powered games in a secure and efficient manner.

 and DeFi principles, BinaryX ensures transparent transactions with minimal fees, and enhances liquidity for in-game assets while empowering players to maximize their earnings.

The BinaryX GameFi trading platform supports transactions involving 

In January 2022, BinaryX launched the BinaryX DAO, a first for a GameFi project, through which BNX token holders can participate in the project's community governance, determine airdrop and dividend ratios, and submit proposals on how to improve the BinaryX ecosystem.

Case in point: BinaryX's community participated in voting for/against the platform's rebranding to Four during a community vote that was held from Sep 21–23, 2024.

The BinaryX Treasury serves as the financial backbone of the BinaryX ecosystem, supporting the development and sustainability of its GameFi projects. Some sources of assets used to fund the treasury include initial capital injection by the BNX team, income from gaming activities, income from the IGO launchpad and profit from external investment.

Profits in the BinaryX Treasury are used to reward BNX stakers, incentivize BinaryX sidechain node providers and finance strategic investments in third-party projects.

BNX is the native token for the BinaryX platform. Its original maximum supply of 2.1 billion tokens was adjusted to 580 million after a community vote in late July 2024.

Distribution of the 580 million BNX tokens is as follows:

Following BinaryX's rebranding to Four, BNX will change to FORM, and holders will be allowed to exchange to the new token at a ratio of 1:1 (details to follow at a later date).

BinaryX has integrated a multi-token model. Apart from BNX, the other two tokens associated with the platform are as follows:

BinaryX officially rebranded to Four on Feb 21, 2025, following an overwhelming vote via its DAO, marking a significant transformation in its vision for GameFi and DeFi innovation. This shift comes with a revamped website, which will serve as a hub for the GameFi platform, IGO launchpad and Four.meme, a new addition to Four’s expanding ecosystem.

Following the rebranding, a 1:1 token migration from BNX to FORM is necessary in order to enhance the token's identity and align with the project's new direction. FORM remains on the BNB Chain, ensuring smooth compatibility with existing infrastructure.

 (CEXs) won’t need to do anything — the token swap to FORM will take place automatically. BinaryX will liaise with these exchanges to switch from the BNX contract address to the one for FORM.

 (DEXs), cold wallets and self-custody wallets will need to carry out a manual token swap based on a converter provided by BinaryX. To carry out this token swap, you’ll need to do the following:

 landing page (link will be provided at a later date).

4. Sign to authenticate your transaction to receive the FORM tokens.

5. Add the new FORM contract address into your wallet to see the new tokens.

You can buy BNX as a USDT Perpetual contract (

) on the Bybit trading platform. However, the BNXUSDT contract will be delisted on Mar 17, 2025, 9AM UTC, so make sure to close your open positions and cancel your active orders for BNXUSDT as soon as possible.

Over the years, BinaryX has consistently demonstrated strong performance. The rebranding of BinaryX to Four marks a bold step forward in its mission to impact the web3 space. This transformation reflects the project’s commitment to expanding its ecosystem, enhancing token identity and integrating innovative elements, such as Four.meme, alongside its GameFi platform and IGO launchpad.

By adapting to the evolving crypto landscape, Four is positioning itself as a comprehensive hub for web3 and gaming enthusiasts so that it can offer a seamless experience for gamers, investors and meme culture participants. The introduction of the FORM token ensures a more cohesive and recognizable branding, reinforcing Four’s long-term vision. Thanks to the smooth migration process from BNX to FORM, users can continue participating in the ecosystem while benefiting from enhanced liquidity and utility.

Four remains dedicated to GameFi innovation, supporting successful blockchain games such as 

, all of which feature play-to-earn mechanics, NFTs and decentralized governance. The revamped platform is designed to foster a dynamic gaming economy, support new game launches and provide a secure environment for trading digital assets. With its rebranding and expanded offerings, Four is set to lead the next wave of blockchain gaming and DeFi innovation, uniting gamers, developers and investors in a vibrant web3 ecosystem.

Intermediate

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From BinaryX to Four: A unified hub for GameFi, IGOs and MemeFi

Learn about the benefits of using Bybit Pay and the step-by-step instructions to get started with Bybit Pay now.

Traditional financial systems and blockchain-based ecosystems have long operated in silos, creating friction for users and businesses alike. 

 is a new payment solution that’s been designed from the ground up to solve this issue to make cryptocurrency transactions seamless for any users.

With the aim of mainstreaming crypto payment options, Bybit Pay has already begun partnering with traditional payment solution providers, enabling users to transact with cryptocurrencies through existing infrastructure. For example, with its recent 

, Brazilian users can now shop by using cryptocurrencies in a quick and effortless manner. 

In this article, we’ll explain the benefits of using Bybit Pay and provide step-by-step instructions for new users who want to get started with the platform.

With more than 60 million users on the Bybit platform, Bybit Pay empowers merchants with access to the global network of its vast user base. Meanwhile, users benefit from a seamless integration with web3 wallets that makes paying with crypto as easy as paying with fiat currency. The platform also offers collateralized payment tools that allow users to borrow against their NFT and crypto holdings. 

Through these innovative features, Bybit Pay blends the ease of traditional finance with the flexibility of cryptocurrencies, creating an ecosystem that benefits both users and merchants.

Bybit Pay can be accessed using the Bybit App on mobile and desktop. 

While filling in the form, make sure that the information you enter matches the information you’ve already provided during 

: As of now, only verified users in Brazil can make transactions using a Pix QR code.

Since the Pix integration, Brazilian users can use Bybit Pay wherever Pix is accepted. This opens up a vast network of offline establishments in the country, since Pix is Brazil’s leading instant payment system provider. 

In addition to offline establishments, Bybit Pay can also be used with a number of e-commerce providers for online shopping using cryptocurrencies. Bybit Pay will be available to users from other regions soon.

With the launch of Bybit Pay, Bybit is integrating crypto payments with traditional payment services providers — and vastly expanding the number of places where cryptocurrencies can be used.

Beginner

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How to use Bybit Pay for effortless payments

SwapX (SWPX) is a Sonic-based DEX offering concentrated liquidity, automated liquidity management and modular plugins for seamless DeFi trading.

In mid-February 2025, Argentina's President Javier Milei posted a tweet promoting a previously poorly known cryptocurrency, 

 (SOL)–based Libra (LIBRA), triggering a huge price surge from fractions of a cent to over $5 within hours of the tweet. The token's creators, who controlled 70% of the supply, quickly sold their holdings at the peak, causing the price to plummet to less than $1 within hours. Approximately five hours after his initial post, Milei deleted his post, distancing himself from the project as 

The LIBRA token debacle further tarnished Solana's reputation, already undermined by the numerous dubious meme coins on Solana, exacerbating SOL's decline. US president Donald Trump's announcement about including SOL in the proposed US strategic crypto reserve assets list helped soften the decline, but the damage had already been done.

Against the backdrop of Solana’s reputational troubles, developers and 

 (DApp) operators are actively searching for alternatives — and many are turning to 

 (S), the rebranded reincarnation of Fantom (FTM), as a chain that also features great performance and cost advantages, while also being 

 (EVM)–compatible and, importantly, largely free from the image of a scam nest.

Among the many DApps embracing Sonic is SwapX (SWPX), a 

 (DEX) that offers a number of innovative features, including concentrated liquidity (CL) provision, modular plugins for additional functionality, automated liquidity management, user-friendly account abstraction and more.

 (SWPX) is a DEX platform built on the Sonic Layer 1 blockchain, which aims to provide efficient, user-friendly and flexible trading solutions for crypto token traders and liquidity providers. 

SwapX takes advantage of Sonic's speed and cost advantages to offer cheaper transactions and nearly immediate settlement, both of which are important considerations for DEX users.

The SwapX project has implemented several features and services to address the needs of 

 and liquidity providers at all expertise levels.

SwapX's execution engine is powered by Algebra Integral, a 

 (DeFi) technology provider offering a suite of 

 (AMM) solutions. The SwapX DEX has integrated Algebra Integral's V4 engine, a modular architecture that lets exchanges use customizable plugins for additional functionality. SwapX's plugins support modular upgrades and extend the platform's capabilities by adding new services without disrupting core operations.

 (UNI) v3–style CL pools, which let liquidity providers contribute their funds within specific price ranges. The platform also features automated liquidity management (ALM), so users can add a single token to liquidity pools (instead of having to deposit a pair of tokens). It also removes the need for liquidity providers to actively monitor their positions.

SwapX prides itself on its robust operations, which ensures overall security by restricting plugins from handling user funds directly, thus minimizing the risk of potential vulnerabilities. The platform also uses thoroughly audited, verified 

Another innovative feature of SwapX is account abstraction (AA), which simplifies user authentication by allowing access via an email or Google account. Instead of relying solely on 

, AA uses smart contracts to manage accounts, which further enhances security.

The SwapX project is unrelated to the earlier (and, by now, largely defunct) BSCEX AMM aggregator platform, which was sometimes referred to as BSCEX SwapX.

SwapX's choice of the Sonic blockchain isn’t incidental. The 

 chain has been gaining popularity over the past few months, thanks to its stellar technical properties, low transaction costs and scam-free reputation.

Sonic, a rebranding of an earlier popular blockchain Fantom (FTM), launched its mainnet in December 2024. The Sonic chain boasts a throughput capacity of up to 10,000 

 and sub-second finality times. Unlike Solana, Sonic is also EVM-compatible.

In February 2025, DeFi activity on Sonic began to rise, with some of the new activity supported by Solana's difficulties and the search for a less controversy-affected hosting platform.

Supported by the broader shift from Solana to Sonic, some Sonic-based DeFi protocols — such as Shadow (SHADOW), Metropolis (METRO) and SwapX itself — saw their token prices surge around mid-February. However, by early March, many of the tokens were off the highs to which they’d quickly climbed.

We noted above that plugins are one of SwapX's core features, allowing it to extend the basic AMM functionality. YieldSync is probably the most important of these plugins.

The plugin, created jointly by SwapX and Algebra Integral's developer, enhances liquidity pools containing yield-bearing assets like 

 (LSTs) and liquid restaking tokens (LRTs). It redirects part of these tokens' yield into incentives that encourage voting within the platform's governance system. 

This process increases the overall rewards for liquidity providers and makes the pools more attractive, which draws in more liquidity and boosts the pools' efficiency.

CL, another key feature of SwapX, allows liquidity providers to contribute their funds within specific price ranges to optimize the use of their liquidity. First introduced by Uniswap v3, the CL model can deliver greater returns and lead to more efficient capital usage than the standard AMM setup, whereby the contributed liquidity is spread over the entire price range in the pool.

It should also be noted that while CL-based liquidity provision can be highly profitable, it requires active management and is more complex than the standard AMM model.

SwapX features four distinct liquidity pool types 

 Classic Volatile AMM, Classic Stable AMM, CLAMM and single-token pools offered in partnership with the ICHI liquidity strategies provider.

Earlier on, we mentioned SwapX's ALM functionality, which is leveraged by the ICHI pools. In essence, SwapX's ALM helps liquidity providers in CL pools automate the process of adjusting liquidity within specific price ranges. This reduces the need for constant monitoring and manual adjustments, one of the core drawbacks of the standard CL model. ALM aims to maximize yields by keeping liquidity active within profitable price ranges. In other words, SwapX's ALM might be described as an "auto-pilot" mode for concentrated liquidity provision.

 asset issued on the Sonic chain. Its primary function is to facilitate 

 voting on the platform. Holders of SWPX can lock their funds and be issued veSWPX, an NFT asset that grants the rights to participate in on-chain votes, and attain voting power alongside farming rewards. In addition, veSWPX qualifies you to receive weekly rewards from swap fees and voting incentives. Eligible users can also receive the token via 

SWPX has a max supply of 123 million and a total supply of over 58 million, of which around 14.44 million are in circulation. The token's maximum supply limitation is 123 million. As of Mar 14, 2025, the token is trading at $0.30 and has a market cap of $4.44 million, according to data from CoinGecko.

SwapX is among the newer DeFi platforms taking advantage of the Sonic blockchain's recent popularity, technical efficiencies and low costs. With an array of options for traders at all levels of expertise, SwapX has solid potential to become a significant player, at least within the Sonic ecosystem. 

Whether you want basic token swaps and liquidity provision, or prefer to utilize more advanced strategies, such as CL-based liquidity provision and ALM, SwapX has something to offer you.

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SwapX (SWPX): The future of liquidity provision on Sonic

Indices are essentially statistical measures that track the performance of a group of assets. Learn more here.

From the Dow Jones Industrial Average (DJIA, or simply the Dow) to the Hang Seng Index (HSI), the world’s major stock market indices are vital benchmarks that reflect the performance of leading companies across regions. For beginning and veteran traders alike, such indices act as overarching market bellwethers that provide deeper insights into market trends and serve as tools for trading strategies, risk management and portfolio diversification.

Given their mass popularity, indices are widely traded in the forms of futures, options and 

 (ETFs), enabling traders to effortlessly hedge against volatility or speculate on market movements through their preferred instrument. In this article, we’ll explore the world’s biggest market benchmarks, their composition, significance in trading and their role in shaping global financial markets.

Indices are essentially statistical measures that track the performance of a group of assets. For example, by referring to the three major US indices, we can immediately tell how a particular segment of the market is performing, thanks to the snapshot provided by these indices. 

At their core, these indices provide a way to gauge market trends, manage risk and diversify portfolios by offering a broad view of different sectors or asset classes. They’re widely used in financial markets for investment strategies, and as benchmarks for evaluating performance.

While more popular indices typically track the prices of stocks, traders may also consider trading indices that take into account the performance of other asset types, such as commodities and fixed-income instruments (e.g., bonds).

How indices work — mechanics, composition and weightage

Beyond simple tracking, indices also serve as the basis for numerous financial products that enable traders to participate in broad market movements without needing to purchase individual assets. This unmatched level of accessibility makes indices crucial for both institutional and retail traders. To go one step further, the construction of an index — including the specific assets being included, and their weighting — can significantly impact the index’s behavior, and the extent to which it effectively represents its target market.

Overall, understanding these construction methodologies is vital for traders who want to accurately interpret index movements and make informed decisions. We’ll go into more detail on the inner workings of index trading in the subsequent sections of this article.

Index trading involves speculating on the price movements of a group of assets without directly owning them. This is typically achieved through financial instruments, such as contracts for difference (CFDs), futures or options. The following section provides a detailed explanation of the mechanics involved.

As previously mentioned, indices are composed of various assets, such as stocks, commodities or bonds, and their performance is tracked using different weighting methods. The most common methods include the following.

Now that you’re familiar with the technicalities involved with index composition, let’s dive deeper into the instruments involved with the trading of indices.

New to trading indices? No worries. Here’s a quick four-step process to help you get started.

In summary, index trading provides a way to participate in broad market movements through various financial instruments. It offers diversification and flexibility but requires careful 

, given the volatility associated with index trading.

Trading indices offers several compelling advantages that make them an attractive option for both novice and experienced traders. The following reasons are worth considering.

Indices can be categorized based on their coverage, weighting method and focus. 

Following are some of the main types of indices.

Index prices are influenced by a variety of factors that can be broadly categorized into economic indicators, company performance, market sentiment and external events. These factors interact dynamically, influencing the overall performance of indices and shaping market trends.

For traders looking to get started with index trading, 

 with deep liquidity and competitive spreads. For a limited time (from Mar 13 through Apr 12, 2025), we’re running a 

 in which traders can enjoy zero fees on selected index pairs, making it even more cost-effective to explore index trading.

Ultimately, trading indices can seem daunting, given their depth of assets and the mechanics involved. For example, the S&P 500 comprises hundreds of stocks, each with different amounts of weightage. If mega-cap stocks like Tesla were to face some form of volatility, there would definitely be an impact on the index. As such, beginning traders who are new to index trading must 

 prior to transacting with indices, given the risks involved with the use of leveraged instruments.

For those with a longer time horizon in mind, trading indices can certainly be useful, especially if you’re intending to 

 your entries over time when building up your position. Given the extent of diversification involved and the sheer amount of liquidity present, it certainly would make sense for any trader with a long-term bullish inclination to trade indices and hold their ETFs for the long haul.

With a reliable platform like Bybit Gold&FX, you’ll practically be spoiled for choice when it comes to navigating the diverse world of indices and other financial instruments. By empowering traders with access to real-time data, advanced charting tools and a user-friendly interface, Bybit Gold&FX helps traders make informed decisions when analyzing market trends and execute trades with precision.

Whether you're interested in tracking the performance of major stock market indices, exploring commodity indices or diversifying your portfolio with forex and gold, Bybit Gold&FX offers the necessary resources and support. The platform's focus on security and transparency provides traders with peace of mind, allowing them to concentrate on their investment strategies and capitalize on market opportunities. In essence, it transforms the complexities of index trading into an accessible and sleek experience.

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Indices: Trading the world’s biggest market benchmarks

Bybit Learn

Altcoins

Stacks is a popular cryptocurrency project that aims to enhance the Bitcoin blockchain by facilitating DApps and smart contracts on the Bitcoin platform.

There are a large number of cryptocurrency platforms on the market, some of which are far more valuable and important to the industry than others. Among the most important platforms for this industry is 

 network that's designed specifically to provide Bitcoin with 

 and decentralized applications, also known as 

While Bitcoin and Stacks are essentially two completely separate 

, they work together. If you're thinking about investing in the STX token and want to know more about this Bitcoin network, the following guide offers an extensive overview of what Stacks is and the benefits it provides.

The Stacks protocol is a popular cryptocurrency project that aims to enhance the Bitcoin blockchain by facilitating DApps and smart contracts on the Bitcoin platform. The DApps on the Stacks network are highly modular.

This cryptocurrency project is centered on improving Bitcoin and making sure that the Bitcoin blockchain is as widely adopted as possible. Stacks is known to be a Bitcoin layer that shares some components with other 

 (L1 and L2) blockchains. To most users and developers, Stacks can be called a Bitcoin L2 blockchain, as it’s anchored directly to Bitcoin. Because of how this project is structured, its smart contracts don't alter any features of Bitcoin.

 means that developers can build on top of any app created on the Stacks network. Since Bitcoin is the base layer of Stacks, all aspects of the Stacks ecosystem are secured directly by the 

 before being rebranded in 2020, was co-founded by 

 in 2013. The platform was developed as a response to the increased centralization of the internet. Its native token, STX, is used to process transactions and execute smart contracts.

Stacks focuses on the interactions that occur between two separate parties, which include stackers and miners. These interactions are fully regulated by a proof of transfer (PoX) consensus mechanism. However, “miners” on the Stacks platform don't actually mine anything. Instead, they exchange mined BTC tokens taken from the Bitcoin network for the possibility of earning STX tokens. Because this type of mining is unique, any previous experience you've had with 

 likely won't prepare you for being a miner on this platform.

Every block that's “mined” via the Stacks blockchain stores transactional 

, as well as user identity information. This data is used to interact with every DApp that's housed within the Stacks ecosystem. Since Stacks is connected directly to Bitcoin, alterations that are made to wallet balances or IDs are verified through the Bitcoin network. The same is true of smart contracts.

Any data that isn't directly stored on Stacks is stored with 

, a separate solution that uses cloud storage and cold storage to provide users with numerous options. As for the Stacks coin — STX — it’s the main cryptocurrency token on which Stacks is based.

 is a consensus mechanism that defines what miners must do to develop blocks through the Stacks blockchain. Mining is necessary to verify transactions, and provides miners with cryptocurrency rewards. This mechanism is commonly used on Bitcoin by requiring miners to solve a unique puzzle with the processing power that their computer has, adding more blocks to the chain.

Any blockchain consensus algorithm requires financial or 

 to guarantee an extremely secure blockchain. Decentralized consensus ensures that malicious actors don't have the ownership stake or computing power to breach the network through an 

 consensus mechanism, in which miners destroy 

PoX secures blockchains by using a PoW cryptocurrency from an entirely different blockchain. Instead of burning the currency, miners transfer any cryptocurrency that they commit to other individuals within the network. 

There are several reasons why Stacks selected Bitcoin as the best network to effectively power the consensus. Since Bitcoin is considered to be the most secure cryptocurrency platform in existence, partnering with it doesn't come with much risk.

Bitcoin focuses primarily on stability and simplicity, which is why it's difficult for hackers to breach the network. BTC has also proven to be the most popular cryptocurrency, and is currently recognized by large corporations and governments alike.

 is a smart contract language that allows smart contracts to be used on the Bitcoin network. Its purpose is to prevent many of the exploits and bugs that can exist with these contracts. To understand the benefits that Clarity provides, it’s first necessary to understand how smart contracts interact with Bitcoin. There are three separate transactions that occur with a Bitcoin-Stacks smart contract: a single Bitcoin transaction and two Stacks transactions.

The receiver address, total amount of Bitcoin and other parameters are sent in the initial Stacks transaction. Once this occurs, a Bitcoin transaction is made, which determines the state of Stacks through the Bitcoin network. Once this transaction has been confirmed, an additional Stacks transaction occurs, verifying the previous Bitcoin transaction. The smart contract’s parameters are then executed.

It's possible to create and implement ample amounts of software logic when creating a Stacks smart contract. Some of the functions that Clarity can accommodate include:

Smart contract language included with this platform is fully optimized for security and predictability. The main difference between Clarity and some other smart-contract languages used on blockchain networks is that Clarity’s language is 

, and can be interpreted and displayed on the blockchain without any changes.

Because the language is shown as is, the smart contract code can always be read by humans, which makes it easy to audit the information. The “decidable” nature of this language indicates that the code can be accurately determined when it's executed. In fact, you're also able to identify what function the code has, as well as its duration.

Stacks comes with a wide range of distinct features you might want to know about before investing in the platform. These features include everything from mining functionality to the 

Miners can spend Bitcoin when electing leaders. This process involves sending different transactions to the Bitcoin blockchain, after which a 

 (VRF) chooses the leader for each round. This individual then writes the block on Stacks. For rewards, STX miners are provided with STX tokens, as well as Clarity contract execution fees and transaction fees for every block they mine.

As noted, developers can create DApps with the Stacks blockchain. These include everything from games and exchanges to non-fungible tokens. All DApps are made with Bitcoin technology. Once developed, they provide users with full control over their own digital assets, data and identities. Furthermore, all applications created via Stacks are decentralized. Stacks offers three separate functions for developing apps:

These functions can be used together in order to develop powerful and feature-rich experiences more useful than with traditional apps. Even though Stacks provides developers with ample resources for creating DApps, the majority of resources to which developers have access are designed to accommodate developers who have experience with 

Any information that's not directly stored on Stacks is placed in the Gaia storage system. This particular solution uses 

 and other cloud storage providers to deliver premium storage options. Users also have the opportunity to use cold storage (as opposed to cloud storage) if they have enough computing power.

 is designed to provide STX holders with rewards for taking part in the PoX consensus. Individuals who participate in this process are referred to as “stackers.” Whenever a block is mined, the blockchain sends BTC that has been committed by miners over to stackers. This Bitcoin is considered a reward for the value that stackers add to the Stacks network. These rewards are distributed once every seven days.

At the moment, STX holders are required to have a minimum amount of holdings (currently, 

) if they want to participate on the blockchain as stackers. Crypto investors who don't have enough STX can take part in stacking by using a third-party delegation service, which lets holders pool their holdings together (before taking part in stacking) as a form of joint participation. Some of these platforms only require a 0.1 STX minimum for you to start stacking.

 is the NFT marketplace housed on the Stacks blockchain. It supports all 

 projects. This is the very first NFT marketplace available through Stacks. With Gamma, you can easily explore, mint, purchase and sell digital collectibles.

Stacks has many use cases, the primary of which include bringing DApps to Bitcoin and providing the Bitcoin network with smart contracts. As described previously, Stacks uses a PoX consensus while connecting natively with Bitcoin. The implementation of the Stacks/Bitcoin interface provides developers with enhanced privacy and security for creating applications and building games. This eliminates reliance on central authorities, such as banks and other financial institutions, for financial transactions and products.

As mentioned, the two main participants on this platform are STX miners and holders. While miners are given rewards in the form of transaction and Clarity contract execution fees and STX tokens, holders are rewarded with Bitcoin. Holders can participate in the consensus by committing a certain amount of STX for a specific cycle.

All activities that occur on the Stacks blockchain are powered by the Stacks token. Fuel is used to facilitate transactions and interaction with smart contracts. 

STX was launched on Oct 26, 2019 at $0.37. It immediately plummeted to a low of $0.08 by mid-December. Multiple fluctuations followed, although STX’s price generally ranged between $0.08 and $0.27 through 2020. A breakthrough occurred in Feb 2021 during the crypto bull run as STX’s price steadily increased, from $0.42 on Feb 1, 2021 to a high of $2.75 on Apr 6, 2021. Although the price of STX declined following this to $0.59, it increased once again, to its all-time high of $3.39 on Dec 1, 2021. 

STX’s price then fluctuated before crashing in May 2022, which corresponds with the Terra/LUNA crash that occurred during the same period. This caused STX’s price to tank, falling back to its previous low of $0.20 by Dec 2022. 

On Jan 1, 2023, STX’s price started to pick up, steadily increasing from $0.21 to $1.19 in three months’ time. This increase could be attributed to a few of the following factors:

Although STX price decreased once again, from Mar 24, 2023 to Jun 15, 2023, it increased in late June and early July. This could be attributed to the positive outlook in the market as 

 from $24,904 on Jun 15, 2023 to $31,243 on Jul 4, 2023. 

The STX token is currently trading at around $0.67 (as of Jul 6, 2023). Its current market cap is approximately $932 million, with a circulating supply of almost 1.4 billion tokens. STX has a total and maximum supply of 1.818 billion tokens.

STX is available for purchase on various crypto exchanges, including Bybit. If you're looking to purchase or trade the STX token, first 

 (or sign in to your existing one). Fund your account with cryptocurrency and proceed to the 

STX delivers a high amount of value to the Bitcoin network by enabling smart contracts and the development of DApps. Using the Stacks blockchain means gaining access to the features of two separate blockchains for every activity you perform on the Stacks platform. Stacks also allows members to earn BTC via their rewards program, which bypasses the need to convert rewards to Bitcoin. 

STX has proven to be so useful that it's a good investment for any crypto holder. Nevertheless, as always, it’s advisable you 

 before investing in any cryptocurrencies.

Stacks offers plenty of unique features that aren't available with other crypto projects. By providing the Bitcoin network with the ability to support smart contracts, Bitcoin's adoption in the crypto industry should expand even further in the months and years to come. Because of the many functions Stacks currently supports, it looks poised to continue garnering success.

Stacks (STX): A Bitcoin Layer for Smart Contracts

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