STX is the integral cryptocurrency of the Stacks blockchain, serving multiple key purposes:
Rewarding Participation: The Stacks token, $STX, rewards users who contribute to the growth and sustainability of the Stacks network.
Transaction Medium: STX acts as the payment method for transaction charges on the Stacks platform. It facilitates the deployment of smart contracts, computational tasks, and dApp interactions.
Stacking Benefits: Through a process called stacking, as part of the PoX consensus method, STX owners can lock their tokens and offer essential services to the blockchain, earning Bitcoin in return.
Trading and Investment: The Stacks crypto can be traded against diverse digital currencies, allowing users to leverage market shifts and volatility. Whether you're purchasing, selling, or holding STX for its long-term promise, always keep tabs on the STX live price, market cap, and recent crypto developments. This can be easily done on Bitget exchange